AES Corp (AES) Stake Lessened by Wellington Shields & Co. LLC

Wellington Shields & Co. LLC lowered its stake in shares of AES Corp (NYSE:AES) by 5.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 370,600 shares of the utilities provider’s stock after selling 22,000 shares during the period. AES accounts for about 2.8% of Wellington Shields & Co. LLC’s investment portfolio, making the stock its 4th largest position. Wellington Shields & Co. LLC owned about 0.06% of AES worth $5,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. OppenheimerFunds Inc. grew its holdings in shares of AES by 5.7% in the second quarter. OppenheimerFunds Inc. now owns 2,229,948 shares of the utilities provider’s stock valued at $29,904,000 after purchasing an additional 120,330 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of AES by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,206,715 shares of the utilities provider’s stock valued at $29,595,000 after purchasing an additional 53,659 shares in the last quarter. Martingale Asset Management L P grew its holdings in shares of AES by 22.8% in the second quarter. Martingale Asset Management L P now owns 607,731 shares of the utilities provider’s stock valued at $8,150,000 after purchasing an additional 112,893 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of AES by 205.1% in the second quarter. Voya Investment Management LLC now owns 1,078,881 shares of the utilities provider’s stock valued at $14,468,000 after purchasing an additional 725,231 shares in the last quarter. Finally, Capital One National Association purchased a new position in shares of AES in the second quarter valued at $1,842,000. Hedge funds and other institutional investors own 98.78% of the company’s stock.

NYSE AES traded down $0.10 on Friday, hitting $15.57. 55,798 shares of the stock were exchanged, compared to its average volume of 7,143,708. The company has a quick ratio of 1.18, a current ratio of 1.24 and a debt-to-equity ratio of 3.17. The firm has a market capitalization of $10.59 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 1.59 and a beta of 0.97. AES Corp has a 52-week low of $9.86 and a 52-week high of $16.28.

AES (NYSE:AES) last posted its quarterly earnings data on Tuesday, November 6th. The utilities provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $3.63 billion. AES had a negative net margin of 2.48% and a positive return on equity of 19.50%. AES’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share. Equities research analysts anticipate that AES Corp will post 1.22 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.34%. The ex-dividend date is Wednesday, October 31st. AES’s payout ratio is 48.15%.

A number of research analysts recently weighed in on the stock. TheStreet raised shares of AES from a “c+” rating to a “b” rating in a report on Tuesday. ValuEngine raised shares of AES from a “hold” rating to a “buy” rating in a report 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 for the company in a report on Wednesday, October 10th. Finally, Morgan Stanley raised their target price on shares of AES from $13.50 to $14.00 and gave the company a “hold” rating in a report on Friday, September 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target 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.

See Also: Fundamental Analysis

Institutional Ownership by Quarter for AES (NYSE:AES)

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