Rhumbline Advisers Sells 11,483 Shares of The AES Corporation (AES)
Rhumbline Advisers decreased its position in The AES Corporation (NYSE:AES) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,108,286 shares of the utilities provider’s stock after selling 11,483 shares during the period. Rhumbline Advisers owned about 0.17% of The AES Corporation worth $12,313,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in The AES Corporation during the first quarter worth $117,000. IFP Advisors Inc increased its stake in The AES Corporation by 94.0% in the first quarter. IFP Advisors Inc now owns 11,329 shares of the utilities provider’s stock worth $127,000 after buying an additional 5,489 shares during the last quarter. HRT Financial LLC purchased a new stake in The AES Corporation during the first quarter worth $132,000. Pacer Advisors Inc. increased its stake in The AES Corporation by 3.1% in the first quarter. Pacer Advisors Inc. now owns 13,437 shares of the utilities provider’s stock worth $150,000 after buying an additional 402 shares during the last quarter. Finally, Huntington National Bank increased its stake in The AES Corporation by 62.7% in the second quarter. Huntington National Bank now owns 14,257 shares of the utilities provider’s stock worth $158,000 after buying an additional 5,492 shares during the last quarter. Institutional investors own 93.49% of the company’s stock.
Shares of The AES Corporation (AES) opened at 11.07 on Monday. The AES Corporation has a 12-month low of $10.60 and a 12-month high of $13.32. The company has a 50-day moving average price of $11.12 and a 200-day moving average price of $11.36. The company’s market cap is $7.31 billion.
The AES Corporation (NYSE:AES) last announced its earnings results on Tuesday, August 8th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $2.97 billion. The AES Corporation had a positive return on equity of 15.86% and a negative net margin of 5.30%. The AES Corporation’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the company earned $0.17 EPS. On average, analysts predict that The AES Corporation will post $1.05 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Thursday, August 3rd were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.34%. The ex-dividend date was Tuesday, August 1st. The AES Corporation’s dividend payout ratio is currently -42.10%.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded The AES Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. BidaskClub downgraded The AES Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Morgan Stanley restated an “equal weight” rating on shares of The AES Corporation in a research report on Monday, July 10th. Finally, ValuEngine upgraded The AES Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $12.00.
About The AES Corporation
The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.
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