Securian Asset Management Inc trimmed its position in AES Corp (NYSE:AES) by 14.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 228,543 shares of the utilities provider’s stock after selling 38,502 shares during the period. Securian Asset Management Inc’s holdings in AES were worth $4,132,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Arcadia Investment Management Corp MI bought a new position in AES during the fourth quarter worth about $29,000. Reilly Financial Advisors LLC bought a new position in AES during the first quarter worth about $36,000. Liberty Wealth Management LLC bought a new position in AES during the first quarter worth about $36,000. We Are One Seven LLC bought a new stake in shares of AES during the fourth quarter worth approximately $30,000. Finally, Covington Capital Management boosted its holdings in shares of AES by 55.7% during the fourth quarter. Covington Capital Management now owns 2,335 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 835 shares during the period. Institutional investors and hedge funds own 94.30% of the company’s stock.
Shares of NYSE:AES traded up $0.18 during trading on Wednesday, hitting $16.55. 6,819,749 shares of the company were exchanged, compared to its average volume of 5,960,333. The company has a market capitalization of $10.93 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.56 and a beta of 1.04. AES Corp has a 1-year low of $12.07 and a 1-year high of $18.52. The company has a debt-to-equity ratio of 3.27, a quick ratio of 1.21 and a current ratio of 1.34.
AES (NYSE:AES) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.02). The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.47 billion. AES had a net margin of 6.32% and a return on equity of 19.05%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 earnings per share. On average, equities analysts forecast that AES Corp will post 1.34 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a dividend of $0.1365 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.55 dividend on an annualized basis and a yield of 3.30%. AES’s dividend payout ratio (DPR) is currently 44.35%.
In related news, insider Jeffrey W. Ubben acquired 2,582,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were bought at an average price of $16.10 per share, with a total value of $41,570,200.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeffrey W. Ubben bought 2,482,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was acquired at an average price of $16.11 per share, for a total transaction of $39,985,020.00. The disclosure for this purchase can be found here. Corporate insiders own 1.06% of the company’s stock.
A number of equities research analysts have recently issued reports on AES shares. Zacks Investment Research upgraded AES from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Tuesday, April 16th. Argus upgraded AES from a “hold” rating to a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. AES has an average rating of “Hold” and a consensus price target of $14.50.
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The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also 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.
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