Livforsakringsbolaget Skandia Omsesidigt Acquires Shares of 3,700 The AES Co. (NYSE:AES)

Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of The AES Co. (NYSE:AES) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,700 shares of the utilities provider’s stock, valued at approximately $74,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital International Investors grew its position in shares of AES by 11.4% in the first quarter. Capital International Investors now owns 77,641,395 shares of the utilities provider’s stock valued at $1,392,110,000 after purchasing an additional 7,969,594 shares during the last quarter. M&G Plc bought a new position in AES during the 1st quarter worth $123,272,000. Vanguard Group Inc. lifted its holdings in shares of AES by 2.2% during the first quarter. Vanguard Group Inc. now owns 89,725,232 shares of the utilities provider’s stock worth $1,608,773,000 after buying an additional 1,929,523 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of AES in the second quarter valued at about $30,746,000. Finally, Zimmer Partners LP increased its position in AES by 482.8% during the first quarter. Zimmer Partners LP now owns 1,865,000 shares of the utilities provider’s stock worth $33,439,000 after acquiring an additional 1,545,000 shares during the period. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Price Performance

Shares of AES stock opened at $17.90 on Thursday. The business has a fifty day simple moving average of $17.96 and a 200 day simple moving average of $18.36. The company has a market cap of $12.72 billion, a P/E ratio of 24.86 and a beta of 1.07. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 3.63. The AES Co. has a twelve month low of $13.35 and a twelve month high of $22.21.

AES (NYSE:AES) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.22 billion. AES had a net margin of 6.07% and a return on equity of 32.74%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.21 EPS. On average, sell-side analysts forecast that The AES Co. will post 1.9 EPS for the current fiscal year.

AES Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.1725 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a yield of 3.85%. AES’s dividend payout ratio is currently 95.83%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Jefferies Financial Group initiated coverage on shares of AES in a research report on Wednesday, September 11th. They set a “buy” rating and a $20.00 target price on the stock. Barclays lowered their price objective on AES from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Finally, Evercore ISI upgraded AES to a “strong-buy” rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, AES currently has a consensus rating of “Moderate Buy” and an average price target of $22.43.

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.