The AES Co. (NYSE:AES) Shares Acquired by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust increased its holdings in shares of The AES Co. (NYSE:AES) by 36.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 12,378 shares of the utilities provider’s stock after acquiring an additional 3,285 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in AES were worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC raised its stake in shares of AES by 92.4% during the 2nd quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock valued at $26,000 after buying an additional 720 shares during the last quarter. Rothschild Investment LLC acquired a new position in AES in the second quarter valued at approximately $28,000. UMB Bank n.a. grew its stake in shares of AES by 102.3% during the 2nd quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 898 shares during the period. nVerses Capital LLC acquired a new position in shares of AES in the 2nd quarter valued at $33,000. Finally, Cromwell Holdings LLC grew its position in AES by 59.1% during the third quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock valued at $35,000 after buying an additional 640 shares during the period. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Trading Down 10.8 %

Shares of AES opened at $14.71 on Monday. The AES Co. has a 52-week low of $14.68 and a 52-week high of $22.21. The stock has a market cap of $10.46 billion, a PE ratio of 10.22 and a beta of 1.10. The firm’s fifty day moving average is $17.85 and its two-hundred day moving average is $18.29. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 3.63.

AES (NYSE:AES) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.46 billion. AES had a net margin of 8.34% and a return on equity of 28.95%. AES’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 EPS. Research analysts forecast that The AES Co. will post 1.91 earnings per share for the current fiscal year.

AES Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 4.69%. The ex-dividend date is Friday, November 1st. AES’s payout ratio is currently 47.92%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AES. Evercore ISI raised shares of AES to a “strong-buy” rating in a research note on Wednesday, September 18th. Jefferies Financial Group initiated coverage on AES in a report on Wednesday, September 11th. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, 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. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, AES currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.57.

AES Company 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.