The AES Co. (NYSE:AES) Position Raised by Intech Investment Management LLC

Intech Investment Management LLC increased its position in shares of The AES Co. (NYSE:AES) by 472.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 404,548 shares of the utilities provider’s stock after purchasing an additional 333,847 shares during the period. Intech Investment Management LLC owned 0.06% of AES worth $7,108,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AES. Principal Securities Inc. bought a new stake in AES during the fourth quarter worth approximately $57,000. Dimensional Fund Advisors LP grew its position in AES by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,559,517 shares of the utilities provider’s stock worth $49,273,000 after buying an additional 10,002 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in AES by 36.4% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 26,748 shares of the utilities provider’s stock worth $515,000 after buying an additional 7,141 shares during the last quarter. PNC Financial Services Group Inc. grew its position in AES by 145.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 145,108 shares of the utilities provider’s stock worth $2,793,000 after buying an additional 85,926 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its position in AES by 19.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 22,014 shares of the utilities provider’s stock worth $424,000 after buying an additional 3,582 shares during the last quarter. Institutional investors own 93.13% of the company’s stock.

AES Stock Performance

NYSE AES opened at $18.90 on Friday. The firm’s 50 day moving average price is $17.40 and its two-hundred day moving average price is $18.01. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.91 and a current ratio of 0.97. The AES Co. has a twelve month low of $11.43 and a twelve month high of $22.21. The stock has a market cap of $13.43 billion, a price-to-earnings ratio of 26.25 and a beta of 1.07.

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

AES Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Thursday, August 1st. AES’s dividend payout ratio is currently 95.83%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AES shares. Jefferies Financial Group started coverage on shares of AES in a research report on Wednesday, September 11th. They issued a “buy” rating and a $20.00 price target on the stock. Barclays decreased their price target 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. Finally, Evercore ISI upgraded shares of AES to a “strong-buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.50.

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.