Allianz Asset Management GmbH Boosts Position in The AES Corporation (NYSE:AES)

Allianz Asset Management GmbH lifted its stake in The AES Corporation (NYSE:AES - Free Report) by 181.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,859 shares of the utilities provider's stock after purchasing an additional 61,838 shares during the period. Allianz Asset Management GmbH's holdings in AES were worth $1,191,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AES. FMR LLC grew its holdings in AES by 19.5% during the 4th quarter. FMR LLC now owns 49,173,626 shares of the utilities provider's stock worth $632,865,000 after acquiring an additional 8,027,426 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in AES by 35.7% during the 4th quarter. Ameriprise Financial Inc. now owns 28,571,119 shares of the utilities provider's stock worth $367,499,000 after acquiring an additional 7,519,129 shares in the last quarter. Geode Capital Management LLC grew its holdings in AES by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 16,895,678 shares of the utilities provider's stock worth $216,862,000 after acquiring an additional 381,761 shares in the last quarter. Invesco Ltd. grew its holdings in AES by 64.2% during the 4th quarter. Invesco Ltd. now owns 15,948,807 shares of the utilities provider's stock worth $205,261,000 after acquiring an additional 6,238,087 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in AES during the 4th quarter worth about $121,627,000. 93.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on AES shares. Jefferies Financial Group cut shares of AES from a "hold" rating to an "underperform" rating and dropped their target price for the stock from $10.00 to $9.00 in a report on Tuesday, May 20th. Wells Fargo & Company increased their target price on shares of AES from $108.00 to $112.00 in a report on Friday, May 2nd. Citigroup decreased their price target on shares of AES from $23.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Susquehanna increased their price target on shares of AES from $15.00 to $16.00 and gave the company a "positive" rating in a research report on Monday, July 21st. Finally, Wall Street Zen lowered shares of AES from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, AES currently has an average rating of "Moderate Buy" and a consensus target price of $24.67.

AES Stock Up 0.7%

AES stock traded up $0.09 on Friday, hitting $13.24. 19,647,472 shares of the company's stock were exchanged, compared to its average volume of 16,485,381. The stock has a market cap of $9.43 billion, a P/E ratio of 9.32, a price-to-earnings-growth ratio of 1.57 and a beta of 0.96. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.78 and a current ratio of 0.84. The firm has a 50 day moving average price of $11.63 and a two-hundred day moving average price of $11.30. The AES Corporation has a 12-month low of $9.46 and a 12-month high of $20.30.

AES (NYSE:AES - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.39 by $0.12. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.97 billion. AES had a net margin of 8.42% and a return on equity of 19.02%. AES's revenue was down 3.0% on a year-over-year basis. During the same period last year, the firm posted $0.38 EPS. As a group, equities research analysts expect that The AES Corporation will post 1.93 EPS for the current fiscal year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a $0.176 dividend. This represents a $0.70 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, August 1st. AES's dividend payout ratio (DPR) is presently 38.04%.

AES Profile

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; 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.