The AES Co. (NYSE:AES) Shares Acquired by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora lifted its position in shares of The AES Co. (NYSE:AES) by 1.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 84,624 shares of the utilities provider’s stock after buying an additional 835 shares during the quarter. OLD Second National Bank of Aurora’s holdings in AES were worth $1,698,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Rise Advisors LLC boosted its stake in 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 buying an additional 720 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of AES during the 2nd quarter worth about $28,000. UMB Bank n.a. lifted its position in AES by 102.3% during the second quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock valued at $31,000 after buying an additional 898 shares in the last quarter. nVerses Capital LLC purchased a new stake in AES during the second quarter worth approximately $33,000. Finally, Cromwell Holdings LLC lifted its holdings in shares of AES by 59.1% during the 3rd quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 640 shares in the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Stock Performance

Shares of NYSE AES opened at $13.57 on Wednesday. The AES Co. has a 12-month low of $13.27 and a 12-month high of $22.21. The company has a market cap of $9.65 billion, a PE ratio of 9.35 and a beta of 1.10. The stock has a 50 day simple moving average of $17.42 and a 200-day simple moving average of $18.17. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21.

AES (NYSE:AES) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.60 by $0.11. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.46 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. AES’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the company earned $0.60 EPS. On average, equities research analysts forecast that The AES Co. will post 1.93 EPS for the current year.

AES Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Friday, November 1st. AES’s dividend payout ratio (DPR) is presently 47.92%.

Analysts Set New Price Targets

Several equities research analysts recently commented on AES shares. Barclays raised their target price on AES from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Evercore ISI upgraded shares of AES to a “strong-buy” rating in a research note on Wednesday, September 18th. Jefferies Financial Group initiated coverage on shares of AES in a report on Wednesday, September 11th. They set a “buy” rating and a $20.00 price objective for the company. Finally, Susquehanna reduced their price target on shares of AES from $24.00 to $21.00 and set a “positive” rating on the stock in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, AES currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.38.

About AES

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.