Brown Advisory Inc. lowered its position in AES Corp (NYSE:AES) by 19.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 165,320 shares of the utilities provider’s stock after selling 39,198 shares during the period. Brown Advisory Inc.’s holdings in AES were worth $2,314,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of AES. O Shaughnessy Asset Management LLC acquired a new stake in shares of AES in the 3rd quarter worth $100,000. MinichMacGregor Wealth Management LLC acquired a new stake in shares of AES in the 3rd quarter worth $121,000. Creative Planning acquired a new stake in shares of AES in the 3rd quarter worth $141,000. Gideon Capital Advisors Inc. acquired a new stake in shares of AES in the 2nd quarter worth $142,000. Finally, Wedbush Securities Inc. acquired a new stake in shares of AES in the 2nd quarter worth $152,000. 95.23% of the stock is owned by institutional investors and hedge funds.

Shares of AES opened at $15.53 on Friday. AES Corp has a 52-week low of $9.86 and a 52-week high of $16.28. The firm has a market capitalization of $10.23 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 1.42 and a beta of 0.98. The company has a debt-to-equity ratio of 3.17, a current ratio of 1.24 and a quick ratio of 1.10.

AES (NYSE:AES) last issued its quarterly earnings data on Tuesday, November 6th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $3.63 billion. AES had a positive return on equity of 19.50% and a negative net margin of 2.48%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the company earned $0.23 EPS. On average, sell-side analysts forecast that AES Corp will post 1.21 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 1st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Wednesday, October 31st. AES’s payout ratio is 48.15%.

A number of analysts have issued reports on AES shares. Morgan Stanley reaffirmed a “hold” rating and issued a $14.50 target price (up from $14.00) on shares of AES in a research note on Thursday, October 11th. TheStreet raised AES from a “c+” rating to a “b” rating in a research note on Tuesday, November 6th. ValuEngine raised AES from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. Finally, Zacks Investment Research raised AES from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Wednesday, October 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. AES currently has a consensus rating of “Hold” and an average target price of $14.00.

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About AES

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.

Further Reading: Market Capitalization in the Stock Market

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Institutional Ownership by Quarter for AES (NYSE:AES)

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