SG Americas Securities LLC Reduces Stock Holdings in The AES Co. (NYSE:AES)

SG Americas Securities LLC decreased its holdings in The AES Co. (NYSE:AES) by 58.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,997 shares of the utilities provider’s stock after selling 156,272 shares during the quarter. SG Americas Securities LLC’s holdings in The AES were worth $2,046,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its position in The AES by 2.8% in the third quarter. The Manufacturers Life Insurance Company now owns 1,504,139 shares of the utilities provider’s stock worth $27,239,000 after purchasing an additional 41,102 shares during the last quarter. Acadian Asset Management LLC purchased a new position in The AES in the third quarter worth about $39,000. Seascape Capital Management boosted its position in The AES by 2.3% in the third quarter. Seascape Capital Management now owns 59,675 shares of the utilities provider’s stock worth $1,081,000 after purchasing an additional 1,324 shares during the last quarter. LPL Financial LLC boosted its position in The AES by 9.6% in the third quarter. LPL Financial LLC now owns 271,646 shares of the utilities provider’s stock worth $4,920,000 after purchasing an additional 23,793 shares during the last quarter. Finally, Glassman Wealth Services boosted its position in The AES by 1,729.6% in the third quarter. Glassman Wealth Services now owns 2,287 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 2,162 shares during the last quarter. 85.22% of the stock is owned by institutional investors.

AES stock opened at $20.42 on Friday. The AES Co. has a twelve month low of $8.11 and a twelve month high of $22.32. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 4.79. The stock has a market cap of $13.58 billion, a P/E ratio of -39.27, a PEG ratio of 1.90 and a beta of 0.90. The business’s 50-day moving average price is $19.99 and its 200-day moving average price is $16.43.

The AES (NYSE:AES) last posted its quarterly earnings results on Wednesday, November 11th. The utilities provider reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.01). The AES had a positive return on equity of 24.03% and a negative net margin of 3.67%. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the firm posted $0.48 earnings per share. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities research analysts expect that The AES Co. will post 1.39 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 16th. Investors of record on Friday, October 30th were issued a $0.1433 dividend. The ex-dividend date was Thursday, October 29th. This represents a $0.57 dividend on an annualized basis and a yield of 2.81%. The AES’s dividend payout ratio is presently 41.91%.

Several research analysts have issued reports on AES shares. Morgan Stanley dropped their target price on The AES from $23.50 to $23.00 and set an “overweight” rating on the stock in a research report on Thursday, November 5th. Zacks Investment Research cut The AES from a “buy” rating to a “hold” rating and set a $21.00 target price on the stock. in a research report on Wednesday, October 21st. ValuEngine raised The AES from a “sell” rating to a “hold” rating in a research report on Wednesday, October 14th. Finally, TheStreet cut The AES from a “b-” rating to a “c” rating in a research report on Thursday, August 6th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $18.75.

The AES Profile

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.

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Institutional Ownership by Quarter for The AES (NYSE:AES)

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