Glenmede Trust Co. NA Has $1.73 Million Holdings in The AES Co. (NYSE:AES)

Glenmede Trust Co. NA trimmed its holdings in The AES Co. (NYSE:AES) by 1.2% in the third quarter, Holdings Channel reports. The fund owned 86,387 shares of the utilities provider’s stock after selling 1,056 shares during the period. Glenmede Trust Co. NA’s holdings in AES were worth $1,733,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AES. Tidal Investments LLC grew its position in shares of AES by 10.0% in the 1st quarter. Tidal Investments LLC now owns 73,420 shares of the utilities provider’s stock valued at $1,316,000 after purchasing an additional 6,684 shares during the period. Cetera Advisors LLC boosted its holdings in shares of AES by 77.8% in the first quarter. Cetera Advisors LLC now owns 18,045 shares of the utilities provider’s stock valued at $324,000 after buying an additional 7,897 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of AES by 6.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 40,871 shares of the utilities provider’s stock worth $699,000 after acquiring an additional 2,327 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of AES by 46.1% during the second quarter. GAMMA Investing LLC now owns 24,375 shares of the utilities provider’s stock worth $428,000 after acquiring an additional 7,691 shares during the period. Finally, Mather Group LLC. lifted its position in AES by 45.1% in the 2nd quarter. Mather Group LLC. now owns 6,001 shares of the utilities provider’s stock valued at $108,000 after acquiring an additional 1,864 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors.

AES Price Performance

Shares of NYSE AES opened at $13.04 on Monday. The AES Co. has a twelve month low of $12.53 and a twelve month high of $22.21. The company has a market cap of $9.27 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 0.68 and a beta of 1.10. The business’s 50 day moving average price is $16.24 and its two-hundred day moving average price is $17.66. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21.

AES (NYSE:AES) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. AES had a return on equity of 27.30% and a net margin of 8.34%. The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same quarter in the prior year, the business earned $0.60 EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, analysts predict that The AES Co. will post 1.95 EPS for the current year.

AES Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.1725 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.69 annualized dividend and a yield of 5.29%. AES’s dividend payout ratio is currently 47.92%.

Wall Street Analyst Weigh In

Several analysts have issued reports on AES shares. Susquehanna dropped their price target on AES from $24.00 to $21.00 and set a “positive” rating on the stock in a research note on Tuesday, November 5th. Mizuho cut their target price on AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, November 21st. Bank of America assumed coverage on shares of AES in a research note on Monday, November 25th. They set an “underperform” rating and a $11.00 price target for the company. Barclays increased their target price on shares of AES from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Jefferies Financial Group assumed coverage on shares of AES in a research note on Wednesday, September 11th. They issued a “buy” rating and a $20.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $20.22.

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.