The AES Co. (NYSE:AES) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its position in shares of The AES Co. (NYSE:AES) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 131,069 shares of the utilities provider’s stock after selling 1,620 shares during the period. Oppenheimer & Co. Inc.’s holdings in AES were worth $2,629,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC boosted its stake in shares of AES by 92.4% in the second quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 720 shares during the period. Rothschild Investment LLC acquired a new position in AES in the second quarter valued at approximately $28,000. UMB Bank n.a. lifted its holdings in shares of AES by 102.3% in the 2nd quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 898 shares during the last quarter. nVerses Capital LLC acquired a new position in AES during the 2nd quarter valued at approximately $33,000. Finally, Cromwell Holdings LLC grew its position in AES by 59.1% in the 3rd quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 640 shares during the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Stock Down 0.2 %

AES stock opened at $13.97 on Friday. The business’s 50 day simple moving average is $17.25 and its 200 day simple moving average is $18.09. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The firm has a market capitalization of $9.93 billion, a PE ratio of 9.70 and a beta of 1.10. The AES Co. has a 1-year low of $13.27 and a 1-year high of $22.21.

AES (NYSE:AES) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.11. AES had a net margin of 8.34% and a return on equity of 27.30%. The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. AES’s revenue was down 4.2% compared to the same quarter last year. As a group, research analysts anticipate that The AES Co. will post 1.93 EPS for the current year.

AES Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.1725 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.69 annualized dividend and a dividend yield of 4.94%. AES’s dividend payout ratio is 47.92%.

Analysts Set New Price Targets

AES has been the subject of several research analyst reports. Barclays upped their price objective on AES from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, October 21st. 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 target on the stock. Evercore ISI raised AES to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, Susquehanna decreased their price target on shares of AES from $24.00 to $21.00 and set a “positive” rating for the company in a report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.