Kayne Anderson Capital Advisors LP Trims Position in The AES Co. (NYSE:AES)

Kayne Anderson Capital Advisors LP lowered its stake in The AES Co. (NYSE:AES) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,043,512 shares of the utilities provider’s stock after selling 8,728 shares during the period. Kayne Anderson Capital Advisors LP’s holdings in AES were worth $20,088,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AES. Envestnet Asset Management Inc. increased its position in shares of AES by 15.5% during the third quarter. Envestnet Asset Management Inc. now owns 679,615 shares of the utilities provider’s stock valued at $10,330,000 after buying an additional 91,247 shares during the period. Lazard Asset Management LLC raised its position in shares of AES by 370.1% in the 3rd quarter. Lazard Asset Management LLC now owns 116,537 shares of the utilities provider’s stock worth $1,770,000 after acquiring an additional 91,749 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of AES by 81.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 351,220 shares of the utilities provider’s stock valued at $5,339,000 after purchasing an additional 157,421 shares during the period. Federated Hermes Inc. bought a new stake in shares of AES during the fourth quarter valued at approximately $863,000. Finally, Quadrature Capital Ltd raised its holdings in AES by 54.8% in the third quarter. Quadrature Capital Ltd now owns 273,365 shares of the utilities provider’s stock worth $4,157,000 after purchasing an additional 96,808 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on AES shares. Mizuho began coverage on shares of AES in a report on Thursday, April 18th. They set a “buy” rating and a $21.00 target price on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price objective on shares of AES in a report on Tuesday, April 9th. Morgan Stanley reiterated an “overweight” rating and set a $25.00 target price on shares of AES in a report on Monday, March 25th. UBS Group cut their price target on AES from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 3rd. Finally, Barclays lowered their price objective on AES from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AES presently has a consensus rating of “Moderate Buy” and an average price target of $22.13.

AES Stock Up 0.5 %

NYSE AES traded up $0.10 during mid-day trading on Thursday, reaching $19.47. The stock had a trading volume of 799,780 shares, compared to its average volume of 8,292,755. The stock has a market cap of $13.84 billion, a PE ratio of 26.86 and a beta of 1.08. The AES Co. has a 1 year low of $11.43 and a 1 year high of $22.85. The company has a debt-to-equity ratio of 4.04, a current ratio of 0.78 and a quick ratio of 0.71. The company has a fifty day moving average price of $16.95 and a 200 day moving average price of $17.11.

AES (NYSE:AES) last announced its quarterly earnings results on Friday, May 3rd. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.16. AES had a return on equity of 36.23% and a net margin of 4.40%. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. On average, research analysts expect that The AES Co. will post 1.91 earnings per share for the current year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.1725 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.69 annualized dividend and a dividend yield of 3.54%. AES’s payout ratio is 95.83%.

AES 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.