Meeder Advisory Services Inc. Makes New Investment in The AES Co. (NYSE:AES)

Meeder Advisory Services Inc. bought a new stake in The AES Co. (NYSE:AES) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,216 shares of the utilities provider’s stock, valued at approximately $179,000.

A number of other institutional investors have also recently made changes to their positions in the company. Rise Advisors LLC boosted its stake in AES by 92.4% during the 2nd 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 last quarter. Rothschild Investment LLC acquired a new position in AES during the second quarter worth about $28,000. 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 acquiring an additional 898 shares in the last quarter. Riverview Trust Co purchased a new position in AES in the 1st quarter worth approximately $33,000. Finally, nVerses Capital LLC acquired a new position in shares of AES during the 2nd quarter worth approximately $33,000. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Stock Up 2.5 %

Shares of NYSE:AES opened at $19.01 on Tuesday. The business has a 50-day moving average price of $17.31 and a 200 day moving average price of $17.93. The AES Co. has a 12-month low of $11.43 and a 12-month high of $22.21. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 3.63. The company has a market capitalization of $13.51 billion, a price-to-earnings ratio of 26.40 and a beta of 1.07.

AES (NYSE:AES) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.22 billion. AES had a net margin of 6.07% and a return on equity of 32.74%. The business’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 EPS. Sell-side analysts expect that The AES Co. will post 1.91 EPS for the current year.

AES Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a $0.1725 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.63%. AES’s payout ratio is presently 95.83%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AES shares. Barclays reduced their price objective on AES from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Jefferies Financial Group started coverage on AES in a report on Wednesday, September 11th. They set a “buy” rating and a $20.00 price target on the stock. Finally, Seaport Res Ptn lowered shares of AES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.50.

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.