Thoroughbred Financial Services LLC Purchases Shares of 21,977 The AES Co. (NYSE:AES)

Thoroughbred Financial Services LLC purchased a new stake in The AES Co. (NYSE:AES) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 21,977 shares of the utilities provider’s stock, valued at approximately $386,000.

A number of other hedge funds have also made changes to their positions in AES. Rise Advisors LLC increased its stake 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 acquiring an additional 720 shares during the period. Rothschild Investment LLC acquired a new position in shares of AES during the second quarter valued at approximately $28,000. UMB Bank n.a. increased its stake in shares of AES by 102.3% during the second quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 898 shares during the period. Riverview Trust Co acquired a new position in shares of AES during the first quarter valued at approximately $33,000. Finally, nVerses Capital LLC acquired a new position in shares of AES during the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on AES shares. Barclays decreased their price target on shares of AES from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Jefferies Financial Group started coverage on shares of AES in a research report on Wednesday, September 11th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Seaport Res Ptn lowered shares of AES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.50.

AES Trading Up 2.5 %

AES stock opened at $19.01 on Tuesday. The company has a 50 day moving average price of $17.31 and a 200 day moving average price of $17.93. The AES Co. has a 52 week low of $11.43 and a 52 week high of $22.21. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.91 and a current ratio of 0.97. The firm has a market capitalization of $13.51 billion, a price-to-earnings ratio of 26.40 and a beta of 1.07.

AES (NYSE:AES) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.22 billion. AES had a net margin of 6.07% and a return on equity of 32.74%. The company’s revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. Research analysts forecast that The AES Co. will post 1.91 EPS for the current year.

AES Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Thursday, August 1st. AES’s dividend payout ratio (DPR) is currently 95.83%.

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.