State of Alaska Department of Revenue Buys 5,066 Shares of AES Corp (AES)

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State of Alaska Department of Revenue increased its stake in shares of AES Corp (NYSE:AES) by 4.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 118,662 shares of the utilities provider’s stock after purchasing an additional 5,066 shares during the period. State of Alaska Department of Revenue’s holdings in AES were worth $2,143,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of AES. Arcadia Investment Management Corp MI purchased a new stake in AES during the 4th quarter worth about $29,000. We Are One Seven LLC purchased a new stake in AES during the 4th quarter worth about $30,000. Covington Capital Management lifted its holdings in AES by 55.7% during the 4th quarter. Covington Capital Management now owns 2,335 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 835 shares in the last quarter. IMS Capital Management purchased a new stake in AES during the 3rd quarter worth about $52,000. Finally, North Star Investment Management Corp. raised its holdings in shares of AES by 22.8% in the 4th quarter. North Star Investment Management Corp. now owns 4,476 shares of the utilities provider’s stock valued at $65,000 after acquiring an additional 831 shares in the last quarter. 93.54% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research raised AES from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.00.

NYSE:AES opened at $17.83 on Wednesday. AES Corp has a twelve month low of $11.46 and a twelve month high of $18.52. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 1.74 and a beta of 1.09. The company has a debt-to-equity ratio of 3.15, a quick ratio of 1.01 and a current ratio of 1.14.

AES (NYSE:AES) last released its quarterly earnings results on Wednesday, February 27th. The utilities provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. AES had a return on equity of 19.43% and a net margin of 11.20%. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter last year, the firm posted $0.43 EPS. The company’s revenue was down .8% compared to the same quarter last year. As a group, research analysts expect that AES Corp will post 1.33 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.1365 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.55 annualized dividend and a dividend yield of 3.06%. AES’s payout ratio is currently 44.35%.

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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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