Envestnet Asset Administration Inc. lifted its holdings in shares of The AES Co. (NYSE:AES – Get Ranking) by 13.1% within the 2nd quarter, in response to the corporate in its most up-to-date disclosure with the Securities and Trade Fee. The agency owned 412,305 shares of the utilities supplier’s inventory after shopping for an extra 47,664 shares in the course of the interval. Envestnet Asset Administration Inc.’s holdings in AES had been price $8,663,000 on the finish of the latest reporting interval.
A number of different hedge funds and different institutional traders have additionally made adjustments to their positions within the enterprise. Dupont Capital Administration Corp boosted its place in shares of AES by 8.0% in the course of the second quarter. Dupont Capital Administration Corp now owns 7,534 shares of the utilities supplier’s inventory price $158,000 after shopping for an extra 556 shares in the course of the interval. Gould Capital LLC lifted its place in AES by 0.4% within the second quarter. Gould Capital LLC now owns 133,810 shares of the utilities supplier’s inventory price $2,811,000 after buying an extra 565 shares in the course of the interval. Hartford Funding Administration Co. lifted its place in AES by 0.9% within the second quarter. Hartford Funding Administration Co. now owns 63,497 shares of the utilities supplier’s inventory price $1,334,000 after buying an extra 583 shares in the course of the interval. Coldstream Capital Administration Inc. lifted its place in AES by 7.2% within the first quarter. Coldstream Capital Administration Inc. now owns 8,879 shares of the utilities supplier’s inventory price $228,000 after buying an extra 600 shares in the course of the interval. Lastly, CIBC Asset Administration Inc lifted its place in AES by 1.0% within the first quarter. CIBC Asset Administration Inc now owns 65,296 shares of the utilities supplier’s inventory price $1,680,000 after buying an extra 627 shares in the course of the interval. 95.25% of the inventory is at present owned by institutional traders and hedge funds.
AES Worth Efficiency
Shares of NYSE:AES opened at $26.49 on Wednesday. The AES Co. has a one yr low of $18.62 and a one yr excessive of $27.78. The inventory has a fifty day shifting common of $25.29 and a 200-day shifting common of $23.01. The corporate has a market capitalization of $17.69 billion, a PE ratio of -56.36, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The corporate has a debt-to-equity ratio of 4.37, a fast ratio of 1.12 and a present ratio of 1.29.
AES (NYSE:AES – Get Ranking) final introduced its earnings outcomes on Friday, November 4th. The utilities supplier reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.10. The corporate had income of $3.63 billion for the quarter, in comparison with the consensus estimate of $2.93 billion. AES had a unfavorable web margin of 1.88% and a optimistic return on fairness of 36.60%. The corporate’s income was up 19.5% on a year-over-year foundation. Throughout the identical interval within the earlier yr, the enterprise earned $0.50 EPS. As a bunch, equities analysts anticipate that The AES Co. will submit 1.65 EPS for the present fiscal yr.
AES Proclaims Dividend
The agency additionally just lately introduced a quarterly dividend, which can be paid on Tuesday, November fifteenth. Stockholders of document on Tuesday, November 1st can be issued a $0.158 dividend. The ex-dividend date of this dividend is Monday, October thirty first. This represents a $0.63 dividend on an annualized foundation and a dividend yield of two.39%. AES’s payout ratio is at present -134.04%.
Analyst Rankings Adjustments
A variety of analysis companies have weighed in on AES. TheStreet upgraded AES from a “c” ranking to a “b” ranking in a analysis report on Friday, November 4th. Susquehanna upped their goal worth on AES from $30.00 to $33.00 in a analysis report on Monday. Morgan Stanley minimize their goal worth on AES from $32.00 to $31.00 and set an “chubby” ranking for the corporate in a analysis report on Friday, October twenty first. Susquehanna Bancshares upped their goal worth on AES from $30.00 to $33.00 in a analysis report on Monday. Lastly, Credit score Suisse Group elevated their worth goal on AES from $23.00 to $26.00 and gave the corporate a “impartial” ranking in a analysis report on Wednesday, October nineteenth. Two funding analysts have rated the inventory with a maintain ranking and 4 have issued a purchase ranking to the corporate’s inventory. Primarily based on information from MarketBeat, the corporate has a consensus ranking of “Average Purchase” and a consensus goal worth of $30.00.
AES Firm Profile
The AES Company operates as a diversified energy technology and utility firm. It owns and/or operates energy crops to generate and promote energy to prospects, comparable to utilities, industrial customers, and different intermediaries. The corporate additionally owns and/or operates utilities to generate or buy, distribute, transmit, and promote electrical energy to end-user prospects within the residential, industrial, industrial, and governmental sectors; and generates and sells electrical energy on the wholesale market.
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