21,389 Shares in The AES Co. (NYSE:AES) Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new position in The AES Co. (NYSE:AES) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,389 shares of the utilities provider’s stock, valued at approximately $429,000.

Other large investors have also recently added to or reduced their stakes in the company. Zurich Insurance Group Ltd FI bought a new position in AES in the second quarter valued at $30,746,000. Zimmer Partners LP increased its position in shares of AES by 482.8% in the first quarter. Zimmer Partners LP now owns 1,865,000 shares of the utilities provider’s stock valued at $33,439,000 after acquiring an additional 1,545,000 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in AES by 169.5% during the third quarter. Assenagon Asset Management S.A. now owns 2,143,688 shares of the utilities provider’s stock worth $43,002,000 after acquiring an additional 1,348,195 shares in the last quarter. Hsbc Holdings PLC boosted its position in AES by 41.1% during the second quarter. Hsbc Holdings PLC now owns 2,898,119 shares of the utilities provider’s stock valued at $51,293,000 after purchasing an additional 844,888 shares during the last quarter. Finally, TCW Group Inc. grew its stake in AES by 45.8% in the second quarter. TCW Group Inc. now owns 2,639,694 shares of the utilities provider’s stock valued at $46,379,000 after purchasing an additional 828,840 shares in the last quarter. Institutional investors own 93.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on AES. Susquehanna cut their price objective on AES from $24.00 to $21.00 and set a “positive” rating for the company in a report on Tuesday, November 5th. Mizuho cut their price target 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 report on Wednesday, September 11th. They issued a “buy” rating and a $20.00 target price on the stock. Barclays lifted their price target on AES from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Evercore ISI upgraded AES to a “strong-buy” rating in a research note on Wednesday, September 18th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.38.

AES Price Performance

Shares of NYSE:AES opened at $13.04 on Monday. The firm has a 50 day moving average of $16.85 and a 200-day moving average of $17.89. The stock has a market capitalization of $9.27 billion, a PE ratio of 9.06 and a beta of 1.10. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The AES Co. has a 12 month low of $12.97 and a 12 month high of $22.21.

AES (NYSE:AES) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.46 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. AES’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 EPS. On average, equities research analysts predict that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date was Friday, November 1st. AES’s payout ratio 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.