370,915 Shares in The AES Co. (NYSE:AES) Bought by Holocene Advisors LP

Holocene Advisors LP purchased a new position in shares of The AES Co. (NYSE:AES) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 370,915 shares of the utilities provider’s stock, valued at approximately $7,441,000. Holocene Advisors LP owned 0.05% of AES as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Rothschild Investment LLC acquired a new position in AES in the second quarter valued at approximately $28,000. UMB Bank n.a. boosted its holdings in AES by 102.3% during the second quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock worth $31,000 after buying an additional 898 shares in the last quarter. nVerses Capital LLC acquired a new stake in AES during the second quarter valued at $33,000. Cromwell Holdings LLC increased its holdings 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 buying an additional 640 shares in the last quarter. Finally, Crewe Advisors LLC boosted its stake in shares of AES by 183.8% during the 2nd quarter. Crewe Advisors LLC now owns 3,023 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 1,958 shares in the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Stock Up 0.3 %

NYSE AES opened at $13.05 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The AES Co. has a 52 week low of $12.53 and a 52 week high of $22.21. The business’s fifty day simple moving average is $15.99 and its 200-day simple moving average is $17.52. The firm has a market cap of $9.28 billion, a PE ratio of 9.06, a P/E/G ratio of 0.68 and a beta of 1.01.

AES (NYSE:AES) last posted its earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.11. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.46 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. AES’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 EPS. As a group, equities analysts anticipate that The AES Co. will post 1.95 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. Stockholders of record on Friday, November 1st were issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date of this dividend was Friday, November 1st. AES’s dividend payout ratio is presently 47.92%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AES shares. Mizuho reduced their price target on AES from $24.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, November 21st. Barclays lifted their price target on shares of AES from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Jefferies Financial Group started coverage on shares of AES in a research report on Wednesday, September 11th. They set a “buy” rating and a $20.00 price objective for the company. Bank of America assumed coverage on shares of AES in a research note on Monday, November 25th. They set an “underperform” rating and a $11.00 target price for the company. Finally, Susquehanna decreased their price target on shares of AES from $24.00 to $21.00 and set a “positive” rating on the stock in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.22.

AES Company 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.