Kentucky Retirement Systems Has $912,000 Stock Position in The AES Co. (NYSE:AES)

Kentucky Retirement Systems decreased its position in shares of The AES Co. (NYSE:AES) by 5.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,854 shares of the utilities provider’s stock after selling 2,723 shares during the quarter. Kentucky Retirement Systems’ holdings in AES were worth $912,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC lifted its stake in shares of AES by 18.0% in the fourth quarter. Global Retirement Partners LLC now owns 4,378 shares of the utilities provider’s stock worth $78,000 after acquiring an additional 668 shares during the period. Fifth Third Bancorp boosted its stake in shares of AES by 122.4% in the 4th quarter. Fifth Third Bancorp now owns 70,405 shares of the utilities provider’s stock valued at $1,355,000 after purchasing an additional 38,741 shares during the last quarter. First Citizens Bank & Trust Co. raised its stake in AES by 25.5% during the fourth quarter. First Citizens Bank & Trust Co. now owns 157,284 shares of the utilities provider’s stock worth $3,028,000 after buying an additional 31,975 shares during the last quarter. Oak Thistle LLC acquired a new position in AES in the fourth quarter valued at $391,000. Finally, Arizona State Retirement System grew its holdings in AES by 0.8% during the 4th quarter. Arizona State Retirement System now owns 184,041 shares of the utilities provider’s stock worth $3,543,000 after acquiring an additional 1,433 shares during the period. Institutional investors own 93.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays cut their target price on AES from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Seaport Res Ptn downgraded shares of AES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. UBS Group reduced their price target on shares of AES from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, April 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $22.00 price objective on shares of AES in a research report on Tuesday, April 9th. Finally, Mizuho boosted their target price on AES from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, May 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, AES currently has a consensus rating of “Moderate Buy” and an average target price of $22.75.

AES Stock Up 0.2 %

AES stock traded up $0.03 during trading on Monday, hitting $17.55. 1,935,478 shares of the company were exchanged, compared to its average volume of 8,076,674. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 4.04. The company has a market capitalization of $12.47 billion, a P/E ratio of 24.33 and a beta of 1.09. The business’s 50 day moving average is $19.04 and its 200 day moving average is $17.81. The AES Co. has a 52 week low of $11.43 and a 52 week high of $22.21.

AES (NYSE:AES) last released its quarterly earnings results on Friday, May 3rd. The utilities provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.16. AES had a net margin of 4.40% and a return on equity of 36.23%. The business had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the previous year, the company earned $0.22 earnings per share. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. Analysts predict that The AES Co. will post 1.91 earnings per share for the current year.

AES Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a dividend of $0.1725 per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.93%. AES’s dividend payout ratio is presently 95.83%.

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.