The AES Co. (NYSE:AES) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its stake in shares of The AES Co. (NYSE:AES) by 33.0% during the third quarter, Holdings Channel reports. The institutional investor owned 271,090 shares of the utilities provider’s stock after selling 133,458 shares during the period. Intech Investment Management LLC’s holdings in AES were worth $5,438,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in AES. Rise Advisors LLC lifted its position in AES by 92.4% in the second 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. Rothschild Investment LLC bought a new stake in shares of AES in the 2nd quarter worth $28,000. UMB Bank n.a. boosted its position in shares of AES by 102.3% during the 2nd quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 898 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of AES in the 2nd quarter worth approximately $33,000. Finally, Cromwell Holdings LLC lifted its stake in AES by 59.1% during the third quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 640 shares during the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Trading Down 1.6 %

Shares of AES stock opened at $13.04 on Friday. The business’s 50 day moving average is $16.96 and its two-hundred day moving average is $17.95. 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 12 month low of $12.97 and a 12 month high of $22.21. The company has a market cap of $9.27 billion, a PE ratio of 9.06 and a beta of 1.10.

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

AES Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date was Friday, November 1st. AES’s dividend payout ratio (DPR) is currently 47.92%.

Analysts Set New Price Targets

A number of brokerages have recently commented on AES. Jefferies Financial Group started coverage on AES in a research report on Wednesday, September 11th. They set a “buy” rating and a $20.00 price objective for the company. Evercore ISI raised shares of AES to a “strong-buy” rating in a research note on Wednesday, September 18th. Mizuho cut their price target on shares of AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday. Susquehanna cut their target price 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. Finally, Barclays upped their price target on AES from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, AES currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.38.

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.