Everpar Advisors LLC Has $248,000 Stock Position in The AES Co. (NYSE:AES)

Everpar Advisors LLC raised its position in shares of The AES Co. (NYSE:AES) by 29.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 19,292 shares of the utilities provider’s stock after purchasing an additional 4,350 shares during the quarter. Everpar Advisors LLC’s holdings in AES were worth $248,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AES. State Street Corp raised its stake in AES by 18.2% during the third quarter. State Street Corp now owns 38,651,752 shares of the utilities provider’s stock worth $775,354,000 after buying an additional 5,960,546 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new position in shares of AES in the 2nd quarter worth about $30,746,000. Assenagon Asset Management S.A. grew its stake in AES by 169.5% during the third quarter. Assenagon Asset Management S.A. now owns 2,143,688 shares of the utilities provider’s stock worth $43,002,000 after purchasing an additional 1,348,195 shares during the period. Two Sigma Advisers LP grew its stake in AES by 30.3% during the third quarter. Two Sigma Advisers LP now owns 3,838,500 shares of the utilities provider’s stock worth $77,000,000 after purchasing an additional 892,500 shares during the period. Finally, Bridgewater Associates LP acquired a new position in AES in the third quarter valued at approximately $17,390,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on AES. Bank of America initiated coverage on shares of AES in a research note on Monday, November 25th. They issued an “underperform” rating and a $11.00 price objective for the company. Hsbc Global Res upgraded shares of AES to a “strong-buy” rating in a report on Friday, December 13th. Barclays decreased their target price on AES from $23.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, December 13th. Susquehanna cut their price target on AES from $24.00 to $21.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. Finally, Mizuho decreased their price objective on AES from $24.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.30.

AES Price Performance

Shares of NYSE:AES opened at $11.85 on Friday. The AES Co. has a 1-year low of $11.57 and a 1-year 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. The stock has a market cap of $8.42 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 0.59 and a beta of 1.00. The stock’s fifty day simple moving average is $12.99 and its two-hundred day simple moving average is $15.92.

AES (NYSE:AES) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.11. The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.46 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 earnings per share. As a group, analysts forecast that The AES Co. will post 1.96 EPS for the current fiscal year.

AES Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a dividend of $0.176 per share. This is a positive change from AES’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date is Friday, January 31st. AES’s dividend payout ratio (DPR) is 47.92%.

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.