The AES Corporation $AES Stock: Nisa Investment Advisors LLC Reduces Stake

Nisa Investment Advisors LLC lessened its position in shares of The AES Corporation (NYSE:AES) by 14.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 255,036 shares of the utilities provider’s stock after selling 44,231 shares during the quarter. Nisa Investment Advisors LLC’s holdings in AES were worth $3,800,000 at the end of the most recent quarter.

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

AES Price Performance

Shares of AES opened at $14.98 on Friday. 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 AES Corporation has a 1 year low of $13.21 and a 1 year high of $17.65. The stock has a market cap of $10.69 billion, a P/E ratio of 5.72 and a beta of 0.97. The stock’s 50-day moving average price is $14.85 and its two-hundred day moving average price is $14.70.

AES (NYSE:AES) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.15. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.11 billion. AES had a return on equity of 20.69% and a net margin of 14.30%. On average, equities analysts predict that The AES Corporation will post 2.02 earnings per share for the current year.

AES Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, 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, the company presently has a consensus 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 power generation and utility businesses. Its activities include generating and supplying electricity, developing renewable energy projects, and providing energy infrastructure and related services.

The company’s portfolio includes solar, wind, battery energy storage and hydroelectric facilities, as well as natural gas-fired generation and other conventional power assets. AES also works with businesses and other energy users to provide customized clean-energy solutions, including renewable power procurement and storage.

Founded in 1981 as Applied Energy Services, AES serves customers through operations and projects in the United States and international markets across North and South America, Europe and Asia.