Deutsche Bank AG Lowers Stock Holdings in The AES Corporation (NYSE:AES)

Deutsche Bank AG lowered its holdings in shares of The AES Corporation (NYSE:AES - Free Report) by 42.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,266,613 shares of the utilities provider's stock after selling 1,684,311 shares during the quarter. Deutsche Bank AG owned approximately 0.32% of AES worth $28,151,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its position in AES by 35.7% during the fourth quarter. Ameriprise Financial Inc. now owns 28,571,119 shares of the utilities provider's stock worth $367,499,000 after purchasing an additional 7,519,129 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in AES during the fourth quarter worth approximately $121,627,000. Charles Schwab Investment Management Inc. lifted its position in shares of AES by 3.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 7,134,771 shares of the utilities provider's stock valued at $88,614,000 after acquiring an additional 255,512 shares in the last quarter. Northern Trust Corp lifted its position in shares of AES by 10.6% in the fourth quarter. Northern Trust Corp now owns 6,559,912 shares of the utilities provider's stock valued at $84,426,000 after acquiring an additional 628,911 shares in the last quarter. Finally, Sound Shore Management Inc. CT lifted its position in shares of AES by 13.6% in the first quarter. Sound Shore Management Inc. CT now owns 6,097,946 shares of the utilities provider's stock valued at $75,736,000 after acquiring an additional 730,178 shares in the last quarter. Hedge funds and other institutional investors own 93.13% of the company's stock.

AES Trading Up 2.9%

AES stock traded up $0.37 during midday trading on Friday, hitting $13.31. 13,877,391 shares of the company's stock were exchanged, compared to its average volume of 15,711,141. The business has a 50-day simple moving average of $12.15 and a two-hundred day simple moving average of $11.38. The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 3.46. The stock has a market capitalization of $9.48 billion, a PE ratio of 9.37, a P/E/G ratio of 1.56 and a beta of 0.96. The AES Corporation has a 1-year low of $9.46 and a 1-year high of $20.30.

AES (NYSE:AES - Get Free Report) last posted its earnings results 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. The company had revenue of $2.86 billion during the quarter, compared to analysts' expectations of $2.97 billion. AES had a return on equity of 19.02% and a net margin of 8.42%. The firm's quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 earnings per share. On average, sell-side analysts predict that The AES Corporation will post 1.93 EPS for the current fiscal year.

AES Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.176 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $0.70 annualized dividend and a yield of 5.3%. AES's dividend payout ratio (DPR) is 49.30%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AES shares. Susquehanna raised their target price on AES from $15.00 to $16.00 and gave the company a "positive" rating in a research report on Monday, July 21st. Barclays raised their target price on AES from $12.00 to $14.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Citigroup decreased their target price on AES from $23.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Argus restated a "hold" rating on shares of AES in a research report on Tuesday, May 27th. Finally, Wall Street Zen raised AES from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, AES currently has a consensus rating of "Moderate Buy" and a consensus target price 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.