The AES Co. (NYSE:AES) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. lowered its position in The AES Co. (NYSE:AES) by 48.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,060 shares of the utilities provider’s stock after selling 32,594 shares during the period. Duff & Phelps Investment Management Co.’s holdings in AES were worth $598,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. DekaBank Deutsche Girozentrale increased its stake in shares of AES by 161.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 107,016 shares of the utilities provider’s stock worth $2,035,000 after acquiring an additional 66,145 shares during the period. Empowered Funds LLC grew its position in AES by 1.9% during the 1st quarter. Empowered Funds LLC now owns 124,745 shares of the utilities provider’s stock worth $2,237,000 after purchasing an additional 2,273 shares during the period. SG Americas Securities LLC raised its stake in shares of AES by 735.2% during the 1st quarter. SG Americas Securities LLC now owns 617,387 shares of the utilities provider’s stock valued at $11,070,000 after buying an additional 543,464 shares during the last quarter. New Century Financial Group LLC acquired a new position in shares of AES in the 1st quarter valued at about $1,235,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of AES by 20.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 839,343 shares of the utilities provider’s stock worth $15,049,000 after buying an additional 140,610 shares during the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AES has been the topic of several recent research reports. Evercore ISI upgraded AES to a “strong-buy” rating in a research report on Wednesday, September 18th. Barclays dropped 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, Jefferies Financial Group assumed coverage on shares of AES in a research report on Wednesday, September 11th. They issued a “buy” rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

AES Stock Up 2.2 %

AES opened at $20.07 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 3.63. The AES Co. has a twelve month low of $11.43 and a twelve month high of $22.21. The company has a market cap of $14.26 billion, a PE ratio of 27.88 and a beta of 1.07. The company has a 50-day moving average price of $17.64 and a 200 day moving average price of $18.16.

AES (NYSE:AES) last issued its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $2.94 billion for the quarter, compared to analyst estimates of $3.22 billion. AES had a return on equity of 32.74% and a net margin of 6.07%. The business’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. Sell-side analysts expect that The AES Co. will post 1.9 earnings per share for the current fiscal year.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a $0.1725 dividend. The ex-dividend date was Thursday, August 1st. This represents a $0.69 annualized dividend and a dividend yield of 3.44%. AES’s dividend payout ratio is presently 95.83%.

AES Company 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.