ProShare Advisors LLC Purchases 4,663 Shares of The AES Co. (NYSE:AES)

ProShare Advisors LLC increased its position in shares of The AES Co. (NYSE:AES) by 2.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 172,417 shares of the utilities provider’s stock after buying an additional 4,663 shares during the period. ProShare Advisors LLC’s holdings in AES were worth $3,029,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of AES. DekaBank Deutsche Girozentrale grew its position in shares of AES by 161.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 107,016 shares of the utilities provider’s stock valued at $2,035,000 after purchasing an additional 66,145 shares during the last quarter. Empowered Funds LLC grew its holdings in AES by 1.9% in the 1st quarter. Empowered Funds LLC now owns 124,745 shares of the utilities provider’s stock valued at $2,237,000 after buying an additional 2,273 shares during the last quarter. SG Americas Securities LLC increased its position in AES by 735.2% in the 1st quarter. SG Americas Securities LLC now owns 617,387 shares of the utilities provider’s stock worth $11,070,000 after buying an additional 543,464 shares during the period. New Century Financial Group LLC acquired a new position in shares of AES during the first quarter worth approximately $1,235,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of AES by 20.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 839,343 shares of the utilities provider’s stock worth $15,049,000 after acquiring an additional 140,610 shares during the last quarter. Institutional investors own 93.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on AES. Evercore ISI upgraded shares of AES to a “strong-buy” rating in a research note on Wednesday, September 18th. Jefferies Financial Group started coverage on AES in a research note on Wednesday, September 11th. They set a “buy” rating and a $20.00 price target on the stock. Finally, Barclays reduced their price objective on AES from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.50.

AES Trading Up 0.5 %

AES stock opened at $19.63 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 3.63. The firm has a market cap of $13.95 billion, a P/E ratio of 27.26 and a beta of 1.07. The AES Co. has a 1-year low of $11.43 and a 1-year high of $22.21. The business’s 50 day moving average is $17.58 and its 200-day moving average is $18.10.

AES (NYSE:AES) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. AES had a return on equity of 32.74% and a net margin of 6.07%. The company had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.22 billion. During the same period last year, the business earned $0.21 earnings per share. The business’s revenue was down 2.8% on a year-over-year basis. Equities analysts anticipate that The AES Co. will post 1.9 earnings per share for the current fiscal year.

AES Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date was Thursday, August 1st. AES’s dividend payout ratio (DPR) is currently 95.83%.

AES Profile

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; 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.