Dimensional Fund Advisors LP boosted its stake in shares of The AES Corporation (NYSE:AES) by 0.9% during the first quarter, Holdings Channel reports. The fund owned 1,776,925 shares of the utilities provider’s stock after buying an additional 16,442 shares during the period. Dimensional Fund Advisors LP’s holdings in The AES Corporation were worth $19,864,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of The AES Corporation by 4.6% in the first quarter. Vanguard Group Inc. now owns 77,076,177 shares of the utilities provider’s stock valued at $861,713,000 after buying an additional 3,406,863 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of The AES Corporation by 29.1% in the first quarter. Bank of New York Mellon Corp now owns 11,702,896 shares of the utilities provider’s stock valued at $130,838,000 after buying an additional 2,638,095 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of The AES Corporation by 28.1% in the first quarter. Prudential Financial Inc. now owns 9,761,070 shares of the utilities provider’s stock valued at $109,129,000 after buying an additional 2,142,100 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in shares of The AES Corporation by 253.8% in the first quarter. OppenheimerFunds Inc. now owns 2,138,309 shares of the utilities provider’s stock valued at $23,906,000 after buying an additional 1,534,005 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of The AES Corporation by 70.0% in the first quarter. Canada Pension Plan Investment Board now owns 2,754,019 shares of the utilities provider’s stock valued at $30,790,000 after buying an additional 1,133,600 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

The AES Corporation (AES) traded down 2.46% during midday trading on Friday, reaching $11.10. The company had a trading volume of 4,799,981 shares. The AES Corporation has a 52-week low of $10.60 and a 52-week high of $13.32. The company’s 50-day moving average is $11.17 and its 200 day moving average is $11.37. The company’s market cap is $7.33 billion.

The AES Corporation (NYSE:AES) last released its quarterly earnings results on Tuesday, August 8th. The utilities provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The AES Corporation had a positive return on equity of 15.86% and a negative net margin of 5.30%. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the previous year, the company posted $0.17 EPS. The business’s revenue was up 7.5% on a year-over-year basis. On average, equities research analysts forecast that The AES Corporation will post $1.05 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd will be given a $0.12 dividend. The ex-dividend date is Tuesday, August 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.32%. The AES Corporation’s dividend payout ratio (DPR) is presently -42.10%.

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AES has been the subject of several analyst reports. Zacks Investment Research upgraded The AES Corporation from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Wednesday, July 12th. BidaskClub lowered The AES Corporation from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Morgan Stanley restated an “equal weight” rating on shares of The AES Corporation in a report on Monday, July 10th. Finally, ValuEngine lowered The AES Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $11.75.

About The AES Corporation

The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.

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Institutional Ownership by Quarter for The AES Corporation (NYSE:AES)

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