TD Asset Management Inc Sells 82,055 Shares of The AES Corporation (NYSE:AES)

TD Asset Management Inc trimmed its stake in The AES Corporation (NYSE:AES - Free Report) by 35.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 148,355 shares of the utilities provider's stock after selling 82,055 shares during the quarter. TD Asset Management Inc's holdings in AES were worth $1,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Hexagon Capital Partners LLC raised its holdings in shares of AES by 33.5% during the first quarter. Hexagon Capital Partners LLC now owns 3,880 shares of the utilities provider's stock valued at $48,000 after acquiring an additional 974 shares in the last quarter. Diversify Advisory Services LLC grew its holdings in shares of AES by 5.1% during the first quarter. Diversify Advisory Services LLC now owns 20,904 shares of the utilities provider's stock valued at $260,000 after buying an additional 1,006 shares during the last quarter. Kestra Private Wealth Services LLC boosted its position in shares of AES by 4.0% during the first quarter. Kestra Private Wealth Services LLC now owns 26,290 shares of the utilities provider's stock valued at $327,000 after buying an additional 1,011 shares during the last quarter. Yousif Capital Management LLC lifted its position in AES by 1.1% during the first 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 during the period. Finally, Moloney Securities Asset Management LLC lifted its stake in shares of AES by 5.0% in the 1st quarter. Moloney Securities Asset Management LLC now owns 24,752 shares of the utilities provider's stock worth $307,000 after purchasing an additional 1,173 shares during the period. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on AES. Wall Street Zen upgraded shares of AES from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Argus reiterated a "hold" rating on shares of AES in a research report on Tuesday, May 27th. Wells Fargo & Company upped their price target on shares of AES from $108.00 to $112.00 in a report on Friday, May 2nd. Susquehanna lifted their price target on shares of AES from $15.00 to $16.00 and gave the company a "positive" rating in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. upped their target price on AES from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.67.

AES Stock Down 0.0%

NYSE:AES traded down $0.01 during mid-day trading on Thursday, reaching $12.84. The stock had a trading volume of 3,898,484 shares, compared to its average volume of 16,023,486. The stock's 50 day simple moving average is $11.82 and its two-hundred day simple moving average is $11.32. The AES Corporation has a 1-year low of $9.46 and a 1-year high of $20.30. The company has a market capitalization of $9.14 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 1.52 and a beta of 0.96. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.82 and a quick ratio of 0.74.

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

AES Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a $0.176 dividend. This represents a $0.70 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Friday, August 1st. AES's dividend payout ratio is presently 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.