US Bancorp DE raised its position in AES Corp (NYSE:AES) by 9.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,569 shares of the utilities provider’s stock after purchasing an additional 1,957 shares during the period. US Bancorp DE’s holdings in AES were worth $427,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AES. Vanguard Group Inc lifted its holdings in AES by 6.1% in the 3rd quarter. Vanguard Group Inc now owns 81,854,306 shares of the utilities provider’s stock valued at $1,145,960,000 after purchasing an additional 4,727,278 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd lifted its holdings in shares of AES by 361.8% during the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 3,673,591 shares of the utilities provider’s stock worth $66,418,000 after acquiring an additional 2,878,179 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of AES by 40.6% during the 1st quarter. JPMorgan Chase & Co. now owns 5,478,822 shares of the utilities provider’s stock worth $99,056,000 after acquiring an additional 1,582,707 shares during the period. American Century Companies Inc. lifted its holdings in shares of AES by 94.8% during the 4th quarter. American Century Companies Inc. now owns 3,187,343 shares of the utilities provider’s stock worth $46,089,000 after acquiring an additional 1,550,783 shares during the period. Finally, Cookson Peirce & Co. Inc. lifted its holdings in shares of AES by 2,104.1% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,562,500 shares of the utilities provider’s stock worth $22,594,000 after acquiring an additional 1,491,610 shares during the period. Institutional investors own 93.64% of the company’s stock.

In other AES news, insider Jeffrey W. Ubben purchased 2,582,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average price of $16.10 per share, for a total transaction of $41,570,200.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey W. Ubben purchased 2,482,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was acquired at an average price of $16.11 per share, for a total transaction of $39,985,020.00. The disclosure for this purchase can be found here. Company insiders own 1.06% of the company’s stock.

Shares of AES stock traded up $0.19 during trading hours on Friday, hitting $17.05. 63,338 shares of the company were exchanged, compared to its average volume of 5,983,130. The firm has a market cap of $11.29 billion, a P/E ratio of 13.76, a PEG ratio of 1.41 and a beta of 1.06. AES Corp has a 1 year low of $12.55 and a 1 year high of $18.52. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.34 and a quick ratio of 1.21.

AES (NYSE:AES) last announced its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02). The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.47 billion. AES had a return on equity of 19.05% and a net margin of 6.32%. The company’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 earnings per share. Analysts expect that AES Corp will post 1.34 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a $0.1365 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $0.55 annualized dividend and a yield of 3.20%. AES’s payout ratio is 44.35%.

Several research analysts have recently weighed in on the stock. Argus upgraded shares of AES from a “hold” rating to a “buy” rating in a report on Wednesday, May 22nd. Zacks Investment Research upgraded shares of AES from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $14.25.

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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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