The AES Co. (NYSE:AES) Shares Purchased by Community Trust & Investment Co.

Community Trust & Investment Co. lifted its stake in shares of The AES Co. (NYSE:AESFree Report) by 19.0% during the 4th quarter, HoldingsChannel reports. The fund owned 212,063 shares of the utilities provider’s stock after acquiring an additional 33,887 shares during the period. Community Trust & Investment Co.’s holdings in AES were worth $2,729,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AES. Millburn Ridgefield Corp acquired a new position in shares of AES in the 3rd quarter valued at $28,000. Cromwell Holdings LLC boosted its holdings in AES by 59.1% in the third quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 640 shares during the last quarter. Brooklyn Investment Group purchased a new stake in AES during the third quarter valued at about $63,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of AES in the 3rd quarter worth about $74,000. Finally, Blue Trust Inc. lifted its stake in shares of AES by 69.3% in the 3rd quarter. Blue Trust Inc. now owns 3,688 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 1,509 shares in the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Price Performance

Shares of NYSE AES opened at $11.87 on Wednesday. The business has a 50 day moving average price of $13.11 and a two-hundred day moving average price of $16.02. The AES Co. has a fifty-two week low of $11.57 and a fifty-two week high of $22.21. The firm has a market cap of $8.44 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 0.71 and a beta of 1.00. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21.

AES (NYSE:AESGet Free Report) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.11. The firm 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 quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. Sell-side analysts expect that The AES Co. will post 1.95 earnings per share for the current fiscal year.

AES Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.176 per share. The ex-dividend date is Friday, January 31st. This represents a $0.70 annualized dividend and a yield of 5.93%. This is a boost from AES’s previous quarterly dividend of $0.17. AES’s dividend payout ratio is presently 48.61%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AES. Barclays cut their price target on shares of AES from $23.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, December 13th. Susquehanna cut their target price on shares of AES from $24.00 to $21.00 and set a “positive” rating on the stock in a research note on Tuesday, November 5th. Mizuho decreased their price target on shares of AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, November 21st. Evercore ISI raised AES to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, Hsbc Global Res raised AES to a “strong-buy” rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.30.

View Our Latest Stock Analysis on AES

AES Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AES (NYSE:AES)

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