Commerce Bank Buys 2,319 Shares of The AES Co. (NYSE:AES)

Commerce Bank grew its stake in shares of The AES Co. (NYSE:AES) by 8.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,855 shares of the utilities provider’s stock after buying an additional 2,319 shares during the quarter. Commerce Bank’s holdings in AES were worth $659,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Liberty Wealth Management LLC purchased a new stake in shares of AES during the second quarter worth about $29,000. Koshinski Asset Management Inc. purchased a new stake in shares of AES during the third quarter worth about $44,000. Berman Capital Advisors LLC boosted its holdings in shares of AES by 93.5% during the second quarter. Berman Capital Advisors LLC now owns 2,593 shares of the utilities provider’s stock worth $67,000 after purchasing an additional 1,253 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of AES by 41.2% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 3,472 shares of the utilities provider’s stock worth $79,000 after purchasing an additional 1,013 shares during the period. Finally, Evermay Wealth Management LLC purchased a new stake in shares of AES during the second quarter worth about $138,000. Institutional investors own 93.14% of the company’s stock.

AES has been the subject of a number of analyst reports. Morgan Stanley increased their target price on shares of AES from $31.50 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, January 6th. The Goldman Sachs Group began coverage on shares of AES in a report on Monday, November 29th. They issued a “buy” rating and a $30.00 price objective for the company. Finally, TheStreet upgraded shares of AES from a “c” rating to a “b” rating in a report on Monday, December 6th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, AES presently has a consensus rating of “Buy” and a consensus target price of $30.17.

Shares of NYSE AES opened at $23.06 on Friday. The AES Co. has a fifty-two week low of $22.60 and a fifty-two week high of $29.07. The company has a 50 day simple moving average of $24.03 and a two-hundred day simple moving average of $24.28. The company has a market capitalization of $15.37 billion, a price-to-earnings ratio of 29.95, a P/E/G ratio of 1.68 and a beta of 0.85. The company has a debt-to-equity ratio of 3.92, a quick ratio of 1.10 and a current ratio of 1.22.

AES (NYSE:AES) last announced its earnings results on Thursday, November 4th. The utilities provider reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.05. AES had a net margin of 3.99% and a return on equity of 29.19%. The business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the firm earned $0.42 earnings per share. On average, analysts forecast that The AES Co. will post 1.52 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 15th. Shareholders of record on Tuesday, February 1st will be paid a dividend of $0.158 per share. This is an increase from AES’s previous quarterly dividend of $0.15. The ex-dividend date is Monday, January 31st. This represents a $0.63 dividend on an annualized basis and a dividend yield of 2.74%. AES’s dividend payout ratio (DPR) is currently 77.92%.

In related news, CEO Andres Gluski sold 524,511 shares of the firm’s stock in a transaction that occurred on Wednesday, January 5th. The shares were sold at an average price of $23.78, for a total transaction of $12,472,871.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.59% of the stock is currently owned by company insiders.

AES Company Profile

AES Corp. engages in the provision of power generation and utility services through its renewable and thermal generation facilities and distribution businesses. It operates through the following segments: U.S. and Utilities Strategic Business Unit (SBU), South America SBU, MCAC SBU, Eurasia SBU and Corporate and Other.

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Institutional Ownership by Quarter for AES (NYSE:AES)

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