Lingohr Asset Management GmbH Purchases 7,039 Shares of The AES Co. (NYSE:AES)

Lingohr Asset Management GmbH grew its position in The AES Co. (NYSE:AES) by 17.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,463 shares of the utilities provider’s stock after acquiring an additional 7,039 shares during the quarter. AES accounts for 2.2% of Lingohr Asset Management GmbH’s portfolio, making the stock its 11th biggest holding. Lingohr Asset Management GmbH’s holdings in AES were worth $922,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. CWM LLC raised its position in shares of AES by 2.4% in the 2nd quarter. CWM LLC now owns 27,122 shares of the utilities provider’s stock valued at $477,000 after purchasing an additional 628 shares during the last quarter. Cromwell Holdings LLC grew its stake 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 during the period. Raymond James Trust N.A. increased its holdings in AES by 1.6% in the second quarter. Raymond James Trust N.A. now owns 44,433 shares of the utilities provider’s stock valued at $781,000 after buying an additional 711 shares in the last quarter. Rise Advisors LLC raised its holdings in AES by 92.4% in the 2nd 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. Finally, SeaCrest Wealth Management LLC lifted its position in shares of AES by 3.2% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 26,301 shares of the utilities provider’s stock valued at $528,000 after buying an additional 826 shares in the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Price Performance

Shares of NYSE:AES opened at $13.74 on Tuesday. The company has a market cap of $9.77 billion, a PE ratio of 9.54 and a beta of 1.10. The AES Co. has a fifty-two week low of $13.27 and a fifty-two week high of $22.21. 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 firm has a 50-day simple moving average of $17.20 and a 200 day simple moving average of $18.05.

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

AES Announces Dividend

The company also recently announced 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 of this dividend was Friday, November 1st. This represents a $0.69 annualized dividend and a yield of 5.02%. AES’s payout ratio is 47.92%.

Analysts Set New Price Targets

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

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.