LSV Asset Management Acquires 17,048 Shares of The AES Corp. (AES)
LSV Asset Management raised its position in shares of The AES Corp. (NYSE:AES) by 0.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,135,410 shares of the company’s stock after buying an additional 17,048 shares during the period. LSV Asset Management’s holdings in The AES Corp. were worth $65,990,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Sterling Capital Management LLC increased its stake in The AES Corp. by 2.3% in the second quarter. Sterling Capital Management LLC now owns 42,898 shares of the company’s stock valued at $535,000 after buying an additional 955 shares during the last quarter. Fairfield Bush & CO. boosted its stake in The AES Corp. by 3.2% in the second quarter. Fairfield Bush & CO. now owns 45,640 shares of the company’s stock valued at $570,000 after buying an additional 1,400 shares during the period. Tocqueville Asset Management L.P. boosted its stake in The AES Corp. by 20.4% in the third quarter. Tocqueville Asset Management L.P. now owns 12,841 shares of the company’s stock valued at $165,000 after buying an additional 2,176 shares during the period. Nuveen Asset Management LLC boosted its stake in The AES Corp. by 1.9% in the second quarter. Nuveen Asset Management LLC now owns 211,740 shares of the company’s stock valued at $2,643,000 after buying an additional 4,049 shares during the period. Finally, FDx Advisors Inc. boosted its stake in The AES Corp. by 5.9% in the second quarter. FDx Advisors Inc. now owns 90,040 shares of the company’s stock valued at $1,124,000 after buying an additional 5,004 shares during the period. 93.83% of the stock is owned by hedge funds and other institutional investors.
Shares of The AES Corp. (NYSE:AES) opened at 11.88 on Wednesday. The company’s 50 day moving average price is $11.73 and its 200-day moving average price is $11.98. The firm’s market cap is $7.83 billion. The AES Corp. has a 1-year low of $8.22 and a 1-year high of $13.32.
The AES Corp. (NYSE:AES) last posted its quarterly earnings data on Friday, November 4th. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. The AES Corp. had a positive return on equity of 14.01% and a negative net margin of 1.95%. The firm earned $209.90 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the prior year, the firm posted $0.39 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. Equities analysts expect that The AES Corp. will post $0.99 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend was Friday, October 28th. The AES Corp.’s dividend payout ratio (DPR) is presently -107.31%.
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Several equities research analysts have recently commented on AES shares. Zacks Investment Research cut The AES Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, October 13th. Bank of America Corp. cut The AES Corp. from a “neutral” rating to an “underperform” rating in a research report on Tuesday, November 22nd. TheStreet cut The AES Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Finally, Barclays PLC cut The AES Corp. from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $14.00 to $12.00 in a research report on Tuesday, October 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The AES Corp. has a consensus rating of “Hold” and an average target price of $12.00.
The 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. The Company is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and Caribbean (MCAC); Europe, and Asia.
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