Sumitomo Mitsui Trust Holdings Inc. Increases Holdings in AES Corp (AES)

Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of AES Corp (NYSE:AES) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,307,083 shares of the utilities provider’s stock after buying an additional 62,581 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.35% of AES worth $32,299,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC lifted its position in AES by 116.8% during the third quarter. SG Americas Securities LLC now owns 152,311 shares of the utilities provider’s stock valued at $2,132,000 after purchasing an additional 82,058 shares during the last quarter. LSV Asset Management lifted its position in AES by 3.7% during the third quarter. LSV Asset Management now owns 1,992,242 shares of the utilities provider’s stock valued at $27,891,000 after purchasing an additional 71,700 shares during the last quarter. Achmea Investment Management B.V. lifted its position in AES by 52.3% during the third quarter. Achmea Investment Management B.V. now owns 245,535 shares of the utilities provider’s stock valued at $3,437,000 after purchasing an additional 84,303 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in AES during the third quarter valued at $100,000. Finally, Park Avenue Securities LLC bought a new position in AES during the third quarter valued at $182,000. 97.33% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of AES from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Wednesday, October 10th. ValuEngine upgraded shares of AES from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. TheStreet upgraded shares of AES from a “c+” rating to a “b” rating in a research report on Tuesday, November 6th. Finally, Morgan Stanley raised their target price on shares of AES from $13.50 to $14.00 and gave the stock a “hold” rating in a report on Friday, September 21st. One 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’s stock. The company currently has an average rating of “Hold” and an average price target of $14.00.

AES stock opened at $15.07 on Friday. The stock has a market capitalization of $9.98 billion, a PE ratio of 13.95, a PEG ratio of 1.48 and a beta of 0.97. The company has a debt-to-equity ratio of 3.17, a current ratio of 1.24 and a quick ratio of 1.10. AES Corp has a 12-month low of $9.86 and a 12-month high of $16.28.

AES (NYSE:AES) last posted its quarterly earnings results on Tuesday, November 6th. The utilities provider reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $3.63 billion. AES had a negative net margin of 2.48% and a positive return on equity of 19.50%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 EPS. Research analysts forecast that AES Corp will post 1.22 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 1st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.45%. The ex-dividend date was Wednesday, October 31st. AES’s dividend payout ratio is presently 48.15%.

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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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