The AES Corporation (AES) Position Trimmed by Corbyn Investment Management Inc. MD
Corbyn Investment Management Inc. MD decreased its position in shares of The AES Corporation (NYSE:AES) by 15.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 770,640 shares of the utilities provider’s stock after selling 137,575 shares during the quarter. The AES Corporation accounts for approximately 2.7% of Corbyn Investment Management Inc. MD’s investment portfolio, making the stock its 17th largest position. Corbyn Investment Management Inc. MD owned 0.12% of The AES Corporation worth $8,492,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northern Capital Management LLC lifted its position in The AES Corporation by 21.3% during the second quarter. Northern Capital Management LLC now owns 93,000 shares of the utilities provider’s stock worth $1,033,000 after purchasing an additional 16,350 shares during the period. Thompson Siegel & Walmsley LLC raised its stake in The AES Corporation by 5.7% during the second quarter. Thompson Siegel & Walmsley LLC now owns 9,976,647 shares of the utilities provider’s stock worth $110,841,000 after acquiring an additional 541,021 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in The AES Corporation by 14.1% during the second quarter. Xact Kapitalforvaltning AB now owns 50,698 shares of the utilities provider’s stock worth $563,000 after acquiring an additional 6,283 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in The AES Corporation by 9.4% during the first quarter. Tudor Investment Corp ET AL now owns 37,200 shares of the utilities provider’s stock worth $416,000 after acquiring an additional 3,200 shares in the last quarter. Finally, Nationwide Fund Advisors raised its stake in The AES Corporation by 9.7% during the second quarter. Nationwide Fund Advisors now owns 1,152,274 shares of the utilities provider’s stock worth $12,802,000 after acquiring an additional 102,083 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.
Shares of The AES Corporation (NYSE:AES) traded down $0.07 during mid-day trading on Friday, reaching $10.23. The company had a trading volume of 26,490,398 shares, compared to its average volume of 5,290,420. The AES Corporation has a 1-year low of $10.00 and a 1-year high of $12.47. The company has a market capitalization of $6,801.98, a PE ratio of 10.20, a PEG ratio of 1.04 and a beta of 1.22. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.99 and a quick ratio of 0.89.
The AES Corporation (NYSE:AES) last announced its earnings results on Thursday, November 2nd. The utilities provider reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.05). The AES Corporation had a negative net margin of 5.43% and a positive return on equity of 15.14%. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the previous year, the company earned $0.32 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. sell-side analysts predict that The AES Corporation will post 1.02 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend is Tuesday, October 31st. The AES Corporation’s payout ratio is presently -41.03%.
Several research analysts have commented on the company. SunTrust Banks, Inc. reissued a “buy” rating and set a $15.00 target price on shares of The AES Corporation in a research note on Wednesday, September 13th. Morgan Stanley reissued an “equal weight” rating on shares of The AES Corporation in a research note on Friday, September 8th. Zacks Investment Research raised The AES Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Thursday, August 17th. BidaskClub downgraded The AES Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $12.00 price objective on shares of The AES Corporation in a research note on Monday, September 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $12.63.
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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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