Empower Advisory Group LLC Buys 193,755 Shares of The AES Co. (NYSE:AES)

Empower Advisory Group LLC raised its position in The AES Co. (NYSE:AES - Free Report) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,522,334 shares of the utilities provider's stock after purchasing an additional 193,755 shares during the quarter. Empower Advisory Group LLC owned 0.50% of AES worth $70,658,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Rise Advisors LLC boosted its position in shares of AES by 92.4% during the second quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider's stock valued at $26,000 after buying an additional 720 shares during the last quarter. Rothschild Investment LLC bought a new stake in AES during the second quarter worth $28,000. Cromwell Holdings LLC lifted 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 worth $35,000 after acquiring an additional 640 shares during the period. UMB Bank n.a. raised its stake in shares of AES by 102.3% in the second quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider's stock valued at $31,000 after buying an additional 898 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of AES in the second quarter valued at $33,000. 93.13% of the stock is currently owned by institutional investors.

AES Stock Up 0.1 %

Shares of AES stock traded up $0.02 during midday trading on Wednesday, hitting $13.47. The company had a trading volume of 5,826,120 shares, compared to its average volume of 8,660,137. The stock has a market capitalization of $9.58 billion, a P/E ratio of 9.35 and a beta of 1.10. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The AES Co. has a 52-week low of $13.27 and a 52-week high of $22.21. The company has a 50 day moving average of $17.42 and a 200 day moving average of $18.17.

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. AES had a net margin of 8.34% and a return on equity of 27.30%. The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period in the previous year, the business earned $0.60 EPS. The firm's revenue for the quarter was down 4.2% on a year-over-year basis. On average, equities analysts predict that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date is Friday, November 1st. AES's dividend payout ratio is 47.92%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AES. 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. Barclays boosted their price objective on AES from $22.00 to $23.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Evercore ISI upgraded AES to a "strong-buy" rating in a research report on Wednesday, September 18th. Finally, Susquehanna cut 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. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.38.

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.