King Luther Capital Management Corp Has $3.45 Million Stock Holdings in The AES Co. (NYSE:AES)

King Luther Capital Management Corp increased its stake in The AES Co. (NYSE:AES) by 10.5% during the third quarter, HoldingsChannel reports. The firm owned 172,000 shares of the utilities provider’s stock after acquiring an additional 16,365 shares during the period. King Luther Capital Management Corp’s holdings in AES were worth $3,450,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rise Advisors LLC increased its position in shares of AES by 92.4% in the second quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 720 shares in the last quarter. Rothschild Investment LLC purchased a new position in AES during the 2nd quarter worth approximately $28,000. UMB Bank n.a. lifted its holdings in shares of AES by 102.3% in the second quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 898 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of AES during the second quarter valued at $33,000. Finally, Cromwell Holdings LLC raised its position in AES by 59.1% during the third quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock valued at $35,000 after buying an additional 640 shares during the period. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Price Performance

NYSE AES opened at $13.04 on Friday. 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 firm has a market cap of $9.27 billion, a P/E ratio of 9.02 and a beta of 1.10. The stock’s 50-day moving average is $16.96 and its two-hundred day moving average is $17.95. The AES Co. has a fifty-two week low of $12.97 and a fifty-two week high of $22.21.

AES (NYSE:AES) last posted its earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share 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 firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period in the previous year, the company earned $0.60 EPS. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, analysts anticipate that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 yield of 5.29%. The ex-dividend date of this dividend was Friday, November 1st. AES’s dividend payout ratio is 47.92%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Evercore ISI raised AES to a “strong-buy” rating in a research note on Wednesday, September 18th. Barclays upped their price objective on shares of AES from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Jefferies Financial Group began coverage on shares of AES in a report on Wednesday, September 11th. They set a “buy” rating and a $20.00 price target on the stock. Mizuho reduced 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. Finally, 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. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.38.

AES Company 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.