The AES Co. (NYSE:AES) Shares Acquired by First Trust Advisors LP

Posted by Defense World Staff on May 22nd, 2023

First Trust Advisors LP raised its holdings in The AES Co. (NYSE:AES – Get Rating) by 11.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 687,162 shares of the utilities provider’s stock after buying an additional 67,940 shares during the period. First Trust Advisors LP owned about 0.10% of AES worth $19,763,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Cambridge Investment Research Advisors Inc. lifted its position in shares of AES by 12.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 51,262 shares of the utilities provider’s stock worth $1,319,000 after buying an additional 5,594 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in AES by 9.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 91,659 shares of the utilities provider’s stock worth $2,358,000 after purchasing an additional 7,975 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of AES by 1.2% in the first quarter. Great West Life Assurance Co. Can now owns 309,233 shares of the utilities provider’s stock valued at $8,291,000 after buying an additional 3,755 shares during the last quarter. Yousif Capital Management LLC increased its position in AES by 2.1% in the 1st quarter. Yousif Capital Management LLC now owns 110,543 shares of the utilities provider’s stock valued at $2,844,000 after acquiring an additional 2,285 shares during the period. Finally, Cibc World Market Inc. lifted its position in AES by 24.2% during the 1st quarter. Cibc World Market Inc. now owns 22,300 shares of the utilities provider’s stock worth $574,000 after acquiring an additional 4,351 shares during the period. 95.46% of the stock is owned by institutional investors and hedge funds.

AES Trading Down 0.2 %

NYSE AES opened at $20.81 on Monday. The firm has a market capitalization of $13.93 billion, a PE ratio of -25.38, a price-to-earnings-growth ratio of 1.45 and a beta of 0.94. The company has a 50-day simple moving average of $23.18 and a 200-day simple moving average of $25.75. The AES Co. has a one year low of $18.62 and a one year high of $29.89. The company has a debt-to-equity ratio of 6.23, a quick ratio of 1.00 and a current ratio of 1.13.

AES (NYSE:AES – Get Rating) last released its quarterly earnings data on Friday, May 5th. The utilities provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). AES had a positive return on equity of 38.46% and a negative net margin of 3.59%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period last year, the business earned $0.21 EPS. The firm’s revenue was up 13.6% on a year-over-year basis. On average, equities analysts forecast that The AES Co. will post 1.73 earnings per share for the current year.

AES Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were given a $0.1659 dividend. The ex-dividend date of this dividend was Friday, April 28th. This represents a $0.66 dividend on an annualized basis and a yield of 3.19%. AES’s dividend payout ratio is presently -80.49%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AES. UBS Group lowered their price objective on shares of AES from $30.00 to $27.00 in a research report on Tuesday, May 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $32.00 price objective on shares of AES in a report on Monday, March 6th. Wolfe Research cut AES from an “outperform” rating to a “peer perform” rating in a research report on Monday, April 17th. Morgan Stanley lowered their price objective on shares of AES from $32.00 to $31.00 and set an “overweight” rating on the stock in a research note on Thursday, April 20th. Finally, StockNews.com downgraded shares of AES from a “hold” rating to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, AES has a consensus rating of “Moderate Buy” and a consensus target price of $30.30.

AES Company Profile

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The AES Corp. engages in the provision of power generation and utility services through its renewable and thermal generation facilities and distribution businesses. It operates through the following segments: U.S. and Utilities Strategic Business Unit (SBU), South America SBU, MCAC SBU, Eurasia SBU. The U.S.