35,778 The AES Corporation $AES Shares Sold by Lynx Investment Advisory

Lynx Investment Advisory trimmed its position in The AES Corporation (NYSE:AES) by 47.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,227 shares of the utilities provider’s stock after selling 35,778 shares during the period. Lynx Investment Advisory’s holdings in AES were worth $584,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC grew its holdings in shares of AES by 17.9% during the third quarter. Signaturefd LLC now owns 5,824 shares of the utilities provider’s stock worth $87,000 after buying an additional 883 shares in the last quarter. Wedmont Private Capital raised its position in AES by 6.2% in the 3rd quarter. Wedmont Private Capital now owns 17,078 shares of the utilities provider’s stock valued at $255,000 after buying an additional 1,001 shares during the last quarter. Arizona State Retirement System raised its position in AES by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 196,758 shares of the utilities provider’s stock valued at $2,884,000 after buying an additional 1,033 shares during the last quarter. Mufg Securities Americas Inc. lifted its stake in AES by 9.0% in the 2nd quarter. Mufg Securities Americas Inc. now owns 21,479 shares of the utilities provider’s stock valued at $315,000 after acquiring an additional 1,774 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its stake in AES by 14.7% in the 2nd quarter. QRG Capital Management Inc. now owns 15,480 shares of the utilities provider’s stock valued at $227,000 after acquiring an additional 1,986 shares in the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

AES Stock Down 0.4%

AES stock opened at $14.97 on Thursday. The company has a market cap of $10.68 billion, a P/E ratio of 5.72 and a beta of 0.97. The AES Corporation has a 1-year low of $13.21 and a 1-year high of $17.65. The company has a fifty day simple moving average of $14.86 and a 200 day simple moving average of $14.76. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 2.93.

AES (NYSE:AES) last issued 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. AES had a net margin of 14.30% and a return on equity of 20.69%. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.11 billion. Research analysts anticipate that The AES Corporation will post 2.02 earnings per share for the current fiscal year.

AES Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a $0.1759 dividend. The ex-dividend date is Friday, October 30th. This represents a $0.70 annualized dividend and a dividend yield of 4.7%. AES’s dividend payout ratio (DPR) is presently 26.72%.

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.