Brevan Howard Capital Management LP Acquires Shares of 480,606 The AES Co. (NYSE:AES)

Brevan Howard Capital Management LP bought a new stake in shares of The AES Co. (NYSE:AES) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 480,606 shares of the utilities provider’s stock, valued at approximately $6,185,000. Brevan Howard Capital Management LP owned approximately 0.07% of AES at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. boosted its holdings 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 buying an additional 1,581 shares during the last quarter. Optiver Holding B.V. boosted its stake in shares of AES by 79.5% in the fourth quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 1,201 shares during the last quarter. WR Wealth Planners LLC increased its position in shares of AES by 93.3% during the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 1,369 shares in the last quarter. Covestor Ltd lifted its holdings in AES by 601.5% in the 4th quarter. Covestor Ltd now owns 5,745 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 4,926 shares in the last quarter. Finally, AlphaQuest LLC boosted its stake in AES by 18,047.1% during the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider’s stock worth $79,000 after purchasing an additional 6,136 shares during the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AES. Barclays cut their price target on AES from $17.00 to $12.00 and set an “overweight” rating for the company in a report on Monday, January 27th. JPMorgan Chase & Co. reduced their price target on AES from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Jefferies Financial Group reissued a “hold” rating and issued a $10.00 price objective (down previously from $15.00) on shares of AES in a report on Thursday, April 10th. Mizuho reduced their target price on shares of AES from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. Finally, Seaport Res Ptn downgraded shares of AES from a “hold” rating to a “strong sell” rating in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.71.

AES Stock Performance

Shares of AES stock opened at $10.19 on Monday. The AES Co. has a 52 week low of $9.57 and a 52 week high of $22.21. The firm has a 50 day moving average of $11.24 and a two-hundred day moving average of $12.30. 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 $7.25 billion, a PE ratio of 7.08, a P/E/G ratio of 0.82 and a beta of 0.94.

AES (NYSE:AES) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.10). AES had a return on equity of 27.30% and a net margin of 8.34%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the company earned $0.60 EPS. AES’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, research analysts predict that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.176 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.91%. AES’s payout ratio is currently 38.04%.

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.