State of Wisconsin Investment Board reduced its position in AES Corp (NYSE:AES) by 34.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 646,657 shares of the utilities provider’s stock after selling 333,829 shares during the period. State of Wisconsin Investment Board owned about 0.10% of AES worth $8,672,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Capital One National Association acquired a new stake in AES in the 2nd quarter valued at about $1,842,000. Aristotle Capital Management LLC lifted its position in AES by 6.1% during the first quarter. Aristotle Capital Management LLC now owns 18,490,269 shares of the utilities provider’s stock worth $210,234,000 after acquiring an additional 1,069,686 shares during the last quarter. Meeder Asset Management Inc. lifted its position in AES by 101.4% during the second quarter. Meeder Asset Management Inc. now owns 215,104 shares of the utilities provider’s stock worth $2,885,000 after acquiring an additional 108,292 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in AES by 234.0% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 360,349 shares of the utilities provider’s stock worth $4,832,000 after acquiring an additional 252,451 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in AES by 22.6% during the second quarter. Nisa Investment Advisors LLC now owns 559,954 shares of the utilities provider’s stock worth $7,509,000 after acquiring an additional 103,155 shares during the last quarter. Institutional investors and hedge funds own 94.35% of the company’s stock.

Several equities research analysts have issued reports on the stock. Scotiabank upgraded shares of AES from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, May 9th. UBS Group raised their price objective on shares of AES from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 20th. Bank of America downgraded shares of AES from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 16th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of AES from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Finally, ValuEngine upgraded shares of AES from a “hold” rating to a “buy” rating in a research report on Friday, April 27th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. AES presently has an average rating of “Hold” and an average target price of $13.00.

Shares of AES stock opened at $13.96 on Tuesday. The company has a debt-to-equity ratio of 3.24, a current ratio of 1.32 and a quick ratio of 1.18. The company has a market cap of $9.22 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of 1.44 and a beta of 1.17. AES Corp has a 12-month low of $9.86 and a 12-month high of $14.00.

AES (NYSE:AES) last issued its quarterly earnings data on Tuesday, August 7th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.03). AES had a positive return on equity of 19.26% and a negative net margin of 1.87%. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $3.41 billion. sell-side analysts anticipate that AES Corp will post 1.21 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 17th. Stockholders of record on Friday, August 3rd were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, August 2nd. This represents a $0.52 annualized dividend and a dividend yield of 3.72%. AES’s dividend payout ratio is presently 48.15%.

About AES

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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