The AES Co. (NYSE:AES) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of The AES Co. (NYSE:AES) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,949 shares of the utilities provider’s stock after purchasing an additional 2,150 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in AES were worth $1,363,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ballentine Partners LLC purchased a new position in shares of AES during the 1st quarter worth $211,000. Riverview Trust Co purchased a new position in shares of AES during the 1st quarter worth $33,000. Viking Fund Management LLC raised its holdings in shares of AES by 1.7% during the 1st quarter. Viking Fund Management LLC now owns 178,000 shares of the utilities provider’s stock worth $3,192,000 after acquiring an additional 3,000 shares during the period. River Street Advisors LLC raised its holdings in shares of AES by 7.8% during the 1st quarter. River Street Advisors LLC now owns 16,002 shares of the utilities provider’s stock worth $287,000 after acquiring an additional 1,159 shares during the period. Finally, Breakwater Capital Group purchased a new position in shares of AES during the 1st quarter worth $182,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Stock Performance

Shares of AES stock opened at $17.00 on Wednesday. The AES Co. has a one year low of $13.55 and a one year high of $22.21. The company has a market cap of $12.08 billion, a PE ratio of 23.61 and a beta of 1.07. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.91 and a current ratio of 0.97. The business has a 50-day simple moving average of $18.00 and a 200-day simple moving average of $18.34.

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 during the quarter, compared to the consensus estimate of $3.22 billion. AES had a return on equity of 32.74% and a net margin of 6.07%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. On average, equities research analysts forecast that The AES Co. will post 1.9 EPS for the current fiscal year.

AES Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Friday, November 1st. AES’s dividend payout ratio (DPR) is 95.83%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AES. Evercore ISI upgraded shares of AES to a “strong-buy” rating in a report on Wednesday, September 18th. Jefferies Financial Group began coverage on shares of AES in a report on Wednesday, September 11th. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, Barclays boosted their price objective on shares of AES from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.