Northern Capital Management LLC lifted its position in shares of The AES Corporation (NYSE:AES) by 21.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,000 shares of the utilities provider’s stock after purchasing an additional 16,350 shares during the period. Northern Capital Management LLC’s holdings in The AES Corporation were worth $1,033,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. acquired a new position in shares of The AES Corporation during the 1st quarter worth about $326,000. Bank of Nova Scotia increased its stake in shares of The AES Corporation by 933.9% during the 1st quarter. Bank of Nova Scotia now owns 150,438 shares of the utilities provider’s stock worth $1,682,000 after purchasing an additional 135,888 shares during the last quarter. Cibc World Markets Corp increased its stake in shares of The AES Corporation by 16.5% during the 1st quarter. Cibc World Markets Corp now owns 166,839 shares of the utilities provider’s stock worth $1,865,000 after purchasing an additional 23,604 shares during the last quarter. Tudor Investment Corp ET AL increased its stake in shares of The AES Corporation by 9.4% during the 1st quarter. Tudor Investment Corp ET AL now owns 37,200 shares of the utilities provider’s stock worth $416,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Xact Kapitalforvaltning AB increased its stake in shares of The AES Corporation by 14.1% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 50,698 shares of the utilities provider’s stock worth $563,000 after purchasing an additional 6,283 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

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Several research analysts have recently weighed in on the stock. Morgan Stanley restated an “equal weight” rating on shares of The AES Corporation in a research note on Monday, July 10th. ValuEngine lowered shares of The AES Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research upgraded shares of The AES Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Thursday, August 17th. Finally, BidaskClub lowered shares of The AES Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The AES Corporation currently has an average rating of “Hold” and a consensus target price of $12.00.

Shares of The AES Corporation (NYSE:AES) traded up 0.72% on Monday, reaching $11.12. 2,410,622 shares of the company were exchanged. The AES Corporation has a 12-month low of $10.60 and a 12-month high of $13.32. The firm’s market capitalization is $7.34 billion. The company’s 50 day moving average is $11.19 and its 200 day moving average is $11.35.

The AES Corporation (NYSE:AES) last announced its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $2.97 billion. The AES Corporation had a negative net margin of 5.30% and a positive return on equity of 15.86%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 earnings per share. Analysts forecast that The AES Corporation will post $1.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend was Tuesday, August 1st. The AES Corporation’s dividend payout ratio is -42.10%.

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.

Institutional Ownership by Quarter for The AES Corporation (NYSE:AES)

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