Hudson Valley Investment Advisors Inc. ADV boosted its position in AES Corp (NYSE:AES) by 11.2% during the first quarter, Holdings Channel reports. The firm owned 17,754 shares of the utilities provider’s stock after buying an additional 1,785 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in AES Corp were worth $198,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teachers Advisors LLC increased its position in AES Corp by 43.9% in the third quarter. Teachers Advisors LLC now owns 1,263,360 shares of the utilities provider’s stock worth $16,234,000 after buying an additional 385,213 shares during the period. TIAA CREF Investment Management LLC increased its position in AES Corp by 6.3% in the third quarter. TIAA CREF Investment Management LLC now owns 2,608,476 shares of the utilities provider’s stock worth $33,519,000 after buying an additional 153,654 shares during the period. Rhumbline Advisers increased its position in AES Corp by 6.0% in the third quarter. Rhumbline Advisers now owns 1,028,397 shares of the utilities provider’s stock worth $13,215,000 after buying an additional 58,406 shares during the period. Canada Pension Plan Investment Board increased its position in AES Corp by 47.5% in the third quarter. Canada Pension Plan Investment Board now owns 538,719 shares of the utilities provider’s stock worth $6,923,000 after buying an additional 173,400 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in AES Corp by 1.6% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,379,327 shares of the utilities provider’s stock worth $17,724,000 after buying an additional 21,736 shares during the period. Hedge funds and other institutional investors own 93.97% of the company’s stock.

Institutional Ownership by Quarter for AES Corp (NYSE:AES)

AES Corp (NYSE:AES) traded down 0.35% during mid-day trading on Friday, hitting $11.38. The company had a trading volume of 5,026,241 shares. The firm’s market capitalization is $7.50 billion. AES Corp has a 1-year low of $10.49 and a 1-year high of $13.32. The company has a 50 day moving average of $11.26 and a 200 day moving average of $11.55.

AES Corp (NYSE:AES) last released its earnings results on Monday, February 27th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.01. The business had revenue of $3.54 billion for the quarter, compared to analyst estimates of $5.29 billion. AES Corp had a positive return on equity of 14.01% and a negative net margin of 1.95%. AES Corp’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share. Analysts predict that AES Corp will post $1.05 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, April 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.22%. AES Corp’s payout ratio is -117.07%.

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AES has been the topic of a number of research analyst reports. Royal Bank of Canada downgraded AES Corp from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $13.00 to $12.00 in a report on Wednesday, January 4th. Zacks Investment Research upgraded AES Corp from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Thursday, February 16th. Finally, Argus reiterated a “hold” rating on shares of AES Corp in a report on Thursday, March 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $12.33.

AES Corp Company Profile

The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.

5 Day Chart for NYSE:AES

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