Park Avenue Securities LLC acquired a new position in shares of AES Corp (NYSE:AES) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,955 shares of the utilities provider’s stock, valued at approximately $182,000.

Several other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its stake in shares of AES by 0.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 17,801,885 shares of the utilities provider’s stock worth $238,723,000 after purchasing an additional 91,198 shares in the last quarter. Bank of Montreal Can raised its stake in shares of AES by 292.9% during the 3rd quarter. Bank of Montreal Can now owns 16,000,507 shares of the utilities provider’s stock worth $224,007,000 after purchasing an additional 11,927,913 shares in the last quarter. TCW Group Inc. raised its stake in shares of AES by 1.0% during the 2nd quarter. TCW Group Inc. now owns 10,717,054 shares of the utilities provider’s stock worth $143,715,000 after purchasing an additional 110,234 shares in the last quarter. Bank of America Corp DE raised its stake in shares of AES by 56.6% during the 2nd quarter. Bank of America Corp DE now owns 7,987,170 shares of the utilities provider’s stock worth $107,107,000 after purchasing an additional 2,887,388 shares in the last quarter. Finally, Putnam Investments LLC raised its stake in shares of AES by 33.3% during the 2nd quarter. Putnam Investments LLC now owns 5,666,577 shares of the utilities provider’s stock worth $75,989,000 after purchasing an additional 1,415,813 shares in the last quarter. Institutional investors own 98.78% of the company’s stock.

AES opened at $15.52 on Friday. AES Corp has a 1-year low of $9.86 and a 1-year high of $16.28. The company has a current ratio of 1.24, a quick ratio of 1.18 and a debt-to-equity ratio of 3.17. The firm has a market capitalization of $10.33 billion, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 1.55 and a beta of 0.97.

AES (NYSE:AES) last posted its quarterly earnings results on Tuesday, November 6th. The utilities provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. AES had a positive return on equity of 19.50% and a negative net margin of 2.48%. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter in the prior year, the business earned $0.23 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities analysts expect that AES Corp will post 1.22 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Wednesday, October 31st. AES’s dividend payout ratio (DPR) is presently 48.15%.

AES has been the topic of a number of analyst reports. Morgan Stanley reiterated a “hold” rating and set a $14.50 price objective (up previously from $14.00) on shares of AES in a research note on Thursday, October 11th. ValuEngine upgraded AES from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. Zacks Investment Research upgraded AES from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, October 10th. Finally, TheStreet upgraded AES from a “c+” rating to a “b” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. AES has an average rating of “Hold” and a consensus target price of $14.00.

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AES Company Profile

The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also 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.

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Institutional Ownership by Quarter for AES (NYSE:AES)

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