United Advisor Group LLC Purchases New Position in The AES Co. (NYSE:AES)

United Advisor Group LLC acquired a new position in The AES Co. (NYSE:AES) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,362 shares of the utilities provider’s stock, valued at approximately $368,000.

Other institutional investors have also recently made changes to their positions in the company. Rise Advisors LLC raised 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 during the period. Rothschild Investment LLC purchased a new stake in shares of AES in the second quarter valued at approximately $28,000. UMB Bank n.a. raised its stake in shares of AES by 102.3% during the 2nd quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock worth $31,000 after buying an additional 898 shares during the period. nVerses Capital LLC purchased a new position in shares of AES during the 2nd quarter valued at approximately $33,000. Finally, Cromwell Holdings LLC grew its stake in 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 period. 93.13% of the stock is owned by hedge funds and other institutional investors.

AES Price Performance

AES stock opened at $14.20 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The stock has a market cap of $10.10 billion, a P/E ratio of 9.86 and a beta of 1.10. The company has a 50-day moving average price of $17.70 and a 200 day moving average price of $18.26. The AES Co. has a 12-month low of $13.85 and a 12-month high of $22.21.

AES (NYSE:AES) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 EPS 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 firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. Sell-side analysts anticipate that The AES Co. will post 1.93 earnings per share for the current year.

AES Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend is Friday, November 1st. AES’s dividend payout ratio (DPR) is presently 47.92%.

Wall Street Analyst Weigh In

AES has been the topic of several recent analyst reports. Barclays increased their price objective on shares of AES from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Jefferies Financial Group assumed coverage on AES in a research note on Wednesday, September 11th. They set a “buy” rating and a $20.00 price objective for the company. Evercore ISI upgraded AES to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, Susquehanna dropped their price target on AES from $24.00 to $21.00 and set a “positive” rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.