The AES Co. (NYSE:AES) Stock Holdings Boosted by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC lifted its holdings in shares of The AES Co. (NYSE:AES - Free Report) by 200.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,323 shares of the utilities provider's stock after acquiring an additional 106,359 shares during the quarter. Infrastructure Capital Advisors LLC's holdings in AES were worth $3,196,000 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 business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of AES by 9.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,946,862 shares of the utilities provider's stock worth $59,114,000 after buying an additional 254,197 shares during the period. Public Sector Pension Investment Board boosted its holdings in AES by 3.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 124,196 shares of the utilities provider's stock worth $2,491,000 after acquiring an additional 3,700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in AES by 28.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 257,368 shares of the utilities provider's stock valued at $5,163,000 after acquiring an additional 56,879 shares in the last quarter. Providence Capital Advisors LLC raised its stake in shares of AES by 1.3% during the third quarter. Providence Capital Advisors LLC now owns 372,983 shares of the utilities provider's stock valued at $7,482,000 after purchasing an additional 4,947 shares during the period. Finally, Bridgewater Associates LP acquired a new position in shares of AES during the third quarter worth $17,390,000. 93.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AES shares. Jefferies Financial Group assumed coverage on shares of AES in a report on Wednesday, September 11th. They set a "buy" rating and a $20.00 price target for the company. Barclays lifted their target price on AES from $22.00 to $23.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Evercore ISI raised AES to a "strong-buy" rating in a report on Wednesday, September 18th. Bank of America began coverage on AES in a report on Monday. They set an "underperform" rating and a $11.00 price objective on the stock. Finally, Susquehanna cut their target price on AES from $24.00 to $21.00 and set a "positive" rating on the stock in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $20.22.

AES Stock Performance

Shares of AES stock traded up $0.05 on Friday, hitting $13.04. 7,963,525 shares of the stock traded hands, compared to its average volume of 9,044,832. The company has a market capitalization of $9.27 billion, a PE ratio of 9.02, a PEG ratio of 0.68 and a beta of 1.10. The company's fifty day moving average is $16.36 and its 200 day moving average is $17.72. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The AES Co. has a 1-year low of $12.53 and a 1-year high of $22.21.

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

AES Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date was Friday, November 1st. AES's payout ratio is 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.