94,708 Shares of The AES Corporation $AES Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC acquired a new position in shares of The AES Corporation (NYSE:AES - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 94,708 shares of the utilities provider's stock, valued at approximately $1,411,000.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in AES in the 2nd quarter valued at about $722,429,000. HBK Investments L P bought a new position in AES in the second quarter worth approximately $162,298,000. Bank of New York Mellon Corp bought a new position in AES in the second quarter worth approximately $97,056,000. Bank of America Corp DE acquired a new stake in AES in the second quarter valued at approximately $80,584,000. Finally, Man Group plc acquired a new stake in AES in the second quarter valued at approximately $65,159,000. 93.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded AES from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 17th. Seven equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $15.83.

AES Stock Performance

AES opened at $14.96 on Thursday. The AES Corporation has a 1-year low of $13.21 and a 1-year high of $17.65. The company has a market cap of $10.67 billion, a price-to-earnings ratio of 5.71 and a beta of 0.97. The company's fifty day moving average price is $14.84 and its two-hundred day moving average price is $14.69. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 2.93.

AES (NYSE:AES - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.15. The firm had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.11 billion. AES had a net margin of 14.30% and a return on equity of 20.69%. On average, analysts expect that The AES Corporation will post 2.02 EPS for the current fiscal year.

AES Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be given a $0.1759 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.70 annualized dividend and a yield of 4.7%. AES's dividend payout ratio (DPR) is presently 26.72%.

AES Company Profile

AES Corporation is a global energy company that develops, owns and operates power generation and utility businesses. Its activities include generating and supplying electricity, developing renewable energy projects, and providing energy infrastructure and related services.

The company's portfolio includes solar, wind, battery energy storage and hydroelectric facilities, as well as natural gas-fired generation and other conventional power assets. AES also works with businesses and other energy users to provide customized clean-energy solutions, including renewable power procurement and storage.

Founded in 1981 as Applied Energy Services, AES serves customers through operations and projects in the United States and international markets across North and South America, Europe and Asia.

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