3,133 Shares in The AES Co. (NYSE:AES) Acquired by Brooklyn Investment Group

Brooklyn Investment Group purchased a new position in shares of The AES Co. (NYSE:AES) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,133 shares of the utilities provider’s stock, valued at approximately $63,000.

A number of other large investors also recently made changes to their positions in the business. Rise Advisors LLC increased its position in shares of AES by 92.4% during the second quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 720 shares during the last quarter. Rothschild Investment LLC bought a new stake in AES in the second quarter valued at about $28,000. UMB Bank n.a. grew its holdings in shares of AES by 102.3% during the second quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 898 shares during the last quarter. nVerses Capital LLC bought a new position in shares of AES during the second quarter valued at approximately $33,000. Finally, Cromwell Holdings LLC grew its holdings in shares of 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 purchasing an additional 640 shares during the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Stock Performance

Shares of AES opened at $12.99 on Friday. The company has a market capitalization of $9.24 billion, a PE ratio of 9.02 and a beta of 1.10. The AES Co. has a one year low of $12.53 and a one year high of $22.21. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The company’s fifty day moving average price is $16.47 and its 200 day moving average price is $17.76.

AES (NYSE:AES) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.71 EPS for the quarter, topping 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 firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter last year, the firm posted $0.60 EPS. The business’s quarterly revenue was down 4.2% on a year-over-year basis. As a group, analysts expect that The AES Co. will post 1.94 earnings per share for the current year.

AES Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.1725 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.69 annualized dividend and a dividend yield of 5.31%. AES’s dividend payout ratio (DPR) is currently 47.92%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Susquehanna reduced their price objective on AES from $24.00 to $21.00 and set a “positive” rating for the company in a research report on Tuesday, November 5th. Barclays boosted their price objective on AES from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Mizuho reduced their price objective on AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, November 21st. Bank of America started coverage on AES in a research report on Monday. They issued an “underperform” rating and a $11.00 target price for the company. Finally, Evercore ISI upgraded AES to a “strong-buy” rating in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.22.

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.