Choreo LLC Takes Position in The AES Co. (NYSE:AES)

Choreo LLC bought a new stake in shares of The AES Co. (NYSE:AES) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,543 shares of the utilities provider’s stock, valued at approximately $376,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in AES by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 89,725,232 shares of the utilities provider’s stock valued at $1,608,773,000 after purchasing an additional 1,929,523 shares in the last quarter. Capital International Investors increased its position in AES by 11.4% during the 1st quarter. Capital International Investors now owns 77,641,395 shares of the utilities provider’s stock valued at $1,392,110,000 after purchasing an additional 7,969,594 shares during the period. Capital World Investors raised its holdings in shares of AES by 76.9% in the 4th quarter. Capital World Investors now owns 71,348,566 shares of the utilities provider’s stock valued at $1,373,460,000 after purchasing an additional 31,009,718 shares in the last quarter. M&G Plc purchased a new stake in shares of AES in the 1st quarter worth approximately $123,272,000. Finally, Goldman Sachs Group Inc. increased its holdings in AES by 70.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,441,980 shares of the utilities provider’s stock valued at $124,008,000 after buying an additional 2,670,001 shares during the period. Hedge funds and other institutional investors own 93.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on AES. Jefferies Financial Group initiated coverage on AES in a research report on Wednesday, September 11th. They issued a “buy” rating and a $20.00 price target for the company. Barclays reduced their target price on shares of AES from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Finally, Seaport Res Ptn cut shares of AES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

AES Price Performance

Shares of NYSE:AES opened at $19.01 on Tuesday. The AES Co. has a twelve month low of $11.43 and a twelve month high of $22.21. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 3.63. The company has a market cap of $13.51 billion, a PE ratio of 26.40 and a beta of 1.07. The company’s 50 day moving average is $17.31 and its 200 day moving average is $17.93.

AES (NYSE:AES) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.22 billion. AES had a return on equity of 32.74% and a net margin of 6.07%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 EPS. On average, sell-side analysts forecast that The AES Co. will post 1.91 EPS for the current year.

AES Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend was Thursday, August 1st. AES’s dividend payout ratio (DPR) is presently 95.83%.

AES Company Profile

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.