The AES Co. (NYSE:AES) Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd cut its position in shares of The AES Co. (NYSE:AES) by 22.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 120,384 shares of the utilities provider’s stock after selling 35,162 shares during the period. IFM Investors Pty Ltd’s holdings in AES were worth $2,415,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rise Advisors LLC increased its position in AES by 92.4% during the second quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock worth $26,000 after buying an additional 720 shares in the last quarter. Rothschild Investment LLC purchased a new position in AES during the second quarter worth $28,000. UMB Bank n.a. increased its position in AES by 102.3% during 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 in the last quarter. nVerses Capital LLC purchased a new position in AES during the second quarter worth $33,000. Finally, Crewe Advisors LLC increased its position in AES by 183.8% during the second quarter. Crewe Advisors LLC now owns 3,023 shares of the utilities provider’s stock worth $53,000 after buying an additional 1,958 shares in the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays raised their price target on AES from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Evercore ISI raised AES to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, Jefferies Financial Group assumed coverage on AES in a research report on Wednesday, September 11th. They issued a “buy” rating and a $20.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, AES presently has an average rating of “Moderate Buy” and a consensus target price of $22.57.

AES Price Performance

Shares of NYSE:AES opened at $16.96 on Monday. The AES Co. has a 52 week low of $14.53 and a 52 week high of $22.21. The company has a market cap of $12.05 billion, a P/E ratio of 23.56 and a beta of 1.07. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 3.63. The business has a fifty day simple moving average of $17.99 and a 200-day simple moving average of $18.31.

AES (NYSE:AES) last issued its earnings results on Thursday, August 1st. The utilities provider reported $0.38 earnings per share for the quarter, beating 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 firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $3.22 billion. During the same quarter last year, the firm earned $0.21 earnings per share. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities research analysts forecast that The AES Co. will post 1.9 EPS for the current year.

AES Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Friday, November 1st. AES’s payout ratio is currently 95.83%.

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.