SG Americas Securities LLC Has $177,000 Stock Holdings in The AES Co. (NYSE:AES)

SG Americas Securities LLC reduced its stake in shares of The AES Co. (NYSE:AES) by 98.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,833 shares of the utilities provider’s stock after selling 725,041 shares during the quarter. SG Americas Securities LLC’s holdings in AES were worth $177,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Czech National Bank boosted its stake in shares of AES by 6.9% in the 3rd quarter. Czech National Bank now owns 144,822 shares of the utilities provider’s stock valued at $2,905,000 after purchasing an additional 9,398 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in AES during the 2nd quarter worth $804,000. Sanctuary Advisors LLC bought a new position in AES in the 2nd quarter valued at $567,000. Cetera Investment Advisers increased its stake in shares of AES by 32.7% in the 2nd quarter. Cetera Investment Advisers now owns 100,516 shares of the utilities provider’s stock valued at $1,766,000 after buying an additional 24,764 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of AES during the second quarter valued at $179,000. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Stock Up 0.5 %

AES stock opened at $17.08 on Thursday. The company has a 50 day moving average of $18.00 and a 200-day moving average of $18.33. The stock has a market capitalization of $12.14 billion, a PE ratio of 23.72 and a beta of 1.07. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 3.63. The AES Co. has a twelve month low of $14.15 and a twelve month high of $22.21.

AES (NYSE:AES) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $3.22 billion. AES had a net margin of 6.07% and a return on equity of 32.74%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 earnings per share. On average, equities research analysts anticipate that The AES Co. will post 1.9 EPS for the current fiscal year.

AES Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.1725 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.04%. AES’s payout ratio is 95.83%.

Wall Street Analyst Weigh In

Several brokerages have commented on AES. Barclays upped their target price on shares of AES from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday. Evercore ISI upgraded AES to a “strong-buy” rating in a report on Wednesday, September 18th. Finally, Jefferies Financial Group began coverage on AES in a report on Wednesday, September 11th. They set a “buy” rating and a $20.00 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.57.

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.