The AES Co. (NYSE:AES) Shares Bought by Algert Global LLC

Algert Global LLC lifted its stake in shares of The AES Co. (NYSE:AES - Free Report) by 498.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,175 shares of the utilities provider's stock after buying an additional 116,765 shares during the period. Algert Global LLC's holdings in AES were worth $2,812,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Zurich Insurance Group Ltd FI acquired a new stake in AES during the 2nd quarter valued at approximately $30,746,000. Assenagon Asset Management S.A. grew its position in AES by 169.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,143,688 shares of the utilities provider's stock worth $43,002,000 after purchasing an additional 1,348,195 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of AES by 41.1% in the 2nd quarter. Hsbc Holdings PLC now owns 2,898,119 shares of the utilities provider's stock valued at $51,293,000 after buying an additional 844,888 shares during the period. TCW Group Inc. grew its holdings in AES by 45.8% during the second quarter. TCW Group Inc. now owns 2,639,694 shares of the utilities provider's stock worth $46,379,000 after acquiring an additional 828,840 shares during the period. Finally, M&G PLC lifted its holdings in AES by 12.7% in the third quarter. M&G PLC now owns 6,511,760 shares of the utilities provider's stock valued at $130,235,000 after acquiring an additional 732,457 shares during the period. 93.13% of the stock is owned by hedge funds and other institutional investors.

AES Price Performance

AES traded up $0.39 on Wednesday, reaching $12.97. 4,742,050 shares of the company's stock were exchanged, compared to its average volume of 8,995,604. The stock has a market cap of $9.22 billion, a PE ratio of 8.73 and a beta of 1.10. 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 twelve month low of $12.53 and a twelve month high of $22.21. The stock's fifty day moving average price is $16.60 and its 200-day moving average price is $17.79.

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, beating analysts' consensus estimates of $0.60 by $0.11. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.46 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. The business's revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 earnings per share. Sell-side analysts expect that The AES Co. will post 1.94 EPS for the current year.

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 5.32%. The ex-dividend date of this dividend was Friday, November 1st. AES's payout ratio is currently 47.92%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Barclays lifted their target price on shares of AES from $22.00 to $23.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Jefferies Financial Group initiated coverage on shares of AES in a research report on Wednesday, September 11th. They issued a "buy" rating and a $20.00 price objective for the company. Susquehanna dropped 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. Bank of America assumed coverage on AES in a report on Monday. They issued an "underperform" rating and a $11.00 price target for the company. Finally, Mizuho dropped their price objective on AES from $24.00 to $16.00 and set an "outperform" rating on the stock in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $20.22.

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.