PGGM Investments Cuts Stake in The AES Corporation (NYSE:AES)

PGGM Investments cut its position in shares of The AES Corporation (NYSE:AES) by 0.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 422,441 shares of the utilities provider’s stock after selling 2,860 shares during the period. PGGM Investments owned approximately 0.06% of The AES Corporation worth $4,693,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AES. Pinnacle Bank purchased a new position in shares of The AES Corporation during the first quarter worth about $411,000. Jane Street Group LLC purchased a new position in shares of The AES Corporation during the first quarter worth about $117,000. IFP Advisors Inc raised its position in shares of 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 period. HRT Financial LLC purchased a new position in shares of The AES Corporation during the first quarter worth about $132,000. Finally, Pacer Advisors Inc. raised its position in shares of 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 period. 93.49% of the stock is owned by institutional investors and hedge funds.

Shares of The AES Corporation (AES) opened at 11.07 on Friday. The firm’s market capitalization is $7.31 billion. The AES Corporation has a 12-month low of $10.60 and a 12-month high of $13.32. The company’s 50-day moving average is $11.12 and its 200-day moving average is $11.36.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date was Tuesday, August 1st. The AES Corporation’s payout ratio is -42.10%.

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Several analysts have recently commented on AES shares. Zacks Investment Research upgraded shares of The AES Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. BidaskClub downgraded shares of The AES Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Morgan Stanley reissued an “equal weight” rating on shares of The AES Corporation in a research note on Monday, July 10th. Finally, ValuEngine raised shares of The AES Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price 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.

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

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