AES Corp (AES) Holdings Raised by Quadrant Capital Group LLC
Quadrant Capital Group LLC raised its position in AES Corp (NYSE:AES) by 123.6% in the 1st quarter, HoldingsChannel reports. The firm owned 5,390 shares of the utilities provider’s stock after buying an additional 2,979 shares during the period. Quadrant Capital Group LLC’s holdings in AES were worth $92,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc boosted its holdings in shares of AES by 6.1% in the third quarter. Vanguard Group Inc now owns 81,854,306 shares of the utilities provider’s stock valued at $1,145,960,000 after buying an additional 4,727,278 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of AES by 1,769.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,851,301 shares of the utilities provider’s stock valued at $335,000 after buying an additional 4,591,766 shares during the period. Hexavest Inc. boosted its holdings in shares of AES by 84.6% in the fourth quarter. Hexavest Inc. now owns 4,643,784 shares of the utilities provider’s stock valued at $67,149,000 after buying an additional 2,128,132 shares during the period. PGGM Investments boosted its holdings in shares of AES by 1,045.9% in the fourth quarter. PGGM Investments now owns 1,988,171 shares of the utilities provider’s stock valued at $28,749,000 after buying an additional 1,814,671 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of AES by 94.8% in the fourth quarter. American Century Companies Inc. now owns 3,187,343 shares of the utilities provider’s stock valued at $46,089,000 after buying an additional 1,550,783 shares during the period. 93.53% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research upgraded shares of AES from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.00.
AES (NYSE:AES) last announced its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.47 billion. AES had a net margin of 11.20% and a return on equity of 19.43%. The business’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. As a group, equities research analysts predict that AES Corp will post 1.34 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.1365 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Tuesday, April 30th. AES’s dividend payout ratio is currently 44.35%.
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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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