Russell Investments Group Ltd. Has $13.28 Million Holdings in The AES Corporation $AES

Russell Investments Group Ltd. boosted its position in shares of The AES Corporation (NYSE:AES - Free Report) by 10.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,069,155 shares of the utilities provider's stock after purchasing an additional 100,379 shares during the quarter. Russell Investments Group Ltd. owned 0.15% of AES worth $13,279,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC boosted its holdings in shares of AES by 22.3% in the first quarter. HighTower Advisors LLC now owns 1,453,840 shares of the utilities provider's stock valued at $18,057,000 after buying an additional 264,836 shares during the period. Public Sector Pension Investment Board boosted its holdings in shares of AES by 3.1% in the first quarter. Public Sector Pension Investment Board now owns 190,103 shares of the utilities provider's stock valued at $2,361,000 after buying an additional 5,643 shares during the period. Nuveen LLC acquired a new position in shares of AES in the first quarter valued at approximately $18,357,000. Entropy Technologies LP acquired a new position in shares of AES in the first quarter valued at approximately $2,140,000. Finally, Invesco Ltd. boosted its holdings in shares of AES by 30.4% in the first quarter. Invesco Ltd. now owns 20,790,956 shares of the utilities provider's stock valued at $258,224,000 after buying an additional 4,842,149 shares during the period. Institutional investors and hedge funds own 93.13% of the company's stock.

AES Stock Performance

NYSE AES traded up $0.3450 on Friday, hitting $13.3150. 1,630,012 shares of the stock were exchanged, compared to its average volume of 15,448,924. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.82 and a quick ratio of 0.74. The business's fifty day moving average is $12.35 and its 200 day moving average is $11.45. The AES Corporation has a 52 week low of $9.46 and a 52 week high of $20.30. The company has a market capitalization of $9.48 billion, a PE ratio of 9.38, a P/E/G ratio of 1.58 and a beta of 0.96.

AES (NYSE:AES - Get Free Report) last posted its quarterly 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. AES had a net margin of 8.42% and a return on equity of 19.02%. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same period in the prior year, the firm posted $0.38 earnings per share. The company's quarterly revenue was down 3.0% compared to the same quarter last year. Research analysts anticipate 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 was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a $0.176 dividend. This represents a $0.70 annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Friday, August 1st. AES's payout ratio is currently 49.30%.

Analyst Ratings Changes

A number of brokerages have recently commented on AES. Wall Street Zen raised shares of AES from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Susquehanna boosted their price objective on shares of AES from $15.00 to $16.00 and gave the stock a "positive" rating in a research report on Monday, July 21st. Jefferies Financial Group lowered shares of AES from a "hold" rating to an "underperform" rating and cut their price objective for the stock from $10.00 to $9.00 in a research report on Tuesday, May 20th. HSBC cut their price objective on shares of AES from $15.00 to $14.00 in a research report on Monday, May 5th. Finally, Wells Fargo & Company boosted their price objective on shares of AES from $108.00 to $112.00 in a research report on Friday, May 2nd. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, AES presently has an average rating of "Moderate Buy" and an average target price of $24.67.

AES Company 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.