River Street Advisors LLC Has $366,000 Stock Holdings in The AES Co. (NYSE:AES)

River Street Advisors LLC raised its holdings in shares of The AES Co. (NYSE:AES) by 8.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 18,240 shares of the utilities provider’s stock after buying an additional 1,373 shares during the period. River Street Advisors LLC’s holdings in AES were worth $366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of AES. Rise Advisors LLC lifted its holdings in shares of AES by 92.4% during the second quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock worth $26,000 after buying an additional 720 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of AES during the second quarter worth $28,000. UMB Bank n.a. raised its stake in AES by 102.3% in the second quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 898 shares in the last quarter. nVerses Capital LLC acquired a new position in AES in the second quarter valued at about $33,000. Finally, Cromwell Holdings LLC grew its position in AES by 59.1% in the third quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 640 shares during the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on AES shares. Evercore ISI upgraded AES to a “strong-buy” rating in a research report on Wednesday, September 18th. Barclays lifted their target price on AES from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Jefferies Financial Group started coverage on AES in a research report on Wednesday, September 11th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Susquehanna reduced their price target on AES from $24.00 to $21.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AES has a consensus rating of “Moderate Buy” and an average target price of $22.38.

AES Stock Down 0.2 %

Shares of NYSE:AES traded down $0.03 during trading on Friday, reaching $13.97. 11,948,903 shares of the stock were exchanged, compared to its average volume of 8,724,329. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The AES Co. has a 1-year low of $13.27 and a 1-year high of $22.21. The stock has a fifty day moving average of $17.25 and a two-hundred day moving average of $18.08. The firm has a market cap of $9.93 billion, a price-to-earnings ratio of 9.70 and a beta of 1.10.

AES (NYSE:AES) last issued its earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. AES had a return on equity of 27.30% and a net margin of 8.34%. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. AES’s revenue for the quarter was down 4.2% on a year-over-year basis. Research analysts anticipate that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.1725 per share. The ex-dividend date was Friday, November 1st. This represents a $0.69 annualized dividend and a yield of 4.94%. AES’s dividend payout ratio (DPR) is currently 47.92%.

AES 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.