Wells Fargo & Company MN lifted its holdings in AES Corp (NYSE:AES) by 1.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,284,367 shares of the utilities provider’s stock after purchasing an additional 38,019 shares during the period. Wells Fargo & Company MN’s holdings in AES were worth $45,980,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its stake in AES by 0.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 17,801,885 shares of the utilities provider’s stock worth $238,723,000 after purchasing an additional 91,198 shares during the period. Bank of Montreal Can raised its stake in AES by 292.9% during the third quarter. Bank of Montreal Can now owns 16,000,507 shares of the utilities provider’s stock worth $224,007,000 after purchasing an additional 11,927,913 shares during the period. TCW Group Inc. raised its stake in AES by 1.0% during the second quarter. TCW Group Inc. now owns 10,717,054 shares of the utilities provider’s stock worth $143,715,000 after purchasing an additional 110,234 shares during the period. Bank of America Corp DE raised its stake in AES by 56.6% during the second quarter. Bank of America Corp DE now owns 7,987,170 shares of the utilities provider’s stock worth $107,107,000 after purchasing an additional 2,887,388 shares during the period. Finally, Putnam Investments LLC raised its stake in AES by 33.3% during the second quarter. Putnam Investments LLC now owns 5,666,577 shares of the utilities provider’s stock worth $75,989,000 after purchasing an additional 1,415,813 shares during the period. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AES opened at $14.90 on Wednesday. AES Corp has a 1-year low of $9.86 and a 1-year high of $16.28. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 1.51 and a beta of 0.97. The company has a quick ratio of 1.10, a current ratio of 1.24 and a debt-to-equity ratio of 3.17.

AES (NYSE:AES) last announced its quarterly earnings results on Tuesday, November 6th. The utilities provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. AES had a negative net margin of 2.48% and a positive return on equity of 19.50%. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $3.63 billion. During the same period last year, the business earned $0.23 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities research analysts predict that AES Corp will post 1.22 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 1st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Wednesday, October 31st. AES’s dividend payout ratio (DPR) is currently 48.15%.

AES has been the topic of a number of analyst reports. TheStreet raised shares of AES from a “c+” rating to a “b” rating in a research note on Tuesday, November 6th. ValuEngine raised shares of AES from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. Zacks Investment Research raised shares of AES from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Wednesday, October 10th. Finally, Morgan Stanley reaffirmed a “hold” rating and set a $14.50 target price (up from $14.00) on shares of AES in a research note on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. AES currently has a consensus rating of “Hold” and an average target price of $14.00.

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AES Company Profile

The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.

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Institutional Ownership by Quarter for AES (NYSE:AES)

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