GSA Capital Partners LLP Has $365,000 Stock Holdings in The AES Co. (NYSE:AES)

GSA Capital Partners LLP trimmed its position in The AES Co. (NYSE:AES) by 68.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,185 shares of the utilities provider’s stock after selling 39,928 shares during the period. GSA Capital Partners LLP’s holdings in AES were worth $365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC lifted its position in shares of AES by 92.4% during the 2nd quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 720 shares during the period. Rothschild Investment LLC bought a new stake in shares of AES during the 2nd quarter valued at $28,000. UMB Bank n.a. lifted its position in shares of AES by 102.3% during the 2nd 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 stake in shares of AES during the 2nd quarter worth $33,000. Finally, Cromwell Holdings LLC lifted 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 buying an additional 640 shares during the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on AES shares. Susquehanna dropped their price objective on AES from $24.00 to $21.00 and set a “positive” rating for the company in a research report on Tuesday, November 5th. Evercore ISI upgraded AES to a “strong-buy” rating in a research report on Wednesday, September 18th. Barclays upped their price objective on AES from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Mizuho dropped 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. Finally, Jefferies Financial Group began coverage on AES in a report on Wednesday, September 11th. They issued a “buy” rating and a $20.00 target price for the company. 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.38.

AES Price Performance

Shares of AES opened at $13.24 on Friday. The stock has a market cap of $9.41 billion, a PE ratio of 9.19 and a beta of 1.10. The business has a 50-day simple moving average of $16.96 and a two-hundred day simple moving average of $17.95. 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 AES Co. has a 12-month low of $13.04 and a 12-month high of $22.21.

AES (NYSE:AES) last issued its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating the consensus estimate 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%. The business’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Analysts anticipate that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.1725 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.69 annualized dividend and a dividend yield of 5.21%. AES’s payout ratio is 47.92%.

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.