Kayne Anderson Capital Advisors LP Has $8.06 Million Holdings in The AES Co. (NYSE:AES)

Kayne Anderson Capital Advisors LP cut its stake in shares of The AES Co. (NYSE:AES) by 17.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 401,903 shares of the utilities provider’s stock after selling 85,355 shares during the period. Kayne Anderson Capital Advisors LP’s holdings in AES were worth $8,062,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in AES by 2.2% in the first 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 in the last quarter. Capital International Investors grew its stake in shares of AES by 11.4% in the 1st quarter. Capital International Investors now owns 77,641,395 shares of the utilities provider’s stock worth $1,392,110,000 after acquiring an additional 7,969,594 shares in the last quarter. M&G PLC raised its position in AES by 12.7% in the third quarter. M&G PLC now owns 6,511,760 shares of the utilities provider’s stock worth $130,235,000 after acquiring an additional 732,457 shares during the period. Bank of New York Mellon Corp increased its holdings in AES by 3.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,769,785 shares of the utilities provider’s stock worth $83,805,000 after acquiring an additional 141,565 shares during the last quarter. Finally, Empower Advisory Group LLC raised its holdings in AES by 5.8% during the 3rd quarter. Empower Advisory Group LLC now owns 3,522,334 shares of the utilities provider’s stock valued at $70,658,000 after acquiring an additional 193,755 shares during the period. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Trading Down 0.2 %

Shares of AES opened at $13.97 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The stock has a market capitalization of $9.93 billion, a P/E ratio of 9.70 and a beta of 1.10. The firm has a fifty day simple moving average of $17.25 and a two-hundred day simple moving average of $18.08. The AES Co. has a twelve month low of $13.27 and a twelve month high of $22.21.

AES (NYSE:AES) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.46 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. On average, research analysts anticipate that The AES Co. will post 1.93 EPS for the current year.

AES Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.1725 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.69 annualized dividend and a dividend yield of 4.94%. AES’s payout ratio is 47.92%.

Analyst Upgrades and Downgrades

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

About AES

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.