Landscape Capital Management L.L.C. Makes New Investment in The AES Co. (NYSE:AES)

Landscape Capital Management L.L.C. bought a new position in The AES Co. (NYSE:AES) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 21,389 shares of the utilities provider’s stock, valued at approximately $429,000.

Several other institutional investors also recently modified their holdings of AES. Zurich Insurance Group Ltd FI purchased a new position in AES in the second quarter worth $30,746,000. Zimmer Partners LP grew its position in AES by 482.8% during the first quarter. Zimmer Partners LP now owns 1,865,000 shares of the utilities provider’s stock valued at $33,439,000 after buying an additional 1,545,000 shares during the period. Assenagon Asset Management S.A. increased its holdings in AES by 169.5% during the third quarter. Assenagon Asset Management S.A. now owns 2,143,688 shares of the utilities provider’s stock worth $43,002,000 after buying an additional 1,348,195 shares during the last quarter. Hsbc Holdings PLC boosted its stake in AES by 41.1% in the second quarter. Hsbc Holdings PLC now owns 2,898,119 shares of the utilities provider’s stock valued at $51,293,000 after acquiring an additional 844,888 shares during the last quarter. Finally, TCW Group Inc. grew its position in shares of AES by 45.8% during the 2nd quarter. TCW Group Inc. now owns 2,639,694 shares of the utilities provider’s stock valued at $46,379,000 after acquiring an additional 828,840 shares during the period. 93.13% of the stock is owned by institutional investors.

AES Stock Down 1.6 %

Shares of NYSE:AES opened at $13.04 on Monday. The firm has a fifty day moving average price of $16.85 and a two-hundred day moving average price of $17.89. The company has a market cap of $9.27 billion, a price-to-earnings ratio of 9.06 and a beta of 1.10. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The AES Co. has a one year low of $12.97 and a one year high of $22.21.

AES (NYSE:AES) last posted its earnings results on Thursday, October 31st. The utilities provider reported $0.71 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.46 billion. During the same period in the previous year, the business earned $0.60 earnings per share. The firm’s revenue was down 4.2% on a year-over-year basis. Analysts anticipate that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date of this dividend was Friday, November 1st. AES’s dividend payout ratio is currently 47.92%.

Analyst Ratings Changes

Several equities analysts have weighed in on AES shares. Evercore ISI raised AES to a “strong-buy” rating in a report on Wednesday, September 18th. Mizuho decreased their price objective on AES from $24.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday. Jefferies Financial Group initiated coverage on shares of AES in a report on Wednesday, September 11th. They set a “buy” rating and a $20.00 price objective on the stock. Susquehanna reduced their target price on shares of AES from $24.00 to $21.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. Finally, Barclays upped their price target 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 analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.38.

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.