The AES Corporation $AES Shares Sold by Raiffeisen Bank International AG

Raiffeisen Bank International AG cut its holdings in The AES Corporation (NYSE:AES) by 33.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 200,000 shares of the utilities provider’s stock after selling 100,000 shares during the quarter. Raiffeisen Bank International AG’s holdings in AES were worth $2,926,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Dorsey & Whitney Trust CO LLC grew its position in shares of AES by 4.8% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 14,658 shares of the utilities provider’s stock valued at $210,000 after purchasing an additional 671 shares during the last quarter. New Mexico Educational Retirement Board lifted its stake in AES by 2.5% in the 4th quarter. New Mexico Educational Retirement Board now owns 32,922 shares of the utilities provider’s stock valued at $472,000 after buying an additional 800 shares in the last quarter. Zions Bancorporation National Association UT lifted its stake in AES by 3.1% in the 4th quarter. Zions Bancorporation National Association UT now owns 28,581 shares of the utilities provider’s stock valued at $410,000 after buying an additional 852 shares in the last quarter. S&CO Inc. grew its holdings in AES by 6.2% during the 4th quarter. S&CO Inc. now owns 17,000 shares of the utilities provider’s stock valued at $243,000 after buying an additional 1,000 shares during the last quarter. Finally, Mufg Securities Americas Inc. increased its position in AES by 9.0% during the second quarter. Mufg Securities Americas Inc. now owns 21,479 shares of the utilities provider’s stock worth $315,000 after buying an additional 1,774 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Stock Performance

Shares of NYSE AES opened at $14.79 on Friday. The company has a 50-day simple moving average of $14.74 and a 200-day simple moving average of $14.68. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.75 and a quick ratio of 0.67. The company has a market cap of $10.55 billion, a PE ratio of 5.65 and a beta of 0.97. The AES Corporation has a 12 month low of $12.33 and a 12 month high of $17.65.

AES (NYSE:AES) last announced its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.15. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.11 billion. AES had a net margin of 14.30% and a return on equity of 20.69%. On average, equities analysts anticipate that The AES Corporation will post 2.23 earnings per share for the current year.

AES Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a $0.176 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.8%. AES’s payout ratio is currently 26.72%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded AES from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. Eight investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.71.

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.