Northwest & Ethical Investments L.P. Lowers Stake in The AES Co. (NYSE:AES)

Northwest & Ethical Investments L.P. lowered its position in The AES Co. (NYSE:AES) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,103 shares of the utilities provider’s stock after selling 2,761 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in AES were worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Rise Advisors LLC boosted its position in AES by 92.4% during the 2nd quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 720 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of AES in the 2nd quarter worth approximately $28,000. UMB Bank n.a. boosted its holdings in shares of AES by 102.3% in the second quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock worth $31,000 after buying an additional 898 shares during the last quarter. nVerses Capital LLC purchased a new position in AES during the second quarter valued at $33,000. Finally, Cromwell Holdings LLC grew its holdings 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 period. Institutional investors own 93.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on AES shares. Barclays lifted their target price on shares of AES from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Mizuho decreased their price target on AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. Susquehanna reduced their price target 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. Evercore ISI raised AES to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, Jefferies Financial Group assumed coverage on AES in a report on Wednesday, September 11th. They issued a “buy” rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.22.

AES Stock Up 0.4 %

NYSE:AES opened at $13.04 on Friday. The company’s 50 day moving average is $16.36 and its two-hundred day moving average is $17.72. The company has a market cap of $9.27 billion, a PE ratio of 9.06, a P/E/G ratio of 0.68 and a beta of 1.10. The AES Co. has a twelve month low of $12.53 and a twelve month high of $22.21. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21.

AES (NYSE:AES) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.46 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. The company’s revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 earnings per share. Analysts anticipate that The AES Co. will post 1.95 EPS for the current year.

AES Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.1725 per share. 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 presently 47.92%.

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.