The AES Corporation $AES Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of The AES Corporation (NYSE:AES) by 78.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 591,362 shares of the utilities provider’s stock after selling 2,168,069 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in AES were worth $8,480,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in shares of AES by 128.6% during the 4th quarter. SG Americas Securities LLC now owns 7,147,438 shares of the utilities provider’s stock worth $102,494,000 after purchasing an additional 4,021,385 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of AES by 247.6% during the second quarter. Lazard Asset Management LLC now owns 968,333 shares of the utilities provider’s stock valued at $10,185,000 after buying an additional 689,741 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in AES during the third quarter worth approximately $4,585,000. Empowered Funds LLC raised its holdings in AES by 763.3% in the 1st quarter. Empowered Funds LLC now owns 146,851 shares of the utilities provider’s stock valued at $1,824,000 after acquiring an additional 129,841 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC lifted its stake in shares of AES by 152.2% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 155,372 shares of the utilities provider’s stock worth $2,045,000 after purchasing an additional 93,763 shares during the period. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AES has been the subject of several analyst reports. Argus lowered AES from a “buy” rating to a “hold” rating in a research note on Thursday, March 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a $15.00 price objective (down from $23.00) on shares of AES in a research note on Friday, March 6th. Barclays reiterated an “equal weight” rating and set a $15.00 price objective on shares of AES in a report on Wednesday, February 4th. Mizuho downgraded shares of AES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Jefferies Financial Group increased their price target on shares of AES from $13.00 to $16.00 and gave the stock a “hold” rating in a research note on Tuesday, February 3rd. Two research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.30.

AES Trading Down 1.1%

NYSE AES opened at $14.29 on Friday. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.69 and a current ratio of 0.77. The AES Corporation has a one year low of $9.46 and a one year high of $17.65. The company’s 50 day moving average price is $14.55 and its 200 day moving average price is $14.47. The firm has a market capitalization of $10.19 billion, a price-to-earnings ratio of 11.34 and a beta of 0.97.

AES (NYSE:AES) last released its quarterly earnings data on Monday, March 2nd. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.13. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.07 billion. AES had a net margin of 7.40% and a return on equity of 19.93%. During the same quarter in the prior year, the business earned $0.54 earnings per share. On average, sell-side analysts predict that The AES Corporation will post 2.29 EPS for the current year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be paid a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Friday, May 1st. AES’s payout ratio is currently 55.56%.

AES Profile

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company’s portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.