Quantbot Technologies LP Sells 38,958 Shares of The AES Co. (NYSE:AES)

Quantbot Technologies LP cut its holdings in shares of The AES Co. (NYSE:AES) by 16.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 204,381 shares of the utilities provider’s stock after selling 38,958 shares during the period. Quantbot Technologies LP’s holdings in AES were worth $4,100,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Rise Advisors LLC boosted its stake in AES by 92.4% in the second quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 720 shares in the last quarter. Rothschild Investment LLC acquired a new stake in AES in the second quarter valued at approximately $28,000. Cromwell Holdings LLC boosted its stake in AES by 59.1% in the third quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 640 shares in the last quarter. UMB Bank n.a. boosted its stake in AES by 102.3% in the second quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 898 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of AES in the second quarter worth $33,000. 93.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Evercore ISI raised shares of AES to a “strong-buy” rating in a report on Wednesday, September 18th. Barclays raised their target price on shares of AES from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Mizuho reduced their target price on shares of AES from $24.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, November 21st. Bank of America initiated coverage on shares of AES in a report on Monday. They set an “underperform” rating and a $11.00 target price for the company. Finally, Jefferies Financial Group initiated coverage on shares of AES in a report on Wednesday, September 11th. They set a “buy” rating and a $20.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.22.

AES Stock Down 4.4 %

Shares of NYSE AES opened at $12.58 on Wednesday. The company’s 50-day simple moving average is $16.73 and its 200-day simple moving average is $17.84. The AES Co. has a 52-week low of $12.53 and a 52-week high of $22.21. The firm has a market cap of $8.94 billion, a price-to-earnings ratio of 8.73 and a beta of 1.10. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21.

AES (NYSE:AES) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.11. AES had a net margin of 8.34% and a return on equity of 27.30%. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter last year, the business earned $0.60 earnings per share. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. Equities analysts predict that The AES Co. will post 1.94 EPS for the current fiscal year.

AES Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.1725 per share. The ex-dividend date was Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a yield of 5.49%. AES’s payout ratio is presently 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.