DekaBank Deutsche Girozentrale Sells 37,273 Shares of The AES Corporation (NYSE:AES)

DekaBank Deutsche Girozentrale decreased its holdings in shares of The AES Corporation (NYSE:AES - Free Report) by 47.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,871 shares of the utilities provider's stock after selling 37,273 shares during the period. DekaBank Deutsche Girozentrale's holdings in AES were worth $503,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AES. Proficio Capital Partners LLC bought a new stake in shares of AES during the 4th quarter valued at about $402,000. AlphaQuest LLC raised its stake in AES by 18,047.1% during the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider's stock worth $79,000 after buying an additional 6,136 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in AES by 17.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 303,490 shares of the utilities provider's stock worth $3,906,000 after buying an additional 46,122 shares during the period. Daiwa Securities Group Inc. raised its stake in AES by 7.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 93,205 shares of the utilities provider's stock worth $1,200,000 after buying an additional 6,692 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in AES by 95.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,295 shares of the utilities provider's stock worth $81,000 after buying an additional 3,080 shares during the period. Institutional investors own 93.13% of the company's stock.

AES Stock Performance

Shares of AES stock traded up $0.58 during trading on Tuesday, hitting $13.16. The company's stock had a trading volume of 20,827,311 shares, compared to its average volume of 13,861,124. The business has a fifty day moving average of $11.06 and a 200-day moving average of $11.21. The AES Corporation has a 52 week low of $9.46 and a 52 week high of $20.30. The company has a market cap of $9.37 billion, a PE ratio of 7.15, a P/E/G ratio of 1.69 and a beta of 0.95. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 3.42.

AES (NYSE:AES - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.10). AES had a net margin of 10.67% and a return on equity of 18.06%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the company posted $0.60 earnings per share. AES's revenue for the quarter was down 5.2% on a year-over-year basis. As a group, research analysts anticipate that The AES Corporation will post 1.93 earnings per share for the current year.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date is Friday, August 1st. AES's payout ratio is currently 38.04%.

Wall Street Analyst Weigh In

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

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.