The AES Corporation $AES Stock Holdings Lowered by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in shares of The AES Corporation (NYSE:AES) by 14.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor 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 and other institutional investors have also recently added to or reduced their stakes in the business. Integrated Advisors Network LLC increased its holdings in shares of AES by 30.8% in the third quarter. Integrated Advisors Network LLC now owns 44,145 shares of the utilities provider’s stock worth $658,000 after acquiring an additional 10,393 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of AES during the 3rd quarter valued at about $1,411,000. SteelPeak Wealth LLC lifted its holdings in shares of AES by 25.5% during the 3rd quarter. SteelPeak Wealth LLC now owns 22,428 shares of the utilities provider’s stock valued at $334,000 after purchasing an additional 4,564 shares in the last quarter. Howard Capital Management LLC grew its position in shares of AES by 26.2% in the 3rd quarter. Howard Capital Management LLC now owns 450,416 shares of the utilities provider’s stock valued at $6,711,000 after purchasing an additional 93,463 shares during the period. Finally, V Square Quantitative Management LLC grew its position in shares of AES by 12.1% in the 3rd quarter. V Square Quantitative Management LLC now owns 22,980 shares of the utilities provider’s stock valued at $342,000 after purchasing an additional 2,474 shares during the period. 93.13% of the stock is currently owned by institutional investors.

AES Price Performance

AES stock opened at $14.98 on Friday. The stock has a 50-day moving average price of $14.85 and a two-hundred day moving average price of $14.70. The stock has a market cap of $10.69 billion, a PE ratio of 5.72 and a beta of 0.97. 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.

AES (NYSE:AES) last released its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.15. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.11 billion. AES had a return on equity of 20.69% and a net margin of 14.30%. Equities analysts forecast that The AES Corporation will post 2.02 EPS for the current fiscal year.

AES Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised AES from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. Seven investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, AES has a consensus rating of “Hold” and a consensus target price of $15.83.

AES 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.