OLD Second National Bank of Aurora Boosts Stock Position in The AES Co. (NYSE:AES)

OLD Second National Bank of Aurora boosted its position in shares of The AES Co. (NYSE:AES) by 1.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,624 shares of the utilities provider’s stock after acquiring an additional 835 shares during the quarter. OLD Second National Bank of Aurora’s holdings in AES were worth $1,698,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Empower Advisory Group LLC grew its stake in shares of AES by 5.8% in the third quarter. Empower Advisory Group LLC now owns 3,522,334 shares of the utilities provider’s stock worth $70,658,000 after acquiring an additional 193,755 shares in the last quarter. Live Oak Investment Partners grew its stake in AES by 3.9% during the 3rd quarter. Live Oak Investment Partners now owns 29,241 shares of the utilities provider’s stock worth $587,000 after purchasing an additional 1,104 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in AES by 3.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,596,000 shares of the utilities provider’s stock worth $32,016,000 after purchasing an additional 59,735 shares during the period. Atria Investments Inc raised its position in AES by 97.4% in the 3rd quarter. Atria Investments Inc now owns 86,553 shares of the utilities provider’s stock valued at $1,736,000 after purchasing an additional 42,707 shares in the last quarter. Finally, Kerusso Capital Management LLC boosted its stake in shares of AES by 6.4% in the 3rd quarter. Kerusso Capital Management LLC now owns 154,878 shares of the utilities provider’s stock valued at $3,107,000 after buying an additional 9,280 shares during the period. 93.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AES shares. Jefferies Financial Group began coverage on shares of AES in a report on Wednesday, September 11th. They issued a “buy” rating and a $20.00 target price on the stock. Barclays raised their price objective on shares of AES from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Susquehanna lowered 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. Finally, Evercore ISI upgraded AES to a “strong-buy” rating in a research note on Wednesday, September 18th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.38.

AES Stock Up 0.9 %

Shares of NYSE AES opened at $13.57 on Wednesday. The stock has a market cap of $9.65 billion, a PE ratio of 9.35 and a beta of 1.10. The AES Co. has a 52-week low of $13.27 and a 52-week high of $22.21. The business has a 50-day moving average price of $17.42 and a 200 day moving average price of $18.17. 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 issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.46 billion. During the same period last year, the firm posted $0.60 EPS. AES’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities research analysts forecast that The AES Co. will post 1.93 earnings per share for the current year.

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.1725 dividend. The ex-dividend date is Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a yield of 5.08%. AES’s dividend payout ratio (DPR) is 47.92%.

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.