Intech Investment Management LLC Has $7.11 Million Holdings in The AES Co. (NYSE:AES)

Intech Investment Management LLC lifted its holdings in The AES Co. (NYSE:AES) by 472.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 404,548 shares of the utilities provider’s stock after purchasing an additional 333,847 shares during the period. Intech Investment Management LLC’s holdings in AES were worth $7,108,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AES. CWM LLC lifted its stake in shares of AES by 2.4% in the second quarter. CWM LLC now owns 27,122 shares of the utilities provider’s stock valued at $477,000 after buying an additional 628 shares during the period. Raymond James Trust N.A. lifted its stake in shares of AES by 1.6% in the second quarter. Raymond James Trust N.A. now owns 44,433 shares of the utilities provider’s stock valued at $781,000 after buying an additional 711 shares during the period. Rise Advisors LLC lifted its stake in shares of AES by 92.4% in the second quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock valued at $26,000 after buying an additional 720 shares during the period. Empirical Finance LLC lifted its stake in shares of AES by 4.7% in the first quarter. Empirical Finance LLC now owns 18,185 shares of the utilities provider’s stock valued at $326,000 after buying an additional 823 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of AES by 102.3% in the second quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock valued at $31,000 after buying an additional 898 shares during the period. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Stock Performance

NYSE AES opened at $18.90 on Friday. The firm has a market cap of $13.43 billion, a price-to-earnings ratio of 26.25 and a beta of 1.07. The company has a 50 day moving average of $17.40 and a 200-day moving average of $18.01. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 3.63. The AES Co. has a 1-year low of $11.43 and a 1-year high of $22.21.

AES (NYSE:AES) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. AES had a net margin of 6.07% and a return on equity of 32.74%. The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.22 billion. During the same quarter last year, the business posted $0.21 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. On average, equities analysts forecast that The AES Co. will post 1.91 earnings per share for the current fiscal year.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a dividend of $0.1725 per share. The ex-dividend date was Thursday, August 1st. This represents a $0.69 annualized dividend and a dividend yield of 3.65%. AES’s dividend payout ratio (DPR) is currently 95.83%.

Wall Street Analyst Weigh In

AES has been the subject of several recent research reports. Jefferies Financial Group initiated coverage on shares of AES in a research report on Wednesday, September 11th. They issued a “buy” rating and a $20.00 price target for the company. Barclays dropped their price target on shares of AES from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Finally, Evercore ISI raised shares of AES to a “strong-buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, AES has an average rating of “Moderate Buy” and a consensus price target of $21.50.

AES Profile

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; 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.