AES Corp (NYSE:AES) Stock Position Increased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its stake in shares of AES Corp (NYSE:AES) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,516,331 shares of the utilities provider’s stock after buying an additional 403,482 shares during the period. Massachusetts Financial Services Co. MA’s holdings in AES were worth $204,518,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its holdings in shares of AES by 204.0% during the second quarter. SG Americas Securities LLC now owns 373,219 shares of the utilities provider’s stock worth $6,255,000 after purchasing an additional 250,431 shares during the period. Bank of New York Mellon Corp lifted its stake in AES by 7.5% in the second quarter. Bank of New York Mellon Corp now owns 9,931,902 shares of the utilities provider’s stock valued at $166,458,000 after acquiring an additional 691,328 shares during the last quarter. Hennessy Advisors Inc. lifted its stake in AES by 3.0% in the second quarter. Hennessy Advisors Inc. now owns 1,340,200 shares of the utilities provider’s stock valued at $22,462,000 after acquiring an additional 39,100 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in AES in the second quarter valued at approximately $725,000. Finally, Gulf International Bank UK Ltd lifted its stake in AES by 1.4% in the second quarter. Gulf International Bank UK Ltd now owns 148,198 shares of the utilities provider’s stock valued at $2,483,000 after acquiring an additional 2,000 shares during the last quarter. 93.96% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Julian Nebreda sold 18,864 shares of AES stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $15.24, for a total value of $287,487.36. Following the transaction, the senior vice president now owns 35,314 shares of the company’s stock, valued at $538,185.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.06% of the company’s stock.

A number of analysts have issued reports on AES shares. Evercore ISI set a $19.00 target price on shares of AES and gave the company a “buy” rating in a research note on Wednesday, August 7th. TheStreet upgraded shares of AES from a “c+” rating to a “b” rating in a research note on Wednesday, November 6th. ValuEngine upgraded shares of AES from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley lifted their target price on shares of AES from $17.50 to $18.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $17.64.

Shares of NYSE:AES traded up $0.12 during trading on Wednesday, reaching $18.18. The stock had a trading volume of 2,837,063 shares, compared to its average volume of 5,432,638. AES Corp has a 52 week low of $13.55 and a 52 week high of $18.52. The firm has a market capitalization of $11.71 billion, a price-to-earnings ratio of 14.66, a P/E/G ratio of 1.55 and a beta of 1.05. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 3.32. The stock has a fifty day simple moving average of $16.59 and a two-hundred day simple moving average of $16.39.

AES (NYSE:AES) last released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.08. AES had a net margin of 4.90% and a return on equity of 22.67%. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was down 7.5% compared to the same quarter last year. On average, analysts forecast 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 Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.137 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Thursday, October 31st. AES’s dividend payout ratio is 44.35%.

About AES

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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