Assenagon Asset Management S.A. bought a new position in shares of The AES Corporation (NYSE:AES) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,928,870 shares of the utilities provider’s stock, valued at approximately $21,256,000. Assenagon Asset Management S.A. owned about 0.29% of The AES Corporation as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AES. FMR LLC raised its position in shares of The AES Corporation by 6.2% during the first quarter. FMR LLC now owns 1,504,682 shares of the utilities provider’s stock worth $16,822,000 after acquiring an additional 87,602 shares during the last quarter. Thrivent Financial For Lutherans raised its position in shares of The AES Corporation by 6.2% during the first quarter. Thrivent Financial For Lutherans now owns 24,270 shares of the utilities provider’s stock worth $271,000 after acquiring an additional 1,420 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of The AES Corporation by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,776,925 shares of the utilities provider’s stock worth $19,864,000 after acquiring an additional 16,442 shares during the last quarter. Amalgamated Bank raised its position in shares of The AES Corporation by 6.1% during the first quarter. Amalgamated Bank now owns 46,304 shares of the utilities provider’s stock worth $518,000 after acquiring an additional 2,664 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of The AES Corporation during the first quarter worth $224,000. Institutional investors own 93.05% of the company’s stock.

The AES Corporation (AES) traded down 0.09% during midday trading on Monday, reaching $11.12. The company had a trading volume of 585,344 shares. The company’s market capitalization is $7.34 billion. The AES Corporation has a 12-month low of $10.60 and a 12-month high of $12.48. The stock has a 50-day moving average price of $11.20 and a 200 day moving average price of $11.31.

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. Equities analysts forecast that The AES Corporation will post $1.03 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.31%. The AES Corporation’s dividend payout ratio is currently -42.10%.

A number of research firms have recently weighed in on AES. Morgan Stanley restated an “equal weight” rating on shares of The AES Corporation in a research report on Monday, July 10th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $15.00 price objective on shares of The AES Corporation in a report on Wednesday, September 13th. Zacks Investment Research downgraded The AES Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 4th. BidaskClub downgraded The AES Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Finally, ValuEngine downgraded The AES Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The AES Corporation presently has an average rating of “Hold” and an average price target of $13.00.

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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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