The AES Corporation $AES Position Cut by Lynx Investment Advisory

Lynx Investment Advisory lessened its position in The AES Corporation (NYSE:AES) by 47.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,227 shares of the utilities provider’s stock after selling 35,778 shares during the period. Lynx Investment Advisory’s holdings in AES were worth $584,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Anchor Investment Management LLC boosted its position in shares of AES by 2,444.4% during the second quarter. Anchor Investment Management LLC now owns 2,290 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 2,200 shares in the last quarter. Core Capital Management & Research inc. acquired a new position in shares of AES in the 2nd quarter valued at $37,000. Curry Webb Wealth Management LLC bought a new stake in shares of AES in the 3rd quarter valued at $37,000. Root Financial Partners LLC increased its position in shares of AES by 259.9% in the 1st quarter. Root Financial Partners LLC now owns 2,822 shares of the utilities provider’s stock valued at $40,000 after buying an additional 2,038 shares in the last quarter. Finally, Burnham & Co LLC acquired a new stake in AES during the 2nd quarter worth $44,000. 93.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded AES from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. Seven research analysts have rated the stock with a Hold rating. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.83.

AES Price Performance

Shares of AES opened at $14.97 on Thursday. The stock has a 50 day simple moving average of $14.86 and a 200 day simple moving average of $14.76. The AES Corporation has a 52-week low of $13.21 and a 52-week high of $17.65. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.67 and a current ratio of 0.75. The firm has a market capitalization of $10.68 billion, a PE ratio of 5.72 and a beta of 0.97.

AES (NYSE:AES) last announced its earnings results on Tuesday, August 4th. The utilities provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.45 by $0.15. AES had a net margin of 14.30% and a return on equity of 20.69%. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.11 billion. Sell-side analysts predict that The AES Corporation will post 2.02 EPS for the current fiscal year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued a dividend of $0.1759 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, October 30th. AES’s dividend payout ratio (DPR) is presently 26.72%.

AES Profile

AES Corporation is a global energy company that develops, owns and operates power generation and utility businesses. Its activities include generating and supplying electricity, developing renewable energy projects, and providing energy infrastructure and related services.

The company’s portfolio includes solar, wind, battery energy storage and hydroelectric facilities, as well as natural gas-fired generation and other conventional power assets. AES also works with businesses and other energy users to provide customized clean-energy solutions, including renewable power procurement and storage.

Founded in 1981 as Applied Energy Services, AES serves customers through operations and projects in the United States and international markets across North and South America, Europe and Asia.