Bruni J V & Co. Co. Purchases 772 Shares of The AES Co. (NYSE:AES)

Bruni J V & Co. Co. lifted its holdings in The AES Co. (NYSE:AES) by 0.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,660,948 shares of the utilities provider’s stock after purchasing an additional 772 shares during the quarter. AES accounts for approximately 3.7% of Bruni J V & Co. Co.’s investment portfolio, making the stock its 11th largest position. Bruni J V & Co. Co. owned 0.23% of AES worth $33,319,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AES. Rise Advisors LLC increased its stake in AES by 92.4% during the second quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 720 shares during the last quarter. Rothschild Investment LLC purchased a new stake in AES during the 2nd quarter valued at $28,000. Cromwell Holdings LLC lifted its position in AES by 59.1% in the third quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock worth $35,000 after buying an additional 640 shares during the last quarter. UMB Bank n.a. increased 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 acquiring an additional 898 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of AES in the second quarter valued at $33,000. Hedge funds and other institutional investors own 93.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on AES. Susquehanna dropped their target price on AES from $24.00 to $21.00 and set a “positive” rating for the company in a research report on Tuesday, November 5th. Jefferies Financial Group began coverage on AES in a research note on Wednesday, September 11th. They issued a “buy” rating and a $20.00 target price on the stock. Barclays upped their price target on shares of AES from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Evercore ISI raised shares of AES to a “strong-buy” rating in a research report on Wednesday, September 18th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.38.

AES Trading Down 1.7 %

NYSE:AES opened at $13.74 on Tuesday. The firm has a 50-day simple moving average of $17.20 and a 200-day simple moving average of $18.05. The AES Co. has a one year low of $13.27 and a one year high of $22.21. The firm has a market cap of $9.77 billion, a P/E ratio of 9.54 and a beta of 1.10. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85.

AES (NYSE:AES) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. AES had a net margin of 8.34% and a return on equity of 27.30%. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. AES’s revenue for the quarter was down 4.2% compared to the same quarter last year. Equities analysts anticipate that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.1725 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a yield of 5.02%. AES’s dividend payout ratio is presently 47.92%.

AES 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.