Charles Schwab Investment Management Inc. Increases Stock Position in The AES Co. (NYSE:AES)

Charles Schwab Investment Management Inc. lifted its holdings in The AES Co. (NYSE:AES - Free Report) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,694,239 shares of the utilities provider's stock after buying an additional 82,956 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.94% of AES worth $134,286,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AES. Rise Advisors LLC raised its position in AES by 92.4% in the second quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider's stock worth $26,000 after acquiring an additional 720 shares during the period. Rothschild Investment LLC purchased a new position in AES in the second quarter valued at approximately $28,000. UMB Bank n.a. increased its position in AES by 102.3% in the second quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider's stock worth $31,000 after buying an additional 898 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of AES in the second quarter valued at $33,000. Finally, Cromwell Holdings LLC grew its stake in shares of AES by 59.1% during the 3rd 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 period. 93.13% of the stock is owned by hedge funds and other institutional investors.

AES Price Performance

Shares of AES traded up $0.12 during trading hours on Monday, reaching $13.16. 16,811,404 shares of the company's stock traded hands, compared to its average volume of 8,940,546. 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's 50 day simple moving average is $16.85 and its 200-day simple moving average is $17.89. The stock has a market cap of $9.36 billion, a PE ratio of 9.00 and a beta of 1.10. The AES Co. has a 12 month low of $12.97 and a 12 month high of $22.21.

AES (NYSE:AES - Get Free Report) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.71 EPS for the quarter, beating 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 return on equity of 27.30% and a net margin of 8.34%. The firm's revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 earnings per share. Equities analysts expect that The AES Co. will post 1.94 EPS for the current year.

AES Dividend Announcement

The firm also recently declared 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 5.24%. The ex-dividend date of this dividend was Friday, November 1st. AES's dividend payout ratio is presently 47.92%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AES shares. Mizuho lowered their price objective on AES from $24.00 to $16.00 and set an "outperform" rating on the stock in a research note on Thursday. Barclays upped 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. Bank of America started coverage on shares of AES in a report on Monday. They set an "underperform" rating and a $11.00 target price on the stock. Susquehanna cut their price target on AES from $24.00 to $21.00 and set a "positive" rating for the company in a report on Tuesday, November 5th. Finally, Jefferies Financial Group began coverage on AES in a research note on Wednesday, September 11th. They set a "buy" rating and a $20.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $20.22.

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.