38,474 Shares of The AES Corporation $AES Purchased by B.A. Schrock Wealth Management Inc.

B.A. Schrock Wealth Management Inc. bought a new position in The AES Corporation (NYSE:AES) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 38,474 shares of the utilities provider’s stock, valued at approximately $574,000.

Other hedge funds have also modified their holdings of the company. Mather Group LLC. boosted its position in shares of AES by 15.3% in the 3rd quarter. Mather Group LLC. now owns 32,582 shares of the utilities provider’s stock worth $485,000 after purchasing an additional 4,334 shares in the last quarter. Wedmont Private Capital increased its position in AES by 6.2% during the 3rd quarter. Wedmont Private Capital now owns 17,078 shares of the utilities provider’s stock valued at $255,000 after buying an additional 1,001 shares in the last quarter. GAMMA Investing LLC raised its stake in AES by 47.4% in the third quarter. GAMMA Investing LLC now owns 49,985 shares of the utilities provider’s stock valued at $745,000 after buying an additional 16,064 shares during the last quarter. Farther Finance Advisors LLC raised its stake in AES by 135.7% in the third quarter. Farther Finance Advisors LLC now owns 59,641 shares of the utilities provider’s stock valued at $889,000 after buying an additional 34,341 shares during the last quarter. Finally, CX Institutional raised its stake in AES by 31.3% in the third quarter. CX Institutional now owns 19,652 shares of the utilities provider’s stock valued at $293,000 after buying an additional 4,687 shares during the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.

AES Trading Down 0.2%

NYSE AES opened at $14.96 on Thursday. The AES Corporation has a 12-month low of $13.21 and a 12-month high of $17.65. The company has a fifty day simple moving average of $14.82 and a two-hundred day simple moving average of $14.66. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 2.93. The stock has a market cap of $10.67 billion, a P/E ratio of 5.71 and a beta of 0.97.

AES (NYSE:AES) last announced its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.15. AES had a net margin of 14.30% and a return on equity of 20.69%. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.11 billion. On average, analysts forecast that The AES Corporation will post 2.02 earnings per share for the current year.

AES Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued a $0.1759 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.70 dividend on an annualized basis and a yield of 4.7%. AES’s dividend payout ratio is presently 26.72%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of AES from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. Seven equities research analysts have rated the stock with a Hold rating. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.83.

AES Company Profile

AES Corporation is a global energy company that develops, owns and operates electricity generation and utility businesses. Its activities include renewable energy, natural gas-fired generation, battery energy storage and other energy infrastructure, as well as the distribution of electricity to customers through regulated utility operations.

The company serves residential, commercial and industrial customers in the United States and international markets, including countries in Latin America.