The AES Co. (NYSE:AES) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lessened its holdings in The AES Co. (NYSE:AES) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 264,093 shares of the utilities provider’s stock after selling 6,700 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in AES were worth $4,640,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. CWM LLC increased its stake in AES by 2.4% during the 2nd quarter. CWM LLC now owns 27,122 shares of the utilities provider’s stock valued at $477,000 after purchasing an additional 628 shares in the last quarter. Rise Advisors LLC increased its position in shares of AES by 92.4% in the 2nd quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 720 shares during the period. Concourse Financial Group Securities Inc. raised its stake in AES by 13.0% in the 4th quarter. Concourse Financial Group Securities Inc. now owns 7,008 shares of the utilities provider’s stock worth $135,000 after acquiring an additional 806 shares during the last quarter. Empirical Finance LLC grew its stake in AES by 4.7% during the 1st quarter. Empirical Finance LLC now owns 18,185 shares of the utilities provider’s stock valued at $326,000 after purchasing an additional 823 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of AES by 0.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 205,127 shares of the utilities provider’s stock valued at $3,679,000 after purchasing an additional 1,003 shares during the period. Institutional investors and hedge funds own 93.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Seaport Res Ptn lowered AES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Mizuho increased their price objective on shares of AES from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, Barclays lowered their price target on shares of AES from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.71.

AES Stock Performance

AES stock traded up $0.31 during midday trading on Friday, hitting $18.08. 6,788,472 shares of the stock traded hands, compared to its average volume of 8,086,740. The stock’s fifty day simple moving average is $17.67 and its 200-day simple moving average is $17.81. The firm has a market cap of $12.85 billion, a P/E ratio of 25.11 and a beta of 1.08. The AES Co. has a 1-year low of $11.43 and a 1-year high of $22.21. The company has a debt-to-equity ratio of 4.04, a current ratio of 0.78 and a quick ratio of 0.71.

AES (NYSE:AES) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.22 billion. AES had a return on equity of 35.44% and a net margin of 6.07%. AES’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 EPS. On average, analysts expect that The AES Co. will post 1.91 earnings per share for the current year.

AES Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a dividend of $0.1725 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $0.69 dividend on an annualized basis and a yield of 3.82%. AES’s payout ratio is presently 95.83%.

About AES

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.