Toronto Dominion Bank Has $2.76 Million Stake in The AES Corporation (AES)
Toronto Dominion Bank increased its holdings in The AES Corporation (NYSE:AES) by 12.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,446 shares of the utilities provider’s stock after buying an additional 26,827 shares during the period. Toronto Dominion Bank’s holdings in The AES Corporation were worth $2,759,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in AES. Assenagon Asset Management S.A. acquired a new stake in shares of The AES Corporation in the third quarter valued at approximately $21,256,000. Parametric Portfolio Associates LLC raised its position in shares of The AES Corporation by 60.6% in the second quarter. Parametric Portfolio Associates LLC now owns 2,756,793 shares of the utilities provider’s stock valued at $30,628,000 after buying an additional 1,040,302 shares in the last quarter. Teachers Advisors LLC increased its stake in The AES Corporation by 75.9% in the second quarter. Teachers Advisors LLC now owns 1,593,300 shares of the utilities provider’s stock valued at $17,702,000 after acquiring an additional 687,604 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its stake in The AES Corporation by 5.7% in the second quarter. Thompson Siegel & Walmsley LLC now owns 9,976,647 shares of the utilities provider’s stock valued at $110,841,000 after acquiring an additional 541,021 shares during the last quarter. Finally, Quantitative Investment Management LLC bought a new position in The AES Corporation in the second quarter valued at approximately $5,339,000. Institutional investors own 96.54% of the company’s stock.
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Shares of The AES Corporation (NYSE AES) opened at $10.63 on Wednesday. The firm has a market cap of $7,000.10, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 1.27 and a beta of 1.22. The AES Corporation has a one year low of $10.00 and a one year high of $12.47. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.89 and a current ratio of 0.99.
The AES Corporation (NYSE:AES) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.63 billion. The AES Corporation had a positive return on equity of 15.14% and a negative net margin of 5.43%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. sell-side analysts expect that The AES Corporation will post 1.02 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.52%. The AES Corporation’s payout ratio is presently -41.03%.
In other The AES Corporation news, COO Santos Bernerd Da purchased 4,700 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were bought at an average price of $10.60 per share, for a total transaction of $49,820.00. Following the completion of the acquisition, the chief operating officer now owns 96,186 shares in the company, valued at $1,019,571.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andres Gluski purchased 24,632 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were acquired at an average price of $10.17 per share, for a total transaction of $250,507.44. Following the acquisition, the insider now owns 868,396 shares of the company’s stock, valued at approximately $8,831,587.32. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 38,832 shares of company stock worth $401,407. 1.09% of the stock is owned by company insiders.
AES has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of The AES Corporation from a “buy” rating to a “sell” rating in a research note on Monday, September 11th. Morgan Stanley reissued an “equal weight” rating on shares of The AES Corporation in a research note on Friday, September 8th. ValuEngine raised shares of The AES Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $15.00 price objective on shares of The AES Corporation in a research note on Wednesday, September 13th. Finally, Bank of America Corporation raised shares of The AES Corporation from an “underperform” rating to a “neutral” rating and set a $11.50 price objective on the stock in a research note on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The AES Corporation has an average rating of “Hold” and an average target price of $12.75.
The AES Corporation Profile
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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