O Shaughnessy Asset Management LLC bought a new position in shares of AES Corp (NYSE:AES) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,239 shares of the utilities provider’s stock, valued at approximately $100,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. CIBC World Markets Inc. increased its holdings in shares of AES by 2.7% in the second quarter. CIBC World Markets Inc. now owns 147,954 shares of the utilities provider’s stock valued at $1,984,000 after purchasing an additional 3,846 shares during the last quarter. Aperio Group LLC increased its holdings in shares of AES by 1.4% in the third quarter. Aperio Group LLC now owns 295,145 shares of the utilities provider’s stock valued at $4,132,000 after purchasing an additional 4,145 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its holdings in shares of AES by 1.7% in the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 280,887 shares of the utilities provider’s stock valued at $3,767,000 after purchasing an additional 4,664 shares during the last quarter. Kendall Capital Management increased its holdings in shares of AES by 5.9% in the second quarter. Kendall Capital Management now owns 88,225 shares of the utilities provider’s stock valued at $1,183,000 after purchasing an additional 4,925 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of AES by 5.9% in the second quarter. Captrust Financial Advisors now owns 93,143 shares of the utilities provider’s stock valued at $1,249,000 after purchasing an additional 5,155 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

AES stock opened at $15.51 on Monday. The company has a debt-to-equity ratio of 3.17, a quick ratio of 1.10 and a current ratio of 1.24. AES Corp has a 52 week low of $9.86 and a 52 week high of $16.28. The stock has a market capitalization of $10.27 billion, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 1.53 and a beta of 0.97.

AES (NYSE:AES) last released its quarterly earnings results on Tuesday, November 6th. The utilities provider reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. AES had a negative net margin of 2.48% and a positive return on equity of 19.50%. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same period in the prior year, the company posted $0.23 earnings per share. AES’s revenue was up 5.3% compared to the same quarter last year. On average, analysts predict that AES Corp will post 1.22 EPS for the current year.

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

Several equities analysts have commented on the stock. TheStreet upgraded shares of AES from a “c+” rating to a “b” rating in a report on Tuesday, November 6th. Morgan Stanley reiterated a “hold” rating and issued a $14.50 price objective (up from $14.00) on shares of AES in a report on Thursday, October 11th. ValuEngine upgraded shares of AES from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Finally, Zacks Investment Research upgraded shares of AES from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Wednesday, October 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $14.00.

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AES 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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