OMERS ADMINISTRATION Corp Purchases 116,617 Shares of The AES Co. (NYSE:AES)

OMERS ADMINISTRATION Corp boosted its position in The AES Co. (NYSE:AES) by 499.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 139,971 shares of the utilities provider’s stock after purchasing an additional 116,617 shares during the period. OMERS ADMINISTRATION Corp’s holdings in AES were worth $1,801,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. FMR LLC lifted its position in shares of AES by 19.5% during the 4th quarter. FMR LLC now owns 49,173,626 shares of the utilities provider’s stock valued at $632,865,000 after buying an additional 8,027,426 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in AES by 35.7% during the fourth quarter. Ameriprise Financial Inc. now owns 28,571,119 shares of the utilities provider’s stock valued at $367,499,000 after purchasing an additional 7,519,129 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of AES by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 16,895,678 shares of the utilities provider’s stock worth $216,862,000 after purchasing an additional 381,761 shares during the period. Invesco Ltd. increased its stake in shares of AES by 64.2% in the fourth quarter. Invesco Ltd. now owns 15,948,807 shares of the utilities provider’s stock worth $205,261,000 after purchasing an additional 6,238,087 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of AES by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,879,259 shares of the utilities provider’s stock valued at $88,536,000 after purchasing an additional 185,020 shares during the period. 93.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AES has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on shares of AES from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Jefferies Financial Group reaffirmed a “hold” rating and set a $10.00 target price (down from $15.00) on shares of AES in a research note on Thursday, April 10th. Bank of America upgraded shares of AES from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $11.00 to $13.00 in a research note on Tuesday, March 4th. HSBC cut their price objective on AES from $15.00 to $14.00 in a research report on Monday, May 5th. Finally, Seaport Res Ptn downgraded AES from a “hold” rating to a “strong sell” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.33.

AES Stock Performance

NYSE:AES opened at $12.40 on Friday. The company’s 50-day moving average is $11.29 and its two-hundred day moving average is $12.01. The AES Co. has a 1-year low of $9.57 and a 1-year high of $22.21. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The firm has a market capitalization of $8.83 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 0.82 and a beta of 0.94.

AES (NYSE:AES) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.10). AES had a net margin of 8.34% and a return on equity of 27.30%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. Analysts forecast that The AES Co. will post 1.93 EPS for the current year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a dividend of $0.176 per share. The ex-dividend date was Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a yield of 5.68%. 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.