Whittier Trust Co. of Nevada Inc. Trims Stake in The AES Corporation (NYSE:AES)

Whittier Trust Co. of Nevada Inc. decreased its position in shares of The AES Corporation (NYSE:AES - Free Report) by 32.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 45,210 shares of the utilities provider's stock after selling 22,204 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in AES were worth $561,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Optiver Holding B.V. boosted its stake in AES by 79.5% in the 4th quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock worth $35,000 after purchasing an additional 1,201 shares during the period. Garde Capital Inc. purchased a new stake in shares of AES in the 1st quarter valued at about $35,000. CVA Family Office LLC raised its holdings in shares of AES by 200.6% in the 1st quarter. CVA Family Office LLC now owns 3,250 shares of the utilities provider's stock valued at $40,000 after acquiring an additional 2,169 shares in the last quarter. McIlrath & Eck LLC raised its holdings in shares of 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 acquiring an additional 2,958 shares in the last quarter. Finally, Rothschild Investment LLC raised its holdings in shares of AES by 235.4% during 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 in the last quarter. Institutional investors own 93.13% of the company's stock.

AES Price Performance

Shares of NYSE AES traded up $0.17 during mid-day trading on Friday, reaching $13.36. The company's stock had a trading volume of 9,221,144 shares, compared to its average volume of 13,893,894. The firm has a market capitalization of $9.51 billion, a PE ratio of 7.26, a P/E/G ratio of 1.77 and a beta of 0.95. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.84 and a quick ratio of 0.78. The stock has a fifty day moving average of $11.21 and a two-hundred day moving average of $11.23. The AES Corporation has a 52 week low of $9.46 and a 52 week high of $20.30.

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

AES Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a $0.176 dividend. This represents a $0.70 annualized dividend and a dividend yield of 5.27%. The ex-dividend date of this dividend is Friday, August 1st. AES's payout ratio is 38.04%.

Analyst Ratings Changes

Several equities analysts recently issued reports on AES shares. Jefferies Financial Group lowered AES from a "hold" rating to an "underperform" rating and reduced their price target for the stock from $10.00 to $9.00 in a research report on Tuesday, May 20th. Wells Fargo & Company raised their target price on AES from $108.00 to $112.00 in a research note on Friday, May 2nd. HSBC lowered their price objective on AES from $15.00 to $14.00 in a research note on Monday, May 5th. 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. Finally, Argus reiterated a "hold" rating on shares of AES in a research note on Tuesday, May 27th. Three analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.22.

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.