Public Employees Retirement Association of Colorado Has $1.24 Million Stake in The AES Co. (NYSE:AES)

Public Employees Retirement Association of Colorado cut its holdings in shares of The AES Co. (NYSE:AES) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,743 shares of the utilities provider’s stock after selling 2,692 shares during the period. Public Employees Retirement Association of Colorado’s holdings in AES were worth $1,243,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AES. Capital World Investors raised its holdings in shares of AES by 76.9% in the fourth quarter. Capital World Investors now owns 71,348,566 shares of the utilities provider’s stock valued at $1,373,460,000 after buying an additional 31,009,718 shares during the last quarter. Capital International Investors increased its holdings in shares of AES by 11.4% in the first 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 in the last quarter. M&G Plc bought a new position in AES in the 1st quarter worth approximately $123,272,000. Goldman Sachs Group Inc. boosted its position in AES by 70.8% in the 4th 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 last quarter. Finally, Vanguard Group Inc. increased its stake in shares of AES by 2.2% in 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 buying an additional 1,929,523 shares during the period. 93.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AES shares. Evercore ISI upgraded AES to a “strong-buy” rating in a report on Wednesday, September 18th. Barclays reduced their target price on shares of AES from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Finally, Jefferies Financial Group initiated coverage on shares of AES in a research note on Wednesday, September 11th. They issued a “buy” rating and a $20.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AES has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

AES Price Performance

Shares of NYSE AES opened at $19.10 on Wednesday. The company has a fifty day moving average price of $17.48 and a 200 day moving average price of $18.08. The AES Co. has a 1-year low of $11.43 and a 1-year high of $22.21. The firm has a market cap of $13.57 billion, a PE ratio of 26.53 and a beta of 1.07. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 3.63.

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

AES Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, August 1st. AES’s dividend payout ratio is presently 95.83%.

AES 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.