Twinbeech Capital LP Acquires Shares of 221,904 The AES Co. (NYSE:AES)

Twinbeech Capital LP acquired a new stake in The AES Co. (NYSE:AES) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 221,904 shares of the utilities provider’s stock, valued at approximately $2,856,000.

A number of other institutional investors also recently bought and sold shares of the business. Tidal Investments LLC increased its stake in AES by 12.8% in the fourth quarter. Tidal Investments LLC now owns 22,058 shares of the utilities provider’s stock valued at $284,000 after purchasing an additional 2,509 shares during the period. Snowden Capital Advisors LLC increased its stake in AES by 119.3% in the fourth quarter. Snowden Capital Advisors LLC now owns 39,425 shares of the utilities provider’s stock valued at $507,000 after purchasing an additional 21,447 shares during the period. Shellback Capital LP increased its stake in AES by 71.4% in the fourth quarter. Shellback Capital LP now owns 600,000 shares of the utilities provider’s stock valued at $7,722,000 after purchasing an additional 250,000 shares during the period. Sherbrooke Park Advisers LLC increased its stake in AES by 24.8% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 57,102 shares of the utilities provider’s stock valued at $735,000 after purchasing an additional 11,331 shares during the period. Finally, SIR Capital Management L.P. increased its stake in shares of AES by 16.8% during the fourth quarter. SIR Capital Management L.P. now owns 2,100,958 shares of the utilities provider’s stock worth $27,039,000 after acquiring an additional 302,041 shares during the period. 93.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AES shares. Susquehanna dropped their price target on shares of AES from $16.00 to $15.00 and set a “positive” rating on the stock in a research note on Wednesday, March 5th. Jefferies Financial Group lowered shares of AES from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $10.00 to $9.00 in a research note on Tuesday. Mizuho dropped their price target 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. Seaport Res Ptn lowered shares of AES from a “hold” rating to a “strong sell” rating in a research note on Monday, March 3rd. Finally, Citigroup dropped their price target on shares of AES from $23.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.22.

AES Stock Down 4.1%

AES stock opened at $11.23 on Wednesday. The company has a market cap of $7.99 billion, a P/E ratio of 7.80, a P/E/G ratio of 0.82 and a beta of 0.94. The AES Co. has a 52 week low of $9.57 and a 52 week high of $22.21. The company’s 50-day moving average price is $11.27 and its 200 day moving average price is $11.89. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21.

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

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date was Thursday, May 1st. AES’s dividend payout ratio is currently 38.04%.

AES Company 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.