The AES Corporation $AES Shares Sold by Carson Advisory Inc.

Carson Advisory Inc. lessened its position in shares of The AES Corporation (NYSE:AES) by 82.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,688 shares of the utilities provider’s stock after selling 227,289 shares during the quarter. Carson Advisory Inc.’s holdings in AES were worth $740,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of AES during the 2nd quarter worth approximately $722,429,000. HBK Investments L P purchased a new position in shares of AES in the second quarter valued at $162,298,000. Bank of New York Mellon Corp purchased a new position in shares of AES in the second quarter valued at $97,056,000. Bank of America Corp DE bought a new stake in AES in the second quarter worth $80,584,000. Finally, Man Group plc bought a new stake in AES in the second quarter worth $65,159,000. Institutional investors own 93.13% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on AES. Wall Street Zen raised shares of AES to a “buy” rating in a research note on Saturday, November 7th. Weiss Ratings raised shares of AES from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. Seven equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $15.80.

AES Trading Up 0.1%

Shares of NYSE AES opened at $14.93 on Friday. The business’s 50 day moving average is $14.90 and its two-hundred day moving average is $14.80. The company has a debt-to-equity ratio of 2.81, a current ratio of 0.86 and a quick ratio of 0.78. The AES Corporation has a 1-year low of $13.28 and a 1-year high of $17.65. The stock has a market capitalization of $10.65 billion, a P/E ratio of 5.99 and a beta of 0.95.

AES Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 13th. Stockholders of record on Friday, October 30th were given a dividend of $0.1759 per share. The ex-dividend date of this dividend was Friday, October 30th. This represents a $0.70 annualized dividend and a dividend yield of 4.7%. AES’s payout ratio is currently 28.11%.

About AES

The AES Corporation is a global power company that develops and operates electricity generation and energy infrastructure. Its portfolio includes renewable energy, natural gas and other power generation, as well as battery energy storage. AES also helps businesses and other customers procure electricity and pursue clean-energy goals. Founded in 1981 as Applied Energy Services, the company has expanded from its U.S. origins to serve customers across multiple regions, including the Americas, Europe and Asia.