The AES Co. (NYSE:AES) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its stake in The AES Co. (NYSE:AES) by 20.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,418,211 shares of the utilities provider’s stock after selling 1,900,034 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.04% of AES worth $148,809,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC raised its holdings in shares of 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 buying an additional 720 shares during the last quarter. Rothschild Investment LLC purchased a new position in AES in the 2nd quarter worth $28,000. Cromwell Holdings LLC lifted its position in AES by 59.1% during the 3rd quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 640 shares during the period. UMB Bank n.a. grew its stake in 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 during the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of AES in the second quarter valued at about $33,000. 93.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on AES. Susquehanna decreased their target price on AES from $24.00 to $21.00 and set a “positive” rating for the company in a report on Tuesday, November 5th. Mizuho decreased their price objective on shares of AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday. Jefferies Financial Group began coverage on shares of AES in a research note on Wednesday, September 11th. They issued a “buy” rating and a $20.00 price objective on the stock. Evercore ISI upgraded shares of AES to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, Barclays increased their price target on AES from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Two 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 company’s stock. Based on data from MarketBeat.com, AES has an average rating of “Moderate Buy” and an average price target of $21.38.

AES Price Performance

NYSE:AES opened at $13.04 on Friday. The stock has a market capitalization of $9.27 billion, a PE ratio of 9.06 and a beta of 1.10. The AES Co. has a 52 week low of $12.97 and a 52 week high of $22.21. 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 stock’s 50-day moving average price is $16.85 and its 200-day moving average price is $17.90.

AES (NYSE:AES) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 EPS for the quarter, beating 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 company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same period last year, the company earned $0.60 earnings per share. AES’s quarterly revenue was down 4.2% compared to the same quarter last year. As a group, equities analysts expect that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a $0.1725 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.69 annualized dividend and a dividend yield of 5.29%. 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.