UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in The AES Co. (NYSE:AES)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in The AES Co. (NYSE:AES) by 9.4% during the 3rd quarter, Holdings Channel reports. The fund owned 2,946,862 shares of the utilities provider’s stock after acquiring an additional 254,197 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in AES were worth $59,114,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AES. Rothschild Investment LLC purchased a new stake in shares of AES in the 2nd quarter valued at approximately $28,000. UMB Bank n.a. raised its stake in 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 buying an additional 898 shares in the last quarter. nVerses Capital LLC purchased a new stake in AES during the 2nd quarter worth about $33,000. Cromwell Holdings LLC increased its holdings in shares of AES by 59.1% in the 3rd quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 640 shares during the last quarter. Finally, Crewe Advisors LLC raised its position in shares of AES by 183.8% during the 2nd quarter. Crewe Advisors LLC now owns 3,023 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 1,958 shares in the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Stock Performance

Shares of AES opened at $13.01 on Tuesday. The AES Co. has a 1 year low of $12.53 and a 1 year high of $22.21. The stock has a market capitalization of $9.25 billion, a P/E ratio of 9.03, a P/E/G ratio of 0.68 and a beta of 1.10. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The company’s fifty day moving average is $16.24 and its two-hundred day moving average is $17.63.

AES (NYSE:AES) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. AES had a return on equity of 27.30% and a net margin of 8.34%. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the previous year, the company earned $0.60 EPS. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, sell-side analysts predict that The AES Co. will post 1.95 earnings per share for the current year.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.1725 per share. The ex-dividend date was Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.30%. AES’s dividend payout ratio (DPR) is presently 47.92%.

Wall Street Analyst Weigh In

Several equities analysts have commented on AES shares. Evercore ISI upgraded shares of AES to a “strong-buy” rating in a research note on Wednesday, September 18th. Jefferies Financial Group began coverage on shares of AES in a research note on Wednesday, September 11th. They set a “buy” rating and a $20.00 price target on the stock. Susquehanna dropped their price objective on AES from $24.00 to $21.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. Mizuho reduced their target price on AES from $24.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, November 21st. Finally, Barclays raised their price target on AES from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.22.

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.