Symmetry Investments LP Purchases 1,922 Shares of The AES Co. (NYSE:AES)

Symmetry Investments LP lifted its position in The AES Co. (NYSE:AES) by 0.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 211,500 shares of the utilities provider’s stock after buying an additional 1,922 shares during the period. Symmetry Investments LP’s holdings in AES were worth $3,716,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rise Advisors LLC lifted its position in shares of AES by 92.4% in 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 period. Rothschild Investment LLC acquired a new position in AES during the 2nd quarter valued at approximately $28,000. UMB Bank n.a. raised 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. Riverview Trust Co acquired a new stake in shares of AES during the first quarter worth $33,000. Finally, nVerses Capital LLC acquired a new position in shares of AES in the 2nd quarter valued at $33,000. 93.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on AES. Evercore ISI upgraded AES to a “strong-buy” rating in a research note on Wednesday. Barclays dropped their price objective on shares of AES from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Finally, 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 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong 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 Price Performance

AES stock opened at $18.90 on Friday. The AES Co. has a one year low of $11.43 and a one year high of $22.21. The firm has a market cap of $13.43 billion, a PE ratio of 26.25 and a beta of 1.07. The firm’s 50 day moving average price is $17.40 and its 200-day moving average price is $18.01. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.91 and a current ratio of 0.97.

AES (NYSE:AES) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. AES had a return on equity of 32.74% and a net margin of 6.07%. The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.22 billion. During the same period in the prior year, the business posted $0.21 EPS. The company’s revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that The AES Co. will post 1.91 EPS for the current year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a dividend of $0.1725 per share. The ex-dividend date was Thursday, August 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.65%. AES’s payout ratio is currently 95.83%.

AES 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.