The AES Co. (NYSE:AES) Position Boosted by Premier Fund Managers Ltd

Premier Fund Managers Ltd raised its holdings in shares of The AES Co. (NYSE:AES) by 26.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,000 shares of the utilities provider’s stock after acquiring an additional 20,000 shares during the period. Premier Fund Managers Ltd’s holdings in AES were worth $1,904,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rise Advisors LLC lifted its holdings in AES by 92.4% in the second quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 720 shares during the period. Rothschild Investment LLC bought a new stake in shares of AES during the 2nd quarter worth about $28,000. UMB Bank n.a. lifted its stake in shares of AES by 102.3% in the 2nd quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 898 shares during the period. nVerses Capital LLC bought a new position in shares of AES in the second quarter valued at approximately $33,000. Finally, Cromwell Holdings LLC raised its holdings in AES by 59.1% during the third quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 640 shares in the last quarter. Institutional investors own 93.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays lifted their price target 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 began coverage on shares of AES in a research report on Wednesday, September 11th. They issued a “buy” rating and a $20.00 price target on the stock. Evercore ISI raised shares of AES to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, Susquehanna cut their target price on shares of AES from $24.00 to $21.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.38.

AES Price Performance

AES stock opened at $13.74 on Wednesday. The AES Co. has a one year low of $13.27 and a one year high of $22.21. The firm has a 50-day moving average of $17.15 and a two-hundred day moving average of $18.01. The firm has a market capitalization of $9.77 billion, a PE ratio of 9.54 and a beta of 1.10. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21.

AES (NYSE:AES) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. AES had a net margin of 8.34% and a return on equity of 27.30%. The firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same quarter last year, the business posted $0.60 EPS. The company’s revenue was down 4.2% on a year-over-year basis. On average, analysts forecast that The AES Co. will post 1.93 earnings per share for the current year.

AES Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 5.02%. The ex-dividend date of this dividend was Friday, November 1st. AES’s payout ratio is 47.92%.

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.