Natixis Invests $458,000 in The AES Co. (NYSE:AES)

Natixis purchased a new position in The AES Co. (NYSE:AES - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 35,603 shares of the utilities provider's stock, valued at approximately $458,000.

Other hedge funds have also bought and sold shares of the company. SRS Capital Advisors Inc. grew its holdings in AES by 190.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 1,581 shares during the last quarter. WR Wealth Planners LLC grew its stake 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 valued at $37,000 after buying an additional 1,369 shares during the last quarter. Covestor Ltd raised its holdings in shares of AES by 601.5% in the fourth quarter. Covestor Ltd now owns 5,745 shares of the utilities provider's stock worth $74,000 after buying an additional 4,926 shares during the period. AlphaQuest LLC boosted its holdings in AES by 18,047.1% during the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider's stock valued at $79,000 after acquiring an additional 6,136 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in AES by 95.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,295 shares of the utilities provider's stock valued at $81,000 after acquiring an additional 3,080 shares during the last quarter. Institutional investors own 93.13% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AES. JPMorgan Chase & Co. lowered their target price on shares of AES from $16.00 to $14.00 and set an "overweight" rating for the company in a research note on Thursday. 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 research note on Thursday, April 10th. Mizuho dropped their target price on shares of AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a report on Tuesday, March 4th. Susquehanna lowered their price target on shares of AES from $16.00 to $15.00 and set a "positive" rating for the company in a research report on Wednesday, March 5th. Finally, Barclays dropped their price objective on shares of AES from $17.00 to $12.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $13.71.

AES Stock Up 1.4 %

AES traded up $0.14 during trading on Monday, hitting $10.19. The stock had a trading volume of 13,948,340 shares, compared to its average volume of 11,513,155. The stock has a 50 day simple moving average of $11.29 and a two-hundred day simple moving average of $12.56. The company has a market capitalization of $7.25 billion, a PE ratio of 7.08, a PEG ratio of 0.82 and a beta of 0.81. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The AES Co. has a twelve month low of $9.57 and a twelve month high of $22.21.

AES (NYSE:AES - Get Free Report) last announced its earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.20. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.07 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. During the same period in the prior year, the company posted $0.73 EPS. On average, research analysts predict that The AES Co. will post 1.93 earnings per share for the current year.

AES Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.176 dividend. 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 dividend payout ratio is currently 29.54%.

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.