AES Corp (AES) Position Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in AES Corp (NYSE:AES) by 237.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,025,936 shares of the utilities provider’s stock after buying an additional 722,323 shares during the quarter. Victory Capital Management Inc.’s holdings in AES were worth $18,549,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. We Are One Seven LLC acquired a new stake in shares of AES during the 4th quarter valued at approximately $30,000. Cullen Frost Bankers Inc. acquired a new stake in shares of AES during the 1st quarter valued at approximately $30,000. Covington Capital Management lifted its position in shares of AES by 55.7% during the 4th quarter. Covington Capital Management now owns 2,335 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 835 shares during the period. Liberty Wealth Management LLC acquired a new stake in shares of AES during the 1st quarter valued at approximately $36,000. Finally, Reilly Financial Advisors LLC acquired a new stake in shares of AES during the 1st quarter valued at approximately $36,000. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research cut shares of AES from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. AES currently has an average rating of “Hold” and a consensus price target of $14.50.



Shares of AES traded up $0.06 during mid-day trading on Monday, reaching $16.40. 47,980 shares of the company’s stock were exchanged, compared to its average volume of 6,964,701. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.34 and a quick ratio of 1.21. AES Corp has a 52-week low of $11.80 and a 52-week high of $18.52. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 1.56 and a beta of 1.04.

AES (NYSE:AES) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.02). AES had a return on equity of 19.05% and a net margin of 6.32%. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period last year, the business earned $0.28 earnings per share. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, equities analysts expect that AES Corp will post 1.34 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were paid a dividend of $0.1365 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 3.33%. AES’s dividend payout ratio (DPR) is 44.35%.

In other news, insider Jeffrey W. Ubben bought 2,582,000 shares of the stock in a transaction on Monday, May 13th. The stock was purchased at an average cost of $16.10 per share, with a total value of $41,570,200.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey W. Ubben bought 2,482,000 shares of the stock in a transaction on Thursday, May 9th. The stock was purchased at an average cost of $16.11 per share, with a total value of $39,985,020.00. The disclosure for this purchase can be found here. Company insiders own 1.06% of the company’s stock.

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About AES

The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also 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.

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Institutional Ownership by Quarter for AES (NYSE:AES)

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