Beck Bode LLC Purchases Shares of 530,439 AES Corp (NYSE:AES)

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Beck Bode LLC purchased a new position in AES Corp (NYSE:AES) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 530,439 shares of the utilities provider’s stock, valued at approximately $8,667,000. AES accounts for 3.8% of Beck Bode LLC’s investment portfolio, making the stock its 10th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of AES. Citizens Financial Group Inc RI grew its stake in AES by 1,375.4% during the third quarter. Citizens Financial Group Inc RI now owns 1,741 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 1,623 shares in the last quarter. CWM LLC increased its holdings in shares of AES by 116.4% in the third quarter. CWM LLC now owns 1,913 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 1,029 shares during the last quarter. Endurance Wealth Management Inc. purchased a new stake in shares of AES in the third quarter worth about $35,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of AES in the second quarter worth about $36,000. Finally, Northwest Investment Counselors LLC bought a new position in AES during the third quarter valued at approximately $45,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Shares of NYSE:AES traded down $0.02 on Tuesday, reaching $18.90. The company’s stock had a trading volume of 727,360 shares, compared to its average volume of 6,295,825. The company has a 50-day simple moving average of $17.63 and a 200 day simple moving average of $16.58. AES Corp has a 52-week low of $13.55 and a 52-week high of $19.03. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.00 and a current ratio of 1.10. The company has a market cap of $12.55 billion, a P/E ratio of 15.24, a PEG ratio of 1.66 and a beta of 1.09.

AES (NYSE:AES) last announced its earnings results on Wednesday, November 6th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.08. AES had a net margin of 4.90% and a return on equity of 22.67%. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the company earned $0.35 EPS. The business’s revenue was down 7.5% compared to the same quarter last year. On average, equities research analysts forecast that AES Corp will post 1.34 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.137 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.55 annualized dividend and a yield of 2.90%. AES’s payout ratio is currently 44.35%.

AES has been the subject of several research analyst reports. TheStreet upgraded AES from a “c+” rating to a “b” rating in a report on Wednesday, November 6th. Morgan Stanley upped their price objective on AES from $17.50 to $18.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Evercore ISI set a $19.00 target price on AES and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, ValuEngine raised shares of AES from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. AES presently has an average rating of “Buy” and an average price target of $17.64.

AES Company Profile

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 AES (NYSE:AES)

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