Vanguard Personalized Indexing Management LLC Has $1.91 Million Stock Holdings in The AES Co. (NYSE:AES)

Vanguard Personalized Indexing Management LLC increased its holdings in shares of The AES Co. (NYSE:AES) by 13.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 108,506 shares of the utilities provider’s stock after purchasing an additional 12,520 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in AES were worth $1,906,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AES. Capital World Investors raised its holdings in AES by 76.9% in the 4th quarter. Capital World Investors now owns 71,348,566 shares of the utilities provider’s stock valued at $1,373,460,000 after acquiring an additional 31,009,718 shares in the last quarter. Capital International Investors raised its holdings in AES by 11.4% in the 1st quarter. Capital International Investors now owns 77,641,395 shares of the utilities provider’s stock valued at $1,392,110,000 after acquiring an additional 7,969,594 shares in the last quarter. M&G Plc acquired a new position in AES in the 1st quarter valued at approximately $123,272,000. Goldman Sachs Group Inc. raised its holdings in AES by 70.8% in the 4th 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 in the last quarter. Finally, Vanguard Group Inc. raised its holdings in AES by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 89,725,232 shares of the utilities provider’s stock valued at $1,608,773,000 after acquiring an additional 1,929,523 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

Analyst Ratings Changes

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

AES Price Performance

NYSE AES opened at $18.90 on Friday. 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 one year low of $11.43 and a one year high of $22.21. The stock’s 50 day simple moving average is $17.40 and its 200 day simple moving average is $18.03. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.97 and a quick ratio of 0.91.

AES (NYSE:AES) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $2.94 billion for 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%. AES’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 EPS. As a group, sell-side analysts forecast that The AES Co. will post 1.91 earnings per share for the current fiscal year.

AES Announces Dividend

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

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.