Natixis Advisors LLC Sells 917 Shares of The AES Co. (NYSE:AES)

Natixis Advisors LLC decreased its holdings in shares of The AES Co. (NYSE:AES) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,825 shares of the utilities provider’s stock after selling 917 shares during the period. Natixis Advisors LLC’s holdings in AES were worth $1,320,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC grew its stake in AES by 2.4% in the 2nd quarter. CWM LLC now owns 27,122 shares of the utilities provider’s stock worth $477,000 after buying an additional 628 shares in the last quarter. Cromwell Holdings LLC raised its position in 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 in the last quarter. Raymond James Trust N.A. lifted its stake in AES by 1.6% during the second quarter. Raymond James Trust N.A. now owns 44,433 shares of the utilities provider’s stock worth $781,000 after purchasing an additional 711 shares during the last quarter. Rise Advisors LLC boosted its holdings in shares of AES by 92.4% in the 2nd quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 720 shares in the last quarter. Finally, SeaCrest Wealth Management LLC increased its position in shares of AES by 3.2% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 26,301 shares of the utilities provider’s stock valued at $528,000 after purchasing an additional 826 shares during the last quarter. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AES has been the topic of several recent research reports. Evercore ISI raised shares of AES to a “strong-buy” rating in a report on Wednesday, September 18th. Barclays increased their target price on AES from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Mizuho lowered their price target on shares of AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, November 21st. Jefferies Financial Group started coverage on AES in a research report on Wednesday, September 11th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Bank of America initiated coverage on AES in a research report on Monday. They set an “underperform” rating and a $11.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AES presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.22.

AES Trading Down 4.4 %

NYSE:AES opened at $12.58 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The firm has a fifty day simple moving average of $16.73 and a 200-day simple moving average of $17.84. The AES Co. has a 12 month low of $12.53 and a 12 month high of $22.21. The company has a market capitalization of $8.94 billion, a P/E ratio of 8.73 and a beta of 1.10.

AES (NYSE:AES) last issued its earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share (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 during the quarter, compared to analysts’ expectations of $3.46 billion. During the same quarter last year, the company posted $0.60 earnings per share. The firm’s revenue was down 4.2% compared to the same quarter last year. On average, equities research analysts anticipate that The AES Co. will post 1.94 earnings per share for the current year.

AES Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.1725 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a yield of 5.49%. AES’s payout ratio is currently 47.92%.

AES Company 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.