Capital International Investors Cuts Stock Position in The AES Co. (NYSE:AES)

Capital International Investors decreased its holdings in The AES Co. (NYSE:AES) by 56.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,958,431 shares of the utilities provider’s stock after selling 35,093,715 shares during the period. Capital International Investors owned 3.79% of AES worth $346,736,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SRS Capital Advisors Inc. boosted its stake in AES by 190.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 1,581 shares during the period. WR Wealth Planners LLC lifted its holdings in shares of AES by 93.3% in the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock worth $37,000 after buying an additional 1,369 shares in the last quarter. Covestor Ltd boosted its position in shares of AES by 601.5% during the fourth quarter. Covestor Ltd now owns 5,745 shares of the utilities provider’s stock worth $74,000 after acquiring an additional 4,926 shares during the last quarter. AlphaQuest LLC grew its stake in AES by 18,047.1% during the fourth quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider’s stock valued at $79,000 after acquiring an additional 6,136 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in AES by 95.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,295 shares of the utilities provider’s stock valued at $81,000 after acquiring an additional 3,080 shares during the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Stock Up 2.1 %

NYSE AES opened at $10.17 on Friday. The company has a fifty day moving average of $11.30 and a two-hundred day moving average of $12.93. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 7.06, a PEG ratio of 0.82 and a beta of 0.81. 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 AES Co. has a 52 week low of $9.86 and a 52 week high of $22.21.

AES (NYSE:AES) last posted its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.20. AES had a net margin of 8.34% and a return on equity of 27.30%. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the prior year, the company posted $0.73 EPS. On average, analysts predict that The AES Co. will post 1.93 earnings per share for the current year.

AES Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.176 per share. The ex-dividend date is Thursday, May 1st. This represents a $0.70 annualized dividend and a dividend yield of 6.92%. AES’s dividend payout ratio (DPR) is 29.54%.

Analyst Ratings Changes

AES has been the subject of a number of research analyst reports. Susquehanna cut their price objective on AES from $16.00 to $15.00 and set a “positive” rating for the company in a research report on Wednesday, March 5th. Mizuho reduced their price objective on AES from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. Bank of America upgraded AES from an “underperform” rating to a “neutral” rating and increased their target price for the company from $11.00 to $13.00 in a research report on Tuesday, March 4th. Seaport Res Ptn cut shares of AES from a “hold” rating to a “strong sell” rating in a research report on Monday, March 3rd. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $10.00 price objective (down from $15.00) on shares of AES in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $13.67.

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.