Trexquant Investment LP Has $11.34 Million Stock Holdings in The AES Corporation $AES

Key Points

• Trexquant Investment LP significantly reduced its stake in The AES Corporation by 35.6%, now holding approximately 912,964 shares valued at $11.3 million.
• Multiple institutional investors have made changes to their positions in AES, with notable increases from firms like CVA Family Office LLC and Rothschild Investment LLC.
• AES's recent quarterly earnings report showed EPS growth at $0.51, surpassing analyst expectations, although revenue fell 3% year-over-year.

Trexquant Investment LP lowered its stake in The AES Corporation (NYSE:AES - Free Report) by 35.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 912,964 shares of the utilities provider's stock after selling 503,763 shares during the period. Trexquant Investment LP owned 0.13% of AES worth $11,339,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. OMERS ADMINISTRATION Corp boosted its stake in AES by 12.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 157,693 shares of the utilities provider's stock valued at $1,959,000 after acquiring an additional 17,722 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in AES by 3.8% in the first quarter. Gamco Investors INC. ET AL now owns 592,200 shares of the utilities provider's stock valued at $7,355,000 after acquiring an additional 21,700 shares during the last quarter. Samalin Investment Counsel LLC bought a new position in AES in the first quarter valued at approximately $152,000. Freedom Investment Management Inc. boosted its stake in AES by 19.6% in the first quarter. Freedom Investment Management Inc. now owns 35,517 shares of the utilities provider's stock valued at $441,000 after acquiring an additional 5,814 shares during the last quarter. Finally, SVB Wealth LLC bought a new position in AES in the first quarter valued at approximately $990,000. Institutional investors and hedge funds own 93.13% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Susquehanna raised their price objective 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. Citigroup reduced their price target on shares of AES from $23.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Wall Street Zen raised shares of AES from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. lifted their price target on shares of AES from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. Finally, Argus reissued a "hold" rating on shares of AES in a research report on Tuesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, AES presently has an average rating of "Moderate Buy" and a consensus price target of $24.67.

AES Stock Down 1.3%

AES stock traded down $0.18 during midday trading on Wednesday, hitting $13.23. The company's stock had a trading volume of 3,888,833 shares, compared to its average volume of 15,114,690. 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 AES Corporation has a twelve month low of $9.46 and a twelve month high of $20.30. The company's fifty day moving average price is $12.79 and its 200 day moving average price is $11.63. The stock has a market capitalization of $9.42 billion, a P/E ratio of 9.32, a PEG ratio of 1.62 and a beta of 0.92.

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 (EPS) for the quarter, beating 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 previous year, the business earned $0.38 EPS. The company's revenue was down 3.0% compared to the same quarter last year. As a group, equities research analysts predict that The AES Corporation will post 1.93 EPS for the current year.

AES Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a dividend of $0.176 per share. The ex-dividend date was Friday, August 1st. This represents a $0.70 annualized dividend and a dividend yield of 5.3%. AES's payout ratio is currently 49.30%.

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.