Texas Permanent School Fund Acquires 697 Shares of The AES Co. (NYSE:AES)

Texas Permanent School Fund increased its holdings in shares of The AES Co. (NYSE:AESGet Rating) by 0.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 87,175 shares of the utilities provider’s stock after purchasing an additional 697 shares during the period. Texas Permanent School Fund’s holdings in AES were worth $1,832,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elequin Capital LP bought a new stake in shares of AES during the first quarter worth approximately $25,000. CX Institutional bought a new stake in shares of AES during the second quarter worth approximately $26,000. Clear Street Markets LLC boosted its holdings in shares of AES by 411.7% during the second quarter. Clear Street Markets LLC now owns 1,397 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 1,124 shares during the period. Capital Advisors Ltd. LLC boosted its holdings in shares of AES by 157.9% during the first quarter. Capital Advisors Ltd. LLC now owns 1,777 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 1,088 shares during the period. Finally, Krane Funds Advisors LLC bought a new stake in shares of AES during the first quarter worth approximately $60,000. Institutional investors own 95.25% of the company’s stock.

AES Stock Up 0.6 %

Shares of AES opened at $27.96 on Thursday. The AES Co. has a one year low of $18.62 and a one year high of $28.57. The company has a market cap of $18.68 billion, a P/E ratio of -59.49, a P/E/G ratio of 2.10 and a beta of 0.97. The company has a debt-to-equity ratio of 4.37, a current ratio of 1.29 and a quick ratio of 1.12. The firm has a 50 day simple moving average of $25.47 and a two-hundred day simple moving average of $23.26.

AES (NYSE:AESGet Rating) last announced its quarterly earnings results on Friday, November 4th. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.10. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $2.93 billion. AES had a negative net margin of 1.88% and a positive return on equity of 36.60%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 earnings per share. Research analysts forecast that The AES Co. will post 1.62 EPS for the current fiscal year.

AES Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st were paid a $0.158 dividend. The ex-dividend date of this dividend was Monday, October 31st. This represents a $0.63 annualized dividend and a dividend yield of 2.26%. AES’s dividend payout ratio is -134.04%.

Analyst Upgrades and Downgrades

AES has been the subject of a number of analyst reports. Morgan Stanley lifted their price target on shares of AES from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, November 11th. Citigroup lifted their price target on shares of AES from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, November 9th. Susquehanna Bancshares lifted their price target on shares of AES from $30.00 to $33.00 in a research report on Monday, November 7th. Susquehanna lifted their price target on shares of AES from $30.00 to $33.00 in a research report on Monday, November 7th. Finally, Credit Suisse Group lifted their price target on shares of AES from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, October 19th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.67.

About AES

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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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