Two Sigma Advisers LP Has $21.12 Million Position in The AES Co. (NYSE:AES)

Two Sigma Advisers LP cut its stake in The AES Co. (NYSE:AES) by 57.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,641,300 shares of the utilities provider’s stock after selling 2,197,200 shares during the period. Two Sigma Advisers LP owned approximately 0.23% of AES worth $21,124,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of AES. Point72 Asset Management L.P. bought a new stake in AES during the fourth quarter worth about $121,627,000. FMR LLC raised its position in shares of AES by 19.5% in 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 shares of AES by 35.7% during the 4th quarter. Ameriprise Financial Inc. now owns 28,571,119 shares of the utilities provider’s stock worth $367,499,000 after acquiring an additional 7,519,129 shares during the period. Invesco Ltd. boosted its position in shares of AES by 64.2% during the 4th quarter. Invesco Ltd. now owns 15,948,807 shares of the utilities provider’s stock worth $205,261,000 after acquiring an additional 6,238,087 shares in the last quarter. Finally, Sound Shore Management Inc. CT bought a new position in AES in the fourth quarter valued at approximately $69,083,000. 93.13% of the stock is currently owned by institutional investors.

AES Stock Performance

AES stock opened at $11.23 on Wednesday. The business has a 50 day moving average of $11.27 and a 200-day moving average of $11.89. 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 AES Co. has a 1 year low of $9.57 and a 1 year high of $22.21. The company has a market capitalization 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.

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

AES Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a $0.176 dividend. The ex-dividend date was Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.27%. AES’s dividend payout ratio (DPR) is presently 38.04%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AES shares. Seaport Res Ptn cut AES from a “hold” rating to a “strong sell” rating in a research note on Monday, March 3rd. Jefferies Financial Group lowered AES from a “hold” rating to an “underperform” rating and reduced their price objective for the company from $10.00 to $9.00 in a research note on Tuesday. Bank of America raised AES from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $11.00 to $13.00 in a research note on Tuesday, March 4th. JPMorgan Chase & Co. reduced their price target on shares of AES from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Finally, Barclays lowered their price objective on shares of AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, AES has an average rating of “Moderate Buy” and a consensus price target of $24.22.

About AES

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.