Teacher Retirement System of Texas Invests $2.70 Million in The AES Corporation (NYSE:AES)

Teacher Retirement System of Texas purchased a new stake in The AES Corporation (NYSE:AES - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 216,978 shares of the utilities provider's stock, valued at approximately $2,695,000.

A number of other hedge funds also recently made changes to their positions in the stock. Yousif Capital Management LLC boosted its stake in shares of AES by 1.1% in 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. Optiver Holding B.V. boosted its stake in shares of AES by 79.5% in the 4th quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 1,201 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in shares of AES by 1.6% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 85,866 shares of the utilities provider's stock valued at $1,095,000 after purchasing an additional 1,382 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its stake in shares of AES by 11.4% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 14,082 shares of the utilities provider's stock valued at $181,000 after purchasing an additional 1,436 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of AES by 0.7% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 222,539 shares of the utilities provider's stock valued at $2,864,000 after purchasing an additional 1,575 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AES shares. HSBC reduced their price target on shares of AES from $15.00 to $14.00 in a research note on Monday, May 5th. Wells Fargo & Company raised their price objective on shares of AES from $108.00 to $112.00 in a report on Friday, May 2nd. JPMorgan Chase & Co. dropped their price objective on shares of AES from $16.00 to $14.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Argus reiterated a "hold" rating on shares of AES in a report on Tuesday, May 27th. Finally, Jefferies Financial Group lowered shares of AES from a "hold" rating to an "underperform" rating and dropped their price objective for the company from $10.00 to $9.00 in a report on Tuesday, May 20th. Three analysts have rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.22.

AES Trading Up 1.6%

AES stock traded up $0.20 during mid-day trading on Friday, hitting $12.61. 20,985,247 shares of the stock were exchanged, compared to its average volume of 13,825,333. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 3.42. The AES Corporation has a 12 month low of $9.46 and a 12 month high of $20.30. The firm's fifty day simple moving average is $10.96 and its two-hundred day simple moving average is $11.21. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 6.85, a PEG ratio of 1.69 and a beta of 0.95.

AES (NYSE:AES - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.10). AES had a return on equity of 18.06% and a net margin of 10.67%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the business posted $0.60 EPS. The firm's revenue for the quarter was down 5.2% compared to the same quarter last year. Analysts forecast that The AES Corporation will post 1.93 EPS for the current year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a dividend yield of 5.58%. AES's dividend payout ratio (DPR) is 38.04%.

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.