Lynx Investment Advisory Takes Position in The AES Corporation $AES

Key Points

• Lynx Investment Advisory has acquired a new stake in The AES Corporation, purchasing 74,938 shares valued at approximately $931,000 in the first quarter.
• The AES Corporation reported $0.51 earnings per share for the last quarter, exceeding analysts' expectations and indicating a return on equity of 19.02%.
• The company declared a quarterly dividend of $0.176 per share, representing an annual yield of 5.5%.

Lynx Investment Advisory acquired a new position in shares of The AES Corporation (NYSE:AES - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 74,938 shares of the utilities provider's stock, valued at approximately $931,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Community Trust & Investment Co. boosted its position in shares of AES by 37.4% during the 1st quarter. Community Trust & Investment Co. now owns 291,418 shares of the utilities provider's stock worth $3,619,000 after acquiring an additional 79,355 shares in the last quarter. Lewis Asset Management LLC acquired a new stake in AES in the first quarter valued at about $1,172,000. Principal Financial Group Inc. lifted its holdings in AES by 2.5% in the first quarter. Principal Financial Group Inc. now owns 824,080 shares of the utilities provider's stock valued at $10,235,000 after acquiring an additional 20,109 shares during the period. Envestnet Asset Management Inc. lifted its holdings in AES by 13.3% in the first quarter. Envestnet Asset Management Inc. now owns 1,270,543 shares of the utilities provider's stock valued at $15,780,000 after acquiring an additional 148,772 shares during the period. Finally, Foundry Partners LLC lifted its stake in shares of AES by 39.6% in the first quarter. Foundry Partners LLC now owns 1,349,118 shares of the utilities provider's stock valued at $16,756,000 after purchasing an additional 382,843 shares during the period. Institutional investors and hedge funds own 93.13% of the company's stock.

Analysts Set New Price Targets

AES has been the subject of a number of research reports. Argus restated a "hold" rating on shares of AES in a research report on Tuesday, May 27th. Wall Street Zen raised shares of AES from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. upped their price target on AES from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Susquehanna increased their price objective on shares of AES from $15.00 to $16.00 and gave the stock a "positive" rating in a research report on Monday, July 21st. Finally, Barclays increased their target price on AES from $12.00 to $14.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $24.67.

AES Stock Performance

Shares of AES traded down $0.18 during mid-day trading on Wednesday, hitting $12.53. The stock had a trading volume of 5,770,243 shares, compared to its average volume of 14,849,100. The AES Corporation has a fifty-two week low of $9.46 and a fifty-two week high of $20.30. The company's fifty day simple moving average is $13.16 and its two-hundred day simple moving average is $11.79. The company has a quick ratio of 0.74, a current ratio of 0.82 and a debt-to-equity ratio of 3.46. The company has a market cap of $8.92 billion, a PE ratio of 8.82, a PEG ratio of 0.55 and a beta of 0.92.

AES (NYSE:AES - Get Free Report) last issued its earnings results on Thursday, July 31st. The utilities provider reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.12. AES had a return on equity of 19.02% and a net margin of 8.42%.The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the previous year, the firm posted $0.38 earnings per share. AES's quarterly revenue was down 3.0% compared to the same quarter last year. On average, equities analysts expect that The AES Corporation will post 1.93 earnings per share for the current year.

AES Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a dividend of $0.176 per share. The ex-dividend date was Friday, August 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.6%. AES's dividend payout ratio (DPR) is currently 49.30%.

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.