WINTON GROUP Ltd Reduces Holdings in AES Corp (NYSE:AES)

WINTON GROUP Ltd cut its stake in shares of AES Corp (NYSE:AES) by 98.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,921 shares of the utilities provider’s stock after selling 1,042,311 shares during the quarter. WINTON GROUP Ltd’s holdings in AES were worth $317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new stake in AES during the first quarter valued at about $30,000. Reilly Financial Advisors LLC purchased a new stake in shares of AES during the first quarter valued at $36,000. Liberty Wealth Management LLC purchased a new stake in shares of AES during the first quarter valued at $36,000. Lee Financial Co purchased a new stake in shares of AES during the first quarter valued at $54,000. Finally, Kessler Investment Group LLC purchased a new stake in shares of AES during the first quarter valued at $69,000. Institutional investors own 93.27% of the company’s stock.

In other AES news, insider Jeffrey W. Ubben purchased 2,582,000 shares of the stock in a transaction on Monday, May 13th. The shares were bought at an average cost of $16.10 per share, with a total value of $41,570,200.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey W. Ubben purchased 2,482,000 shares of the stock in a transaction on Thursday, May 9th. The stock was acquired at an average cost of $16.11 per share, for a total transaction of $39,985,020.00. The disclosure for this purchase can be found here. 1.06% of the stock is currently owned by corporate insiders.

NYSE:AES opened at $16.83 on Friday. AES Corp has a one year low of $13.00 and a one year high of $18.52. The company has a debt-to-equity ratio of 3.27, a quick ratio of 1.21 and a current ratio of 1.34. The stock has a market capitalization of $11.14 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 1.48 and a beta of 1.03. The firm has a fifty day simple moving average of $16.96.

AES (NYSE:AES) last posted its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). AES had a net margin of 6.32% and a return on equity of 19.05%. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the previous year, the company posted $0.28 earnings per share. AES’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, research analysts predict that AES Corp will post 1.34 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a $0.137 dividend. This represents a $0.55 annualized dividend and a yield of 3.26%. This is a positive change from AES’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, July 31st. AES’s dividend payout ratio is presently 44.35%.

A number of brokerages have recently weighed in on AES. Bank of America raised shares of AES from an “underperform” rating to a “neutral” rating and set a $16.57 price objective on the stock in a report on Thursday, June 20th. Zacks Investment Research raised shares of AES from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Tuesday, June 4th. Argus raised shares of AES from a “hold” rating to a “buy” rating in a report on Wednesday, May 22nd. Finally, ValuEngine lowered shares of AES from a “buy” rating to a “hold” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $16.02.

About AES

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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