Jackson Square Capital LLC Has $795,000 Holdings in The AES Co. (NYSE:AES)

Jackson Square Capital LLC increased its holdings in The AES Co. (NYSE:AES) by 41.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,623 shares of the utilities provider’s stock after acquiring an additional 11,570 shares during the period. Jackson Square Capital LLC’s holdings in AES were worth $795,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Capital International Investors increased its stake in AES by 11.4% in the 1st quarter. Capital International Investors now owns 77,641,395 shares of the utilities provider’s stock valued at $1,392,110,000 after buying an additional 7,969,594 shares during the last quarter. M&G Plc purchased a new stake in AES in the 1st quarter valued at about $123,272,000. Vanguard Group Inc. increased its stake in AES by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 89,725,232 shares of the utilities provider’s stock valued at $1,608,773,000 after buying an additional 1,929,523 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in AES in the 2nd quarter valued at about $30,746,000. Finally, Zimmer Partners LP increased its stake in AES by 482.8% in the 1st quarter. Zimmer Partners LP now owns 1,865,000 shares of the utilities provider’s stock valued at $33,439,000 after buying an additional 1,545,000 shares during the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Stock Down 8.4 %

AES opened at $14.20 on Thursday. The company has a 50 day moving average of $17.70 and a 200 day moving average of $18.26. The company has a market cap of $10.10 billion, a PE ratio of 9.86 and a beta of 1.10. The AES Co. has a 12 month low of $13.85 and a 12 month high of $22.21. 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 quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.60 by $0.11. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.46 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. AES’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period last year, the firm earned $0.60 EPS. On average, sell-side analysts expect that The AES Co. will post 1.93 EPS for the current year.

AES Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 4.86%. The ex-dividend date is Friday, November 1st. AES’s payout ratio is 47.92%.

Analysts Set New Price Targets

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

AES Company Profile

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.