The AES Co. (NYSE:AES) Shares Sold by US Bancorp DE

US Bancorp DE reduced its stake in shares of The AES Co. (NYSE:AES) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 67,229 shares of the utilities provider’s stock after selling 2,053 shares during the quarter. US Bancorp DE’s holdings in AES were worth $1,349,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AES. Capital International Investors lifted its position in shares of AES by 11.4% during the first quarter. Capital International Investors now owns 77,641,395 shares of the utilities provider’s stock worth $1,392,110,000 after purchasing an additional 7,969,594 shares in the last quarter. M&G Plc purchased a new position in AES in the 1st quarter valued at about $123,272,000. Vanguard Group Inc. grew its stake in shares of AES by 2.2% during the first quarter. Vanguard Group Inc. now owns 89,725,232 shares of the utilities provider’s stock valued at $1,608,773,000 after acquiring an additional 1,929,523 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of AES in the second quarter worth about $30,746,000. Finally, Zimmer Partners LP boosted its holdings in 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 purchasing an additional 1,545,000 shares during the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Price Performance

Shares of NYSE:AES opened at $13.66 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The firm has a 50-day simple moving average of $17.62 and a 200 day simple moving average of $18.23. The AES Co. has a fifty-two week low of $13.62 and a fifty-two week high of $22.21. The company has a market cap of $9.71 billion, a PE ratio of 9.49 and a beta of 1.10.

AES (NYSE:AES) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. AES had a return on equity of 27.30% and a net margin of 8.34%. 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 prior year, the firm earned $0.60 EPS. The business’s quarterly revenue was down 4.2% on a year-over-year basis. On average, sell-side analysts anticipate that The AES Co. will post 1.93 EPS for the current year.

AES Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.05%. AES’s dividend payout ratio (DPR) is presently 47.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AES shares. Evercore ISI raised AES to a “strong-buy” rating in a research report on Wednesday, September 18th. Susquehanna cut their price target on shares of AES from $24.00 to $21.00 and set a “positive” rating on the stock in a report on Tuesday. Jefferies Financial Group began coverage on shares of AES in a report on Wednesday, September 11th. They set a “buy” rating and a $20.00 price objective for the company. Finally, Barclays upped their target price on shares of AES from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, AES presently has a consensus rating of “Moderate Buy” and an average target price of $22.38.

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.