Boxwood Ventures Inc. Takes Position in The AES Corporation (NYSE:AES)

Key Points

• Boxwood Ventures Inc. has acquired 26,243 shares of The AES Corporation, valued at approximately $326,000, making it the company's 28th largest position.
• AES reported a quarterly EPS of $0.51, exceeding analysts' estimates, but its revenue of $2.86 billion fell short of expectations.
• The company announced a quarterly dividend of $0.176, yielding 5.5%, with a payout ratio of 49.30%.

Boxwood Ventures Inc. acquired a new position in The AES Corporation (NYSE:AES - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 26,243 shares of the utilities provider's stock, valued at approximately $326,000. AES makes up approximately 0.5% of Boxwood Ventures Inc.'s holdings, making the stock its 28th biggest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hexagon Capital Partners LLC boosted its stake in AES by 33.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,880 shares of the utilities provider's stock valued at $48,000 after purchasing an additional 974 shares in the last quarter. Diversify Advisory Services LLC boosted its stake in AES by 5.1% during the 1st quarter. Diversify Advisory Services LLC now owns 20,904 shares of the utilities provider's stock valued at $260,000 after purchasing an additional 1,006 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in AES by 4.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 26,290 shares of the utilities provider's stock valued at $327,000 after purchasing an additional 1,011 shares in the last quarter. Yousif Capital Management LLC boosted its stake in AES by 1.1% during the 1st quarter. Yousif Capital Management LLC now owns 94,686 shares of the utilities provider's stock valued at $1,176,000 after purchasing an additional 1,012 shares in the last quarter. Finally, Moloney Securities Asset Management LLC boosted its stake in AES by 5.0% during the 1st quarter. Moloney Securities Asset Management LLC now owns 24,752 shares of the utilities provider's stock valued at $307,000 after purchasing an additional 1,173 shares in the last quarter. 93.13% of the stock is owned by institutional investors.

AES Stock Up 1.9%

Shares of AES stock traded up $0.25 during midday trading on Friday, hitting $13.10. The company's stock had a trading volume of 6,517,891 shares, compared to its average volume of 12,384,457. The company has a quick ratio of 0.74, a current ratio of 0.82 and a debt-to-equity ratio of 3.46. The AES Corporation has a 1-year low of $9.46 and a 1-year high of $20.30. The stock has a 50-day simple moving average of $11.93 and a 200-day simple moving average of $11.34. The firm has a market capitalization of $9.33 billion, a P/E ratio of 9.23, a PEG ratio of 1.53 and a beta of 0.96.

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

AES Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a yield of 5.4%. The ex-dividend date is Friday, August 1st. AES's dividend payout ratio (DPR) is 49.30%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AES shares. Citigroup cut their price objective on AES from $23.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Wells Fargo & Company increased their price objective on AES from $108.00 to $112.00 in a research report on Friday, May 2nd. Wall Street Zen upgraded AES from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Susquehanna increased their price objective on AES from $15.00 to $16.00 and gave the company a "positive" rating in a research report on Monday, July 21st. Finally, Jefferies Financial Group downgraded AES from a "hold" rating to an "underperform" rating and cut their price objective for the company from $10.00 to $9.00 in a research report on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $24.67.

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.