The AES Corporation (NYSE:AES) Stock Holdings Decreased by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. has reduced its stake in The AES Corporation by 33.8%, selling 354,182 shares, and now owns about 0.10% of the company valued at $8.6 million.
• The AES Corporation recently announced a quarterly dividend of $0.176 per share, reflecting a yield of 5.5%, with a payout ratio of 49.3%.
• AES reported earnings of $0.51 EPS for the last quarter, exceeding analysts' expectations, although its revenue declined by 3.0% year-over-year.

Mitsubishi UFJ Asset Management Co. Ltd. lessened its stake in The AES Corporation (NYSE:AES - Free Report) by 33.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 694,134 shares of the utilities provider's stock after selling 354,182 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.10% of AES worth $8,621,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Optiver Holding B.V. increased its stake in AES by 79.5% during the 4th quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock worth $35,000 after buying an additional 1,201 shares in the last quarter. Garde Capital Inc. acquired a new position in AES in the first quarter valued at approximately $35,000. CVA Family Office LLC lifted its stake in AES by 200.6% during the first quarter. CVA Family Office LLC now owns 3,250 shares of the utilities provider's stock worth $40,000 after purchasing an additional 2,169 shares in the last quarter. Headlands Technologies LLC acquired a new position in AES during the first quarter worth $40,000. Finally, McIlrath & Eck LLC lifted its stake in AES by 760.4% during the fourth quarter. McIlrath & Eck LLC now owns 3,347 shares of the utilities provider's stock worth $43,000 after purchasing an additional 2,958 shares in the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Stock Up 2.9%

Shares of NYSE:AES traded up $0.37 during midday trading on Friday, hitting $13.31. 13,877,391 shares of the company's stock traded hands, compared to its average volume of 9,762,270. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.74 and a current ratio of 0.82. The company has a market cap of $9.48 billion, a PE ratio of 9.37, a P/E/G ratio of 1.55 and a beta of 0.96. The firm's fifty day moving average price is $12.19 and its two-hundred day moving average price is $11.39. The AES Corporation has a twelve month low of $9.46 and a twelve month 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 for the quarter, beating the consensus estimate of $0.39 by $0.12. AES had a net margin of 8.42% and a return on equity of 19.02%. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the previous year, the business posted $0.38 EPS. The business's quarterly revenue was down 3.0% on a year-over-year basis. On average, equities research analysts anticipate that The AES Corporation will post 1.93 EPS for the current fiscal year.

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a $0.176 dividend. The ex-dividend date was Friday, August 1st. This represents a $0.70 dividend on an annualized basis and a yield of 5.3%. AES's payout ratio is currently 49.30%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AES shares. Citigroup dropped their target price on AES from $23.00 to $14.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Barclays raised their price objective on shares of AES from $12.00 to $14.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their price target on shares of AES from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Wall Street Zen raised shares of AES from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, HSBC lowered their target price on shares of AES from $15.00 to $14.00 in a research note on Monday, May 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, AES currently has an average rating of "Moderate Buy" and an average price target of $24.67.

About AES

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.