Vale S.A. (NYSE:VALE) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in shares of Vale S.A. (NYSE:VALE) by 70.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,803,530 shares of the basic materials company’s stock after acquiring an additional 1,154,001 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.06% of Vale worth $23,731,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in VALE. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Vale by 5.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 733,082 shares of the basic materials company’s stock worth $11,568,000 after buying an additional 38,202 shares during the last quarter. AE Wealth Management LLC lifted its position in shares of Vale by 19.2% in the 1st quarter. AE Wealth Management LLC now owns 313,307 shares of the basic materials company’s stock worth $4,944,000 after buying an additional 50,402 shares during the last quarter. Banque Cantonale Vaudoise lifted its position in shares of Vale by 33.7% in the 1st quarter. Banque Cantonale Vaudoise now owns 26,980 shares of the basic materials company’s stock worth $425,000 after buying an additional 6,800 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of Vale by 9.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 96,094 shares of the basic materials company’s stock worth $1,631,000 after buying an additional 7,911 shares during the last quarter. Finally, Lincoln National Corp lifted its position in Vale by 6.1% in the 1st quarter. Lincoln National Corp now owns 60,668 shares of the basic materials company’s stock valued at $957,000 after purchasing an additional 3,503 shares during the last quarter. 16.90% of the stock is currently owned by institutional investors.

Vale Price Performance

NYSE VALE opened at $13.16 on Friday. Vale S.A. has a 12-month low of $11.72 and a 12-month high of $19.31. The stock has a market capitalization of $59.00 billion, a PE ratio of 5.46 and a beta of 0.86. The company has a quick ratio of 0.76, a current ratio of 1.15 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average price of $13.59 and a two-hundred day moving average price of $14.49.

Vale (NYSE:VALE) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.33). The business had revenue of $9.67 billion during the quarter, compared to the consensus estimate of $9.82 billion. Vale had a net margin of 27.29% and a return on equity of 28.86%. As a group, equities analysts predict that Vale S.A. will post 1.89 earnings per share for the current fiscal year.

Vale Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, September 11th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.4056 per share. This is a boost from Vale’s previous semi-annual dividend of $0.35. This represents a yield of 5.1%. The ex-dividend date of this dividend is Monday, August 14th. Vale’s payout ratio is currently 28.63%.

Analyst Upgrades and Downgrades

VALE has been the topic of several recent research reports. Jefferies Financial Group lifted their price objective on shares of Vale from $16.00 to $18.00 in a research report on Friday, July 28th. BNP Paribas cut shares of Vale from a “neutral” rating to an “underperform” rating and set a $13.20 target price on the stock. in a research note on Wednesday, June 28th. Morgan Stanley lowered their target price on shares of Vale from $18.00 to $17.00 in a research note on Wednesday, June 21st. Wolfe Research raised shares of Vale from a “peer perform” rating to an “outperform” rating and set a $17.00 target price on the stock in a research note on Tuesday, July 11th. Finally, StockNews.com began coverage on shares of Vale in a research note on Thursday, August 17th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.97.

About Vale

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.