The AES Co. (NYSE:AES) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of The AES Co. (NYSE:AES - Free Report) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,513,917 shares of the utilities provider's stock after purchasing an additional 181,975 shares during the period. Geode Capital Management LLC owned approximately 2.32% of AES worth $330,125,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Cromwell Holdings LLC lifted its stake in 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 in the last quarter. Raymond James Trust N.A. lifted its position in shares of AES by 1.6% during the second quarter. Raymond James Trust N.A. now owns 44,433 shares of the utilities provider's stock worth $781,000 after purchasing an additional 711 shares in the last quarter. SeaCrest Wealth Management LLC boosted its stake in shares of AES by 3.2% in the third quarter. SeaCrest Wealth Management LLC now owns 26,301 shares of the utilities provider's stock valued at $528,000 after purchasing an additional 826 shares during the period. Empowered Funds LLC grew its holdings in shares of AES by 8.0% in the third quarter. Empowered Funds LLC now owns 11,179 shares of the utilities provider's stock valued at $224,000 after purchasing an additional 830 shares in the last quarter. Finally, OLD Second National Bank of Aurora lifted its holdings in AES by 1.0% during the 3rd quarter. OLD Second National Bank of Aurora now owns 84,624 shares of the utilities provider's stock worth $1,698,000 after buying an additional 835 shares in the last quarter. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on AES. Jefferies Financial Group assumed coverage on AES in a research report on Wednesday, September 11th. They set a "buy" rating and a $20.00 price objective on the stock. Barclays cut their price target on AES from $23.00 to $17.00 and set an "overweight" rating on the stock in a report on Friday. Mizuho lowered their price objective on AES from $24.00 to $16.00 and set an "outperform" rating for the company in a research report on Thursday, November 21st. HSBC began coverage on shares of AES in a report on Friday. They issued a "buy" rating and a $17.00 target price on the stock. Finally, Susquehanna lowered their price target 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $19.30.

AES Stock Down 1.3 %

Shares of NYSE AES traded down $0.17 during mid-day trading on Friday, reaching $13.35. The company had a trading volume of 10,761,415 shares, compared to its average volume of 9,252,403. The firm has a 50 day simple moving average of $14.99 and a two-hundred day simple moving average of $17.12. The AES Co. has a 52-week low of $12.53 and a 52-week high of $22.21. 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 stock has a market cap of $9.49 billion, a P/E ratio of 9.27, a PEG ratio of 0.71 and a beta of 1.01.

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

AES Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.176 per share. The ex-dividend date is Friday, January 31st. This is a positive change from AES's previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.27%. AES's dividend payout ratio (DPR) is 47.92%.

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.