NFJ Investment Group LLC Has $9.30 Million Stock Position in The AES Co. (NYSE:AES)

NFJ Investment Group LLC raised its stake in shares of The AES Co. (NYSE:AES) by 12.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 463,731 shares of the utilities provider’s stock after purchasing an additional 49,883 shares during the quarter. NFJ Investment Group LLC’s holdings in AES were worth $9,302,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in AES. CWM LLC lifted its position in 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 acquiring an additional 628 shares in the last quarter. Cromwell Holdings LLC lifted its stake in AES by 59.1% in the 3rd 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 in the last quarter. Raymond James Trust N.A. boosted its position in AES by 1.6% during the 2nd quarter. Raymond James Trust N.A. now owns 44,433 shares of the utilities provider’s stock worth $781,000 after acquiring an additional 711 shares during the last quarter. SeaCrest Wealth Management LLC grew its stake in shares of AES by 3.2% in the third 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. Finally, Empowered Funds LLC raised its stake in AES by 8.0% in the 3rd quarter. Empowered Funds LLC now owns 11,179 shares of the utilities provider’s stock valued at $224,000 after acquiring an additional 830 shares during the period. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Stock Up 0.7 %

AES stock traded up $0.09 during trading on Tuesday, reaching $13.10. The stock had a trading volume of 2,254,955 shares, compared to its average volume of 9,024,652. The AES Co. has a one year low of $12.53 and a one year high of $22.21. The company’s 50 day moving average is $16.11 and its two-hundred day moving average is $17.57. 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 company has a market capitalization of $9.31 billion, a price-to-earnings ratio of 9.03, a P/E/G ratio of 0.68 and a beta of 1.02.

AES (NYSE:AES) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.11. AES had a return on equity of 27.30% and a net margin of 8.34%. The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business’s revenue was down 4.2% on a year-over-year basis. Equities research analysts forecast that The AES Co. will post 1.95 EPS for the current year.

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.1725 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.69 annualized dividend and a yield of 5.27%. AES’s payout ratio is 47.92%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Evercore ISI raised AES to a “strong-buy” rating in a report on Wednesday, September 18th. Mizuho decreased their price objective on AES from $24.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, November 21st. Bank of America initiated coverage on shares of AES in a research report on Monday, November 25th. They issued an “underperform” rating and a $11.00 price target on the stock. Barclays raised their target price on AES from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Susquehanna dropped 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.22.

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.