Whittier Trust Co. Sells 32,905 Shares of The AES Corporation (NYSE:AES)

Whittier Trust Co. cut its holdings in shares of The AES Corporation (NYSE:AES - Free Report) by 31.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,388 shares of the utilities provider's stock after selling 32,905 shares during the period. Whittier Trust Co.'s holdings in AES were worth $874,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in AES in the 4th quarter valued at about $402,000. AlphaQuest LLC raised its stake in shares of AES by 18,047.1% during the fourth quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider's stock valued at $79,000 after acquiring an additional 6,136 shares during the last quarter. Avantax Advisory Services Inc. increased its position in shares of AES by 6.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 44,558 shares of the utilities provider's stock valued at $573,000 after buying an additional 2,558 shares during the period. Commonwealth Equity Services LLC boosted its stake in AES by 25.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 89,765 shares of the utilities provider's stock worth $1,155,000 after acquiring an additional 18,157 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in AES by 4.0% during the fourth quarter. Natixis Advisors LLC now owns 68,459 shares of the utilities provider's stock valued at $881,000 after purchasing an additional 2,634 shares during the period. 93.13% of the stock is currently owned by institutional investors.

AES Stock Performance

AES stock opened at $13.19 on Friday. The firm has a market cap of $9.39 billion, a PE ratio of 7.17, a price-to-earnings-growth ratio of 1.75 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. The AES Corporation has a 1-year low of $9.46 and a 1-year high of $20.30. The stock has a 50-day moving average price of $11.17 and a 200-day moving average price of $11.22.

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

AES Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, August 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.34%. AES's dividend payout ratio (DPR) is presently 38.04%.

Wall Street Analyst Weigh In

AES has been the subject of several research reports. Jefferies Financial Group lowered shares of AES from a "hold" rating to an "underperform" rating and lowered their price objective for the company from $10.00 to $9.00 in a research report on Tuesday, May 20th. Wells Fargo & Company upped their target price on shares of AES from $108.00 to $112.00 in a report on Friday, May 2nd. Argus reaffirmed a "hold" rating on shares of AES in a research report on Tuesday, May 27th. Citigroup dropped their price target on shares of AES from $23.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, HSBC decreased their price target on AES from $15.00 to $14.00 in a report on Monday, May 5th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, AES has an average rating of "Moderate Buy" and a consensus price target 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.

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