AES Corp (AES) Position Reduced by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its stake in AES Corp (NYSE:AES) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 804,000 shares of the utilities provider’s stock after selling 46,000 shares during the period. Gamco Investors INC. ET AL owned 0.12% of AES worth $11,256,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. CIBC World Markets Inc. increased its stake in AES by 2.7% in the 2nd quarter. CIBC World Markets Inc. now owns 147,954 shares of the utilities provider’s stock worth $1,984,000 after buying an additional 3,846 shares during the period. Aperio Group LLC increased its position in AES by 1.4% during the 3rd quarter. Aperio Group LLC now owns 295,145 shares of the utilities provider’s stock valued at $4,132,000 after purchasing an additional 4,145 shares during the period. Wilbanks Smith & Thomas Asset Management LLC increased its position in AES by 1.7% during the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 280,887 shares of the utilities provider’s stock valued at $3,767,000 after purchasing an additional 4,664 shares during the period. Kendall Capital Management increased its position in AES by 5.9% during the 2nd quarter. Kendall Capital Management now owns 88,225 shares of the utilities provider’s stock valued at $1,183,000 after purchasing an additional 4,925 shares during the period. Finally, Captrust Financial Advisors increased its position in AES by 5.9% during the 2nd quarter. Captrust Financial Advisors now owns 93,143 shares of the utilities provider’s stock valued at $1,249,000 after purchasing an additional 5,155 shares during the period. 98.78% of the stock is currently owned by institutional investors.

NYSE AES opened at $15.52 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.18 and a debt-to-equity ratio of 3.17. The stock has a market cap of $10.33 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 1.55 and a beta of 0.97. AES Corp has a one year low of $9.86 and a one year high of $16.28.

AES (NYSE:AES) last posted its earnings results on Tuesday, November 6th. The utilities provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. AES had a negative net margin of 2.48% and a positive return on equity of 19.50%. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter last year, the firm posted $0.23 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, equities research analysts expect that AES Corp will post 1.22 EPS for the current year.

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

AES has been the topic of a number of research reports. Morgan Stanley reissued a “hold” rating and set a $14.50 target price (up previously from $14.00) on shares of AES in a research report on Thursday, October 11th. ValuEngine raised shares of AES from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. Zacks Investment Research raised shares of AES from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Wednesday, October 10th. Finally, TheStreet raised shares of AES from a “c+” rating to a “b” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target 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: Fundamental Analysis and Individual Investors

Institutional Ownership by Quarter for AES (NYSE:AES)

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