Atria Investments Inc Has $1.74 Million Position in The AES Co. (NYSE:AES)

Atria Investments Inc boosted its stake in shares of The AES Co. (NYSE:AES - Free Report) by 97.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,553 shares of the utilities provider's stock after acquiring an additional 42,707 shares during the period. Atria Investments Inc's holdings in AES were worth $1,736,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of AES. DekaBank Deutsche Girozentrale raised its stake in AES by 161.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 107,016 shares of the utilities provider's stock valued at $2,035,000 after purchasing an additional 66,145 shares in the last quarter. M&G PLC lifted its holdings in shares of AES by 12.7% during the 3rd quarter. M&G PLC now owns 6,511,760 shares of the utilities provider's stock worth $130,235,000 after acquiring an additional 732,457 shares during the period. Summit Global Investments acquired a new stake in shares of AES during the 3rd quarter worth approximately $816,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in AES by 20.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 839,343 shares of the utilities provider's stock valued at $15,049,000 after purchasing an additional 140,610 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of AES by 178.5% during the 1st quarter. Lazard Asset Management LLC now owns 689,879 shares of the utilities provider's stock worth $12,369,000 after buying an additional 442,184 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AES shares. Susquehanna dropped their target price 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. Jefferies Financial Group assumed coverage on shares of AES in a research report on Wednesday, September 11th. They issued a "buy" rating and a $20.00 target price on the stock. Barclays upped their price target 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 upgraded 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 given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, AES currently has an average rating of "Moderate Buy" and an average target price of $22.38.

AES Trading Down 0.2 %

Shares of NYSE AES traded down $0.03 during trading on Friday, reaching $13.97. The company had a trading volume of 11,948,903 shares, compared to its average volume of 8,724,329. The AES Co. has a 12 month low of $13.27 and a 12 month high of $22.21. 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 stock has a market cap of $9.93 billion, a P/E ratio of 9.70 and a beta of 1.10. The company's fifty day moving average price is $17.25 and its 200-day moving average price is $18.09.

AES (NYSE:AES - Get Free Report) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $3.46 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. The company's revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, research analysts expect that The AES Co. will post 1.93 earnings per share for the current year.

AES Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.1725 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a yield of 4.94%. AES's dividend payout ratio (DPR) is currently 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.