The AES Corporation $AES Position Trimmed by Carson Advisory Inc.

Carson Advisory Inc. lowered its position in The AES Corporation (NYSE:AES) by 82.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,688 shares of the utilities provider’s stock after selling 227,289 shares during the quarter. Carson Advisory Inc.’s holdings in AES were worth $740,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AES. Allworth Financial LP grew its holdings in AES by 13.3% during the 3rd quarter. Allworth Financial LP now owns 20,804 shares of the utilities provider’s stock valued at $305,000 after purchasing an additional 2,439 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in AES by 20.7% in the third quarter. Russell Investments Group Ltd. now owns 853,064 shares of the utilities provider’s stock worth $12,710,000 after purchasing an additional 146,359 shares during the last quarter. R Squared Ltd lifted its stake in AES by 613.7% in the third quarter. R Squared Ltd now owns 80,343 shares of the utilities provider’s stock worth $1,197,000 after purchasing an additional 69,086 shares during the last quarter. Lido Advisors LLC boosted its position in shares of AES by 3.5% during the third quarter. Lido Advisors LLC now owns 193,922 shares of the utilities provider’s stock valued at $2,889,000 after buying an additional 6,608 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of AES by 20.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 52,305 shares of the utilities provider’s stock valued at $780,000 after buying an additional 8,714 shares during the period. Institutional investors own 93.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AES shares. Weiss Ratings raised AES from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. Wall Street Zen raised AES to a “buy” rating in a research note on Saturday, November 7th. Seven investment analysts have rated the stock with a Hold rating. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $15.80.

AES Stock Up 0.1%

NYSE:AES opened at $14.93 on Friday. The company has a market cap of $10.65 billion, a price-to-earnings ratio of 5.99 and a beta of 0.95. The AES Corporation has a twelve month low of $13.28 and a twelve month high of $17.65. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 2.81. The stock has a fifty day simple moving average of $14.90 and a 200-day simple moving average of $14.80.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 13th. Investors of record on Friday, October 30th were paid a $0.1759 dividend. This represents a $0.70 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Friday, October 30th. AES’s dividend payout ratio (DPR) is currently 28.11%.

AES Profile

The AES Corporation is a global power company that develops and operates electricity generation and energy infrastructure. Its portfolio includes renewable energy, natural gas and other power generation, as well as battery energy storage. AES also helps businesses and other customers procure electricity and pursue clean-energy goals. Founded in 1981 as Applied Energy Services, the company has expanded from its U.S. origins to serve customers across multiple regions, including the Americas, Europe and Asia.