The AES Corporation $AES Shares Sold by Clayton Partners LLC

Key Points

• Clayton Partners LLC reduced its stake in The AES Corporation by 13.3%, owning 161,193 shares after selling 24,729 shares in the first quarter, which makes AES approximately 1.7% of their investment portfolio.
• Several institutional investors modified their holdings in AES, with some increasing their stakes significantly, contributing to a total institutional ownership of 93.13% of the company's stock.
• AES reported $0.51 earnings per share for the last quarter, exceeding expectations, but its revenue declined by 3.0% year-over-year to $2.86 billion.

Clayton Partners LLC lowered its stake in shares of The AES Corporation (NYSE:AES - Free Report) by 13.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 161,193 shares of the utilities provider's stock after selling 24,729 shares during the period. AES makes up approximately 1.7% of Clayton Partners LLC's investment portfolio, making the stock its 28th largest position. Clayton Partners LLC's holdings in AES were worth $2,002,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Garde Capital Inc. purchased a new stake in AES during the 1st quarter worth approximately $35,000. CVA Family Office LLC grew its stake in AES by 200.6% during the 1st 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 purchased a new stake in AES during the 1st quarter worth about $40,000. McIlrath & Eck LLC raised its position in AES by 760.4% in the 4th quarter. McIlrath & Eck LLC now owns 3,347 shares of the utilities provider's stock valued at $43,000 after purchasing an additional 2,958 shares in the last quarter. Finally, Rothschild Investment LLC boosted its stake in shares of AES by 235.4% in the 1st quarter. Rothschild Investment LLC now owns 3,595 shares of the utilities provider's stock valued at $45,000 after buying an additional 2,523 shares during the period. 93.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AES shares. Barclays lifted their price target on shares of AES from $12.00 to $14.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Argus restated a "hold" rating on shares of AES in a research note on Tuesday, May 27th. Wall Street Zen raised AES from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. boosted their target price on AES from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Finally, Jefferies Financial Group cut shares of AES from a "hold" rating to an "underperform" rating and lowered their target price for the company from $10.00 to $9.00 in a report on Tuesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, AES has an average rating of "Moderate Buy" and a consensus price target of $24.67.

AES Trading Down 1.0%

Shares of NYSE AES traded down $0.14 during midday trading on Tuesday, reaching $13.40. 4,462,709 shares of the stock were exchanged, compared to its average volume of 15,161,604. The company has a market capitalization of $9.54 billion, a P/E ratio of 9.44, a P/E/G ratio of 1.62 and a beta of 0.92. 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 AES Corporation has a 52-week low of $9.46 and a 52-week high of $20.30. The stock has a 50 day moving average price of $12.73 and a 200-day moving average price of $11.62.

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

AES Dividend Announcement

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

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.