Kayne Anderson Capital Advisors LP Lowers Holdings in The AES Co. (NYSE:AES)

Kayne Anderson Capital Advisors LP lowered its position in The AES Co. (NYSE:AES - Free Report) by 17.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 401,903 shares of the utilities provider's stock after selling 85,355 shares during the period. Kayne Anderson Capital Advisors LP owned 0.06% of AES worth $8,062,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AES. CWM LLC grew its stake in shares of AES by 2.4% in the second quarter. CWM LLC now owns 27,122 shares of the utilities provider's stock worth $477,000 after acquiring an additional 628 shares during the last quarter. Cromwell Holdings LLC increased 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 valued at $35,000 after purchasing an additional 640 shares in the last quarter. Raymond James Trust N.A. lifted its stake in shares of AES by 1.6% in the second quarter. Raymond James Trust N.A. now owns 44,433 shares of the utilities provider's stock worth $781,000 after buying an additional 711 shares in the last quarter. Rise Advisors LLC grew its holdings 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. Finally, SeaCrest Wealth Management LLC increased its position in shares of AES by 3.2% during the third quarter. SeaCrest Wealth Management LLC now owns 26,301 shares of the utilities provider's stock valued at $528,000 after acquiring an additional 826 shares in the last quarter. Hedge funds and other institutional investors own 93.13% of the company's stock.

AES Stock Down 1.7 %

Shares of NYSE:AES traded down $0.24 during trading on Monday, reaching $13.74. The stock had a trading volume of 8,499,826 shares, compared to its average volume of 8,723,279. The firm's 50-day simple moving average is $17.20 and its 200 day simple moving average is $18.05. The AES Co. has a one year low of $13.27 and a one year high of $22.21. The company has a market capitalization of $9.77 billion, a P/E ratio of 9.54 and a beta of 1.10. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21.

AES (NYSE:AES - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.11. The firm 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. As a group, research analysts expect that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.1725 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a yield of 5.02%. AES's dividend payout ratio (DPR) is 47.92%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AES. Susquehanna lowered their price objective on shares of AES from $24.00 to $21.00 and set a "positive" rating on the stock in a research report on Tuesday, November 5th. Evercore ISI raised AES to a "strong-buy" rating in a report on Wednesday, September 18th. Jefferies Financial Group started coverage on AES in a report on Wednesday, September 11th. They issued a "buy" rating and a $20.00 target price for the company. Finally, Barclays raised their price objective on shares of AES from $22.00 to $23.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $22.38.

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.