The AES Co. (NYSE:AES) Stock Holdings Increased by MBB Public Markets I LLC

MBB Public Markets I LLC boosted its holdings in The AES Co. (NYSE:AES) by 412.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 53,575 shares of the utilities provider’s stock after buying an additional 43,113 shares during the quarter. MBB Public Markets I LLC’s holdings in AES were worth $941,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of AES by 2.2% during the first quarter. Vanguard Group Inc. now owns 89,725,232 shares of the utilities provider’s stock worth $1,608,773,000 after purchasing an additional 1,929,523 shares during the period. Capital International Investors raised its holdings in AES by 11.4% during the 1st quarter. Capital International Investors now owns 77,641,395 shares of the utilities provider’s stock worth $1,392,110,000 after buying an additional 7,969,594 shares during the period. Capital World Investors lifted its stake in AES by 76.9% during the fourth quarter. Capital World Investors now owns 71,348,566 shares of the utilities provider’s stock valued at $1,373,460,000 after buying an additional 31,009,718 shares in the last quarter. M&G Plc purchased a new position in shares of AES in the first quarter worth approximately $123,272,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of AES by 70.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,441,980 shares of the utilities provider’s stock valued at $124,008,000 after acquiring an additional 2,670,001 shares during the period. Institutional investors own 93.13% of the company’s stock.

AES Trading Down 0.0 %

Shares of NYSE AES opened at $20.06 on Tuesday. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 27.86 and a beta of 1.07. The business has a 50 day simple moving average of $17.69 and a 200 day simple moving average of $18.20. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.91 and a current ratio of 0.97. The AES Co. has a 52 week low of $11.43 and a 52 week high of $22.21.

AES (NYSE:AES) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. AES had a net margin of 6.07% and a return on equity of 32.74%. The business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.22 billion. During the same quarter last year, the firm earned $0.21 EPS. AES’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, research analysts predict that The AES Co. will post 1.9 earnings per share for the current fiscal year.

AES Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Thursday, August 1st. AES’s payout ratio is presently 95.83%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AES. Jefferies Financial Group started coverage on shares of AES in a research report on Wednesday, September 11th. They set a “buy” rating and a $20.00 price objective on the stock. Evercore ISI raised AES to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, Barclays decreased their price objective on AES from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. One equities 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 given a strong buy rating to the company. Based on data from MarketBeat, AES currently has an average rating of “Moderate Buy” and an average 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.