Teachers Retirement System of The State of Kentucky Cuts Holdings in The AES Co. (NYSE:AES)

Teachers Retirement System of The State of Kentucky decreased its position in The AES Co. (NYSE:AESGet Rating) by 4.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,061 shares of the utilities provider’s stock after selling 2,048 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in AES were worth $1,211,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Credit Agricole S A increased its holdings in AES by 15.0% in the fourth quarter. Credit Agricole S A now owns 4,063 shares of the utilities provider’s stock valued at $99,000 after buying an additional 529 shares in the last quarter. Coldstream Capital Management Inc. grew its position in shares of AES by 7.2% in the first quarter. Coldstream Capital Management Inc. now owns 8,879 shares of the utilities provider’s stock valued at $228,000 after purchasing an additional 600 shares during the period. Marcum Wealth LLC grew its position in shares of AES by 6.0% in the first quarter. Marcum Wealth LLC now owns 10,922 shares of the utilities provider’s stock valued at $281,000 after purchasing an additional 614 shares during the period. CIBC Asset Management Inc grew its position in shares of AES by 1.0% in the first quarter. CIBC Asset Management Inc now owns 65,296 shares of the utilities provider’s stock valued at $1,680,000 after purchasing an additional 627 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of AES by 17.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 4,231 shares of the utilities provider’s stock valued at $109,000 after purchasing an additional 638 shares during the period. Hedge funds and other institutional investors own 95.25% of the company’s stock.

AES Stock Performance

AES opened at $25.03 on Friday. The firm has a market capitalization of $16.72 billion, a PE ratio of -43.16, a PEG ratio of 1.97 and a beta of 0.91. The AES Co. has a twelve month low of $18.62 and a twelve month high of $27.78. The firm’s 50-day moving average price is $24.30 and its 200 day moving average price is $22.86. The company has a current ratio of 1.16, a quick ratio of 1.01 and a debt-to-equity ratio of 4.78.

AES (NYSE:AESGet Rating) last posted its quarterly earnings results on Friday, August 5th. The utilities provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. AES had a negative net margin of 2.64% and a positive return on equity of 32.93%. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period in the previous year, the business posted $0.31 earnings per share. AES’s quarterly revenue was up 14.0% on a year-over-year basis. As a group, sell-side analysts expect that The AES Co. will post 1.61 EPS for the current fiscal year.

AES Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 1st were paid a dividend of $0.158 per share. This represents a $0.63 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Friday, July 29th. AES’s dividend payout ratio (DPR) is presently -108.62%.

Wall Street Analyst Weigh In

AES has been the topic of several research analyst reports. Morgan Stanley lifted their target price on shares of AES from $29.50 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, August 18th. StockNews.com lowered shares of AES from a “hold” rating to a “sell” rating in a research report on Monday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $29.00.

AES Profile

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The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also 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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Institutional Ownership by Quarter for AES (NYSE:AES)

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