The AES Co. (NYSE:AES) Stock Holdings Lessened by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP lessened its stake in The AES Co. (NYSE:AES) by 17.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 401,903 shares of the utilities provider’s stock after selling 85,355 shares during the quarter. Kayne Anderson Capital Advisors LP owned 0.06% of AES worth $8,062,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC grew its stake in 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 in the last quarter. Rothschild Investment LLC acquired a new position in shares of AES during the 2nd quarter worth $28,000. UMB Bank n.a. lifted its stake 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 valued at $31,000 after purchasing an additional 898 shares during the last quarter. nVerses Capital LLC acquired a new position in AES during the second quarter worth $33,000. Finally, Cromwell Holdings LLC raised its holdings in AES by 59.1% during the third quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock valued at $35,000 after buying an additional 640 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AES. Susquehanna lowered their price objective on AES from $24.00 to $21.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. Jefferies Financial Group assumed 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. Barclays lifted their target price on shares of AES from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Evercore ISI raised AES to a “strong-buy” rating in a research report on Wednesday, September 18th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $22.38.

AES Stock Performance

NYSE:AES opened at $13.97 on Monday. 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 moving average price of $17.25 and a 200 day moving average price of $18.08. 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 12-month low of $13.27 and a 12-month high of $22.21.

AES (NYSE:AES) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 revenue was down 4.2% on a year-over-year basis. During the same period last year, the business earned $0.60 earnings per share. Research analysts anticipate that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES Announces Dividend

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

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.