The AES Co. (NYSE:AES) Shares Sold by Centiva Capital LP

Centiva Capital LP decreased its holdings in shares of The AES Co. (NYSE:AES - Free Report) by 69.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,113 shares of the utilities provider's stock after selling 63,482 shares during the quarter. Centiva Capital LP's holdings in AES were worth $564,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new stake in shares of AES during the 2nd quarter worth $28,000. UMB Bank n.a. raised its holdings in 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 acquiring an additional 898 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of AES in the 2nd quarter valued at $33,000. Cromwell Holdings LLC raised its stake in shares of AES by 59.1% in the third quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider's stock worth $35,000 after acquiring an additional 640 shares during the last quarter. Finally, Crewe Advisors LLC boosted its position in shares of AES by 183.8% in the 2nd quarter. Crewe Advisors LLC now owns 3,023 shares of the utilities provider's stock worth $53,000 after purchasing an additional 1,958 shares during the last quarter. Institutional investors and hedge funds own 93.13% of the company's stock.

Analyst Upgrades and Downgrades

AES has been the topic of several recent research reports. Mizuho cut their price target on AES from $24.00 to $16.00 and set an "outperform" rating for the company in a research note on Thursday, November 21st. Bank of America initiated coverage on AES in a research note on Monday, November 25th. They issued an "underperform" rating and a $11.00 price objective on the stock. Barclays raised 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. Jefferies Financial Group initiated coverage on AES in a research note on Wednesday, September 11th. They set a "buy" rating and a $20.00 price target on the stock. Finally, Susquehanna decreased their price objective on AES from $24.00 to $21.00 and set a "positive" rating for the company in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $20.22.

AES Price Performance

NYSE AES traded down $0.24 on Friday, hitting $13.05. The stock had a trading volume of 8,687,536 shares, compared to its average volume of 16,073,056. The firm has a 50-day moving average of $15.60 and a 200-day moving average of $17.38. The AES Co. has a 52-week low of $12.53 and a 52-week high of $22.21. The company has a market capitalization of $9.28 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 0.70 and a beta of 1.01. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85.

AES (NYSE:AES - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.11. The business had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $3.46 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. The business's revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 earnings per share. Equities analysts expect that The AES Co. will post 1.95 EPS for the current year.

AES Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.176 dividend. This represents a $0.70 annualized dividend and a yield of 5.39%. This is a boost from AES's previous quarterly dividend of $0.17. AES's payout ratio is currently 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.