XTX Topco Ltd Has $1.23 Million Position in The AES Co. (NYSE:AES)

XTX Topco Ltd trimmed its stake in The AES Co. (NYSE:AES) by 9.9% in the second quarter, HoldingsChannel reports. The firm owned 69,790 shares of the utilities provider’s stock after selling 7,662 shares during the period. XTX Topco Ltd’s holdings in AES were worth $1,226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Principal Securities Inc. acquired a new stake in shares of AES in the 4th quarter valued at about $57,000. Dimensional Fund Advisors LP grew its stake in AES by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,559,517 shares of the utilities provider’s stock valued at $49,273,000 after acquiring an additional 10,002 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of AES by 36.4% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 26,748 shares of the utilities provider’s stock valued at $515,000 after acquiring an additional 7,141 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of AES by 145.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 145,108 shares of the utilities provider’s stock worth $2,793,000 after purchasing an additional 85,926 shares during the period. Finally, Coldstream Capital Management Inc. lifted its holdings in shares of AES by 19.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 22,014 shares of the utilities provider’s stock worth $424,000 after purchasing an additional 3,582 shares in the last quarter. 93.13% of the stock is owned by institutional investors.

AES Stock Performance

AES stock opened at $18.90 on Friday. The business has a 50 day moving average of $17.40 and a 200-day moving average of $18.01. The firm has a market cap of $13.43 billion, a PE ratio of 26.25 and a beta of 1.07. The AES Co. has a 12-month low of $11.43 and a 12-month high of $22.21. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 3.63.

AES (NYSE:AES) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.22 billion. AES had a return on equity of 32.74% and a net margin of 6.07%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.21 EPS. As a group, sell-side analysts expect that The AES Co. will post 1.91 earnings per share for the current year.

AES Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on AES. Barclays lowered their price objective on shares of AES from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Jefferies Financial Group started coverage on shares of AES in a research report on Wednesday, September 11th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Evercore ISI raised AES to a “strong-buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, AES has an average rating of “Moderate Buy” and an average target price of $21.50.

About AES

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.