Infrastructure Capital Advisors LLC Acquires 106,359 Shares of The AES Co. (NYSE:AES)

Infrastructure Capital Advisors LLC increased its position in shares of The AES Co. (NYSE:AES) by 200.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,323 shares of the utilities provider’s stock after acquiring an additional 106,359 shares during the quarter. Infrastructure Capital Advisors LLC’s holdings in AES were worth $3,196,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AES. Zurich Insurance Group Ltd FI acquired a new position in shares of AES during the second quarter valued at $30,746,000. Assenagon Asset Management S.A. lifted its stake in shares of AES by 169.5% during the third quarter. Assenagon Asset Management S.A. now owns 2,143,688 shares of the utilities provider’s stock valued at $43,002,000 after acquiring an additional 1,348,195 shares during the period. Bridgewater Associates LP acquired a new position in AES in the third quarter valued at about $17,390,000. Hsbc Holdings PLC lifted its stake in AES by 41.1% in the second quarter. Hsbc Holdings PLC now owns 2,898,119 shares of the utilities provider’s stock valued at $51,293,000 after buying an additional 844,888 shares during the period. Finally, TCW Group Inc. lifted its stake in AES by 45.8% in the second quarter. TCW Group Inc. now owns 2,639,694 shares of the utilities provider’s stock valued at $46,379,000 after buying an additional 828,840 shares during the period. Institutional investors and hedge funds own 93.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on AES. Bank of America began coverage on AES in a research note on Monday. They issued an “underperform” rating and a $11.00 target price on the stock. Susquehanna cut their target price on AES from $24.00 to $21.00 and set a “positive” rating on the stock in a research note on Tuesday, November 5th. Mizuho cut their target price on AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, November 21st. Barclays raised their price target on AES from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Evercore ISI raised 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 assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $20.22.

AES Stock Up 3.3 %

NYSE:AES opened at $12.99 on Friday. 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 stock has a 50-day simple moving average of $16.47 and a 200 day simple moving average of $17.76. The company has a market cap of $9.24 billion, a PE ratio of 9.02 and a beta of 1.10. The AES Co. has a 52-week low of $12.53 and a 52-week high of $22.21.

AES (NYSE:AES) last posted its quarterly earnings results 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. The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.46 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. The business’s revenue was down 4.2% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. On average, sell-side analysts expect that The AES Co. will post 1.94 EPS for the current fiscal year.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $0.1725 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a yield of 5.31%. AES’s dividend payout ratio is 47.92%.

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.