The AES Co. (NYSE:AES) Shares Acquired by Rock Point Advisors LLC

Rock Point Advisors LLC grew its position in shares of The AES Co. (NYSE:AES - Free Report) by 34.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 760,775 shares of the utilities provider's stock after purchasing an additional 195,460 shares during the period. AES accounts for about 4.2% of Rock Point Advisors LLC's investment portfolio, making the stock its 2nd largest position. Rock Point Advisors LLC owned about 0.11% of AES worth $15,261,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AES. Charles Schwab Investment Management Inc. lifted its position in AES by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,694,239 shares of the utilities provider's stock worth $134,286,000 after buying an additional 82,956 shares during the period. M&G PLC boosted its position in shares of AES by 12.7% in the third quarter. M&G PLC now owns 6,511,760 shares of the utilities provider's stock worth $130,235,000 after acquiring an additional 732,457 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in AES by 3.1% in the second quarter. Bank of New York Mellon Corp now owns 4,769,785 shares of the utilities provider's stock valued at $83,805,000 after purchasing an additional 141,565 shares during the period. Empower Advisory Group LLC increased its position in AES by 5.8% during the third quarter. Empower Advisory Group LLC now owns 3,522,334 shares of the utilities provider's stock worth $70,658,000 after purchasing an additional 193,755 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of AES by 16.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,132,744 shares of the utilities provider's stock valued at $55,084,000 after purchasing an additional 444,252 shares during the last quarter. Institutional investors and hedge funds own 93.13% of the company's stock.

Wall Street Analyst Weigh In

AES has been the topic of several research reports. Evercore ISI raised AES to a "strong-buy" rating in a research report on Wednesday, September 18th. Barclays lifted 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. Mizuho reduced their price target on shares of AES from $24.00 to $16.00 and set an "outperform" rating on the stock in a research report on Thursday, November 21st. Susquehanna decreased their price target on shares of AES from $24.00 to $21.00 and set a "positive" rating for the company in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group assumed 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 analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, AES presently has a consensus rating of "Moderate Buy" and an average target price of $20.22.

AES Stock Performance

NYSE:AES traded down $0.59 during mid-day trading on Tuesday, hitting $12.58. The stock had a trading volume of 20,866,880 shares, compared to its average volume of 9,016,027. 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 capitalization of $8.94 billion, a price-to-earnings ratio of 8.88 and a beta of 1.10. The company has a 50 day simple moving average of $16.73 and a 200-day simple moving average of $17.84.

AES (NYSE:AES - Get Free Report) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.11. The firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.46 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. AES's revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. On average, research analysts expect that The AES Co. will post 1.94 earnings per share for the current fiscal year.

AES Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a yield of 5.49%. 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.