United Services Automobile Association Has $273,000 Position in The AES Co. (NYSE:AES)

United Services Automobile Association decreased its holdings in shares of The AES Co. (NYSE:AES) by 21.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,587 shares of the utilities provider’s stock after selling 3,604 shares during the period. United Services Automobile Association’s holdings in AES were worth $273,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Millburn Ridgefield Corp bought a new stake in AES in the third quarter valued at $28,000. Rothschild Investment LLC bought a new stake in shares of AES in the 2nd quarter worth about $28,000. Cromwell Holdings LLC increased its position in shares of AES by 59.1% during the 3rd 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. UMB Bank n.a. boosted its position 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 buying an additional 898 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in AES during the second quarter worth about $33,000. 93.13% of the stock is currently owned by institutional investors.

AES Stock Up 4.3 %

NYSE:AES opened at $13.61 on Tuesday. The firm has a market capitalization of $9.67 billion, a P/E ratio of 9.45, a P/E/G ratio of 0.68 and a beta of 1.02. The AES Co. has a 12-month low of $12.53 and a 12-month high of $22.21. The stock’s fifty day simple moving average is $15.47 and its 200-day simple moving average is $17.30. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21.

AES (NYSE:AES) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.11. The company had revenue of $3.29 billion during 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%. The firm’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. Equities research analysts expect that The AES Co. will post 1.95 earnings per share for the current year.

AES Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.176 per share. This is an increase from AES’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, January 31st. This represents a $0.70 annualized dividend and a dividend yield of 5.17%. AES’s dividend payout ratio is currently 47.92%.

Analyst Upgrades and Downgrades

AES has been the subject of a number of research analyst reports. 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. Barclays boosted their price objective on AES from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Jefferies Financial Group assumed coverage on AES in a research note on Wednesday, September 11th. They issued a “buy” rating and a $20.00 target price for the company. Bank of America assumed coverage on shares of AES in a report on Monday, November 25th. They set an “underperform” rating and a $11.00 price objective on the stock. Finally, Mizuho reduced their target price on shares of AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, AES currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.22.

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.