Bowling Portfolio Management LLC raised its stake in The AES Co. (NYSE:AES) by 11.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 56,681 shares of the utilities provider’s stock after purchasing an additional 5,868 shares during the quarter. Bowling Portfolio Management LLC’s holdings in The AES were worth $1,026,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital World Investors lifted its position in The AES by 11.1% in the first quarter. Capital World Investors now owns 81,387,714 shares of the utilities provider’s stock valued at $1,106,873,000 after buying an additional 8,136,370 shares during the last quarter. State Street Corp lifted its position in shares of The AES by 1.9% during the first quarter. State Street Corp now owns 35,165,849 shares of the utilities provider’s stock worth $478,256,000 after purchasing an additional 661,358 shares in the last quarter. FMR LLC lifted its position in shares of The AES by 8.9% during the second quarter. FMR LLC now owns 29,595,834 shares of the utilities provider’s stock worth $428,843,000 after purchasing an additional 2,427,507 shares in the last quarter. Capital International Investors lifted its position in shares of The AES by 85.7% during the first quarter. Capital International Investors now owns 12,010,787 shares of the utilities provider’s stock worth $163,347,000 after purchasing an additional 5,543,434 shares in the last quarter. Finally, Electron Capital Partners LLC lifted its position in shares of The AES by 133.4% during the second quarter. Electron Capital Partners LLC now owns 6,940,553 shares of the utilities provider’s stock worth $100,569,000 after purchasing an additional 3,966,426 shares in the last quarter. 92.90% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of The AES from $19.00 to $23.50 and gave the stock an “overweight” rating in a research report on Friday, September 18th. They noted that the move was a valuation call. ValuEngine raised shares of The AES from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, TheStreet cut shares of The AES from a “b-” rating to a “c” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $18.19.

AES stock opened at $19.90 on Friday. The company’s 50 day moving average price is $18.27 and its 200 day moving average price is $15.18. The company has a debt-to-equity ratio of 4.16, a quick ratio of 1.00 and a current ratio of 1.10. The AES Co. has a fifty-two week low of $8.11 and a fifty-two week high of $21.23. The firm has a market capitalization of $13.24 billion, a price-to-earnings ratio of 66.33, a PEG ratio of 1.76 and a beta of 0.97.

The AES (NYSE:AES) last released its earnings results on Thursday, August 6th. The utilities provider reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.54 billion. The AES had a net margin of 2.01% and a return on equity of 24.35%. The business’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. Equities analysts forecast that The AES Co. will post 1.38 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be paid a $0.1433 dividend. This represents a $0.57 annualized dividend and a yield of 2.88%. The AES’s dividend payout ratio is currently 41.91%.

About The AES

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 The AES (NYSE:AES)

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