Mutual of America Capital Management LLC Increases Stock Holdings in The AES Co. (NYSE:AES)

Mutual of America Capital Management LLC increased its stake in shares of The AES Co. (NYSE:AES) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 175,525 shares of the utilities provider’s stock after purchasing an additional 1,186 shares during the quarter. Mutual of America Capital Management LLC’s holdings in AES were worth $3,084,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC lifted its position in AES by 2.4% in the second quarter. CWM LLC now owns 27,122 shares of the utilities provider’s stock valued at $477,000 after purchasing an additional 628 shares during the period. Raymond James Trust N.A. raised its position in AES by 1.6% in the second quarter. Raymond James Trust N.A. now owns 44,433 shares of the utilities provider’s stock worth $781,000 after acquiring an additional 711 shares in the last quarter. Rise Advisors LLC lifted its holdings in AES by 92.4% in the second 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. Empirical Finance LLC boosted its position in shares of AES by 4.7% during the 1st quarter. Empirical Finance LLC now owns 18,185 shares of the utilities provider’s stock worth $326,000 after purchasing an additional 823 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of AES by 102.3% in the 2nd quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 898 shares in the last quarter. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AES has been the topic of several recent analyst reports. Barclays lowered their target price on shares of AES from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Evercore ISI raised AES to a “strong-buy” rating in a report on Wednesday, September 18th. Finally, Jefferies Financial Group began coverage on AES in a research note on Wednesday, September 11th. They set a “buy” rating and a $20.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, AES currently has an average rating of “Moderate Buy” and a consensus price target of $21.50.

AES Stock Up 2.2 %

AES stock opened at $19.32 on Tuesday. The AES Co. has a one year low of $11.43 and a one year high of $22.21. The stock has a market capitalization of $13.73 billion, a P/E ratio of 26.83 and a beta of 1.07. The company has a 50 day moving average price of $17.45 and a two-hundred day moving average price of $18.06. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.91 and a current ratio of 0.97.

AES (NYSE:AES) last released its earnings results on Thursday, August 1st. The utilities provider reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. AES had a return on equity of 32.74% and a net margin of 6.07%. The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.22 billion. During the same period in the prior year, the business posted $0.21 earnings per share. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, sell-side analysts expect that The AES Co. will post 1.91 EPS for the current year.

AES Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Thursday, August 1st. AES’s payout ratio is currently 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.