The AES Co. (NYSE:AES) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. grew its position in shares of The AES Co. (NYSE:AES) by 16.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 32,257 shares of the utilities provider’s stock after buying an additional 4,643 shares during the quarter. D.A. Davidson & CO.’s holdings in AES were worth $647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AES. Rothschild Investment LLC acquired a new position in shares of AES in the 2nd quarter valued at about $28,000. UMB Bank n.a. boosted its stake in AES by 102.3% in the second 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 during the period. nVerses Capital LLC bought a new position in shares of AES during the second quarter valued at approximately $33,000. Cromwell Holdings LLC raised its position in shares of 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 purchasing an additional 640 shares during the period. Finally, Crewe Advisors LLC boosted its position in AES by 183.8% during the 2nd quarter. Crewe Advisors LLC now owns 3,023 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 1,958 shares during the period. 93.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AES has been the topic of a number of recent research reports. Jefferies Financial Group assumed coverage on AES in a research note on Wednesday, September 11th. They issued a “buy” rating and a $20.00 target price on the stock. Bank of America assumed coverage on shares of AES in a research report on Monday, November 25th. They issued an “underperform” rating and a $11.00 target price for the company. Mizuho reduced their price objective on AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, November 21st. Barclays raised their target price on AES from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Susquehanna decreased their price objective on shares of AES from $24.00 to $21.00 and set a “positive” rating for the company in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.22.

AES Stock Performance

AES stock opened at $13.01 on Tuesday. The stock has a market cap of $9.25 billion, a P/E ratio of 9.00, a P/E/G ratio of 0.68 and a beta of 1.10. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The firm has a 50 day simple moving average of $16.24 and a 200 day simple moving average of $17.63. The AES Co. has a 52 week low of $12.53 and a 52 week 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, beating the consensus estimate of $0.60 by $0.11. AES had a net margin of 8.34% and a return on equity of 27.30%. The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same period in the previous year, the company posted $0.60 EPS. AES’s revenue was down 4.2% on a year-over-year basis. Research analysts anticipate that The AES Co. will post 1.95 earnings per share for the current fiscal year.

AES Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.1725 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.69 annualized dividend and a dividend yield of 5.30%. AES’s payout ratio is 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.