Texas Permanent School Fund Purchases 6,018 Shares of The AES Co. (NYSE:AES)

Texas Permanent School Fund lifted its position in The AES Co. (NYSE:AESGet Rating) by 6.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,193 shares of the utilities provider’s stock after buying an additional 6,018 shares during the quarter. Texas Permanent School Fund’s holdings in AES were worth $2,106,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in AES by 1.6% during the first quarter. Vanguard Group Inc. now owns 83,790,219 shares of the utilities provider’s stock worth $2,155,923,000 after purchasing an additional 1,285,423 shares during the period. Capital World Investors boosted its position in AES by 16.3% during the first quarter. Capital World Investors now owns 64,885,769 shares of the utilities provider’s stock worth $1,669,511,000 after purchasing an additional 9,070,170 shares during the period. FMR LLC boosted its position in AES by 12.9% during the second quarter. FMR LLC now owns 36,687,443 shares of the utilities provider’s stock worth $770,804,000 after purchasing an additional 4,194,730 shares during the period. State Street Corp boosted its position in AES by 3.2% during the second quarter. State Street Corp now owns 34,378,277 shares of the utilities provider’s stock worth $722,288,000 after purchasing an additional 1,053,950 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in AES by 1.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 11,082,094 shares of the utilities provider’s stock worth $232,835,000 after purchasing an additional 195,354 shares during the period. Institutional investors own 95.46% of the company’s stock.

AES Stock Performance

Shares of NYSE AES opened at $27.25 on Tuesday. The business has a fifty day simple moving average of $27.98 and a 200 day simple moving average of $25.28. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 4.37. The firm has a market capitalization of $18.20 billion, a price-to-earnings ratio of -57.98, a PEG ratio of 1.76 and a beta of 0.97. The AES Co. has a one year low of $18.62 and a one year high of $29.89.

AES (NYSE:AESGet Rating) last issued its earnings results on Friday, November 4th. The utilities provider reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.09. AES had a positive return on equity of 36.60% and a negative net margin of 1.88%. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same period in the prior year, the company posted $0.50 earnings per share. AES’s revenue was up 19.5% on a year-over-year basis. Sell-side analysts expect that The AES Co. will post 1.64 EPS for the current year.

AES Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 1st will be paid a dividend of $0.1659 per share. This is a positive change from AES’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Tuesday, January 31st. AES’s dividend payout ratio is currently -134.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AES shares. Morgan Stanley upped their target price on AES from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, November 11th. TheStreet upgraded AES from a “c” rating to a “b” rating in a report on Friday, November 4th. Citigroup upped their price target on AES from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, November 9th. Credit Suisse Group upped their price target on AES from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, October 19th. Finally, UBS Group upped their price target on AES from $28.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 29th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, AES presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.89.

Insiders Place Their Bets

In other AES news, CEO Andres Gluski sold 748,625 shares of the stock in a transaction on Wednesday, December 28th. The stock was sold at an average price of $28.43, for a total transaction of $21,283,408.75. Following the completion of the transaction, the chief executive officer now directly owns 1,285,504 shares in the company, valued at $36,546,878.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.77% of the company’s stock.

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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