Cambridge Investment Research Advisors Inc. Raises Position in The AES Co. (NYSE:AES)

Cambridge Investment Research Advisors Inc. increased its holdings in The AES Co. (NYSE:AES) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,011 shares of the utilities provider’s stock after buying an additional 684 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in AES were worth $320,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AES. Capital International Investors boosted its holdings in AES by 20.0% in the 2nd quarter. Capital International Investors now owns 53,143,577 shares of the utilities provider’s stock valued at $1,385,536,000 after purchasing an additional 8,872,216 shares during the period. Nordea Investment Management AB boosted its holdings in AES by 98.0% in the 3rd quarter. Nordea Investment Management AB now owns 4,598,780 shares of the utilities provider’s stock valued at $104,760,000 after purchasing an additional 2,275,647 shares during the period. Morgan Stanley boosted its holdings in AES by 58.3% in the 2nd quarter. Morgan Stanley now owns 5,065,208 shares of the utilities provider’s stock valued at $132,051,000 after purchasing an additional 1,866,027 shares during the period. Zimmer Partners LP boosted its holdings in AES by 84.9% in the 2nd quarter. Zimmer Partners LP now owns 3,047,735 shares of the utilities provider’s stock valued at $79,454,000 after purchasing an additional 1,399,235 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of AES by 32.6% during the 2nd quarter. Invesco Ltd. now owns 4,499,303 shares of the utilities provider’s stock worth $117,295,000 after acquiring an additional 1,104,926 shares during the last quarter. 93.14% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of AES in a report on Monday, November 29th. They set a “buy” rating and a $30.00 price objective for the company. TheStreet upgraded shares of AES from a “c” rating to a “b” rating in a research report on Monday, December 6th. Finally, Morgan Stanley lifted their target price on shares of AES from $31.50 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, January 6th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $30.17.

AES stock opened at $23.06 on Friday. The firm’s 50-day moving average price is $24.03 and its two-hundred day moving average price is $24.28. The AES Co. has a 12-month low of $22.60 and a 12-month high of $29.07. The stock has a market capitalization of $15.37 billion, a price-to-earnings ratio of 29.95, a PEG ratio of 1.69 and a beta of 0.85. The company has a current ratio of 1.22, a quick ratio of 1.10 and a debt-to-equity ratio of 3.92.

AES (NYSE:AES) last released its quarterly earnings data on Thursday, November 4th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. AES had a net margin of 3.99% and a return on equity of 29.19%. The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the company earned $0.42 earnings per share. Equities analysts predict that The AES Co. will post 1.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 15th. Shareholders of record on Tuesday, February 1st will be given a $0.158 dividend. This is a boost from AES’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, January 31st. This represents a $0.63 dividend on an annualized basis and a dividend yield of 2.74%. AES’s payout ratio is presently 77.92%.

In other AES news, CEO Andres Gluski sold 524,511 shares of the business’s stock in a transaction dated Wednesday, January 5th. The shares were sold at an average price of $23.78, for a total value of $12,472,871.58. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.59% of the stock is currently owned by insiders.

AES Company Profile

AES Corp. engages in the provision of power generation and utility services through its renewable and thermal generation facilities and distribution businesses. It operates through the following segments: U.S. and Utilities Strategic Business Unit (SBU), South America SBU, MCAC SBU, Eurasia SBU and Corporate and Other.

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Institutional Ownership by Quarter for AES (NYSE:AES)

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