The AES Co. (NYSE:AES) Shares Sold by ClearAlpha Technologies LP

ClearAlpha Technologies LP lessened its stake in shares of The AES Co. (NYSE:AES) by 21.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,457 shares of the utilities provider’s stock after selling 3,341 shares during the period. ClearAlpha Technologies LP’s holdings in AES were worth $250,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AES. Rothschild Investment LLC acquired a new position in shares of AES in the 2nd quarter valued at $28,000. UMB Bank n.a. grew its stake in AES by 102.3% during the 2nd quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 898 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of AES in the second quarter valued at about $33,000. Cromwell Holdings LLC raised its stake in shares of AES by 59.1% in the third quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 640 shares during the last quarter. Finally, Crewe Advisors LLC boosted its position in AES by 183.8% in the second quarter. Crewe Advisors LLC now owns 3,023 shares of the utilities provider’s stock valued at $53,000 after buying an additional 1,958 shares during the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Bank of America began coverage on shares of AES in a research report on Monday, November 25th. They set an “underperform” rating and a $11.00 price target for the company. Susquehanna decreased their target price on shares of AES from $24.00 to $21.00 and set a “positive” rating for the company in a research report on Tuesday, November 5th. Jefferies Financial Group initiated coverage on AES in a research report on Wednesday, September 11th. They set a “buy” rating and a $20.00 price target on the stock. Barclays upped their target price on AES from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Evercore ISI raised AES to a “strong-buy” rating in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, AES currently has a consensus rating of “Moderate Buy” and an average target price of $20.22.

AES Stock Down 0.2 %

Shares of AES opened at $13.01 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The firm has a market cap of $9.25 billion, a P/E ratio of 9.03, a PEG ratio of 0.68 and a beta of 1.10. The stock’s 50 day moving average is $16.24 and its two-hundred day moving average is $17.63. The AES Co. has a 12 month low of $12.53 and a 12 month high of $22.21.

AES (NYSE:AES) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.46 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. Analysts predict that The AES Co. will post 1.95 earnings per share for the current fiscal year.

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 5.30%. The ex-dividend date was Friday, November 1st. AES’s payout ratio is 47.92%.

AES 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.