Andra AP fonden Makes New $2.76 Million Investment in The AES Co. (NYSE:AES)

Andra AP fonden purchased a new position in shares of The AES Co. (NYSE:AES - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 214,700 shares of the utilities provider's stock, valued at approximately $2,763,000.

Several other institutional investors also recently bought and sold shares of AES. State Street Corp lifted its holdings in AES by 18.2% during the 3rd quarter. State Street Corp now owns 38,651,752 shares of the utilities provider's stock worth $775,354,000 after buying an additional 5,960,546 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of AES by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 16,513,917 shares of the utilities provider's stock worth $330,125,000 after buying an additional 181,975 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in 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 worth $88,536,000 after acquiring an additional 185,020 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in AES by 5.5% in the fourth quarter. Bank of New York Mellon Corp now owns 4,756,831 shares of the utilities provider's stock valued at $61,220,000 after acquiring an additional 249,486 shares in the last quarter. Finally, Empower Advisory Group LLC lifted its holdings in shares of AES by 12.5% in the 4th quarter. Empower Advisory Group LLC now owns 3,961,827 shares of the utilities provider's stock valued at $50,989,000 after purchasing an additional 439,493 shares during the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

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AES Stock Up 1.6 %

Shares of NYSE AES traded up $0.19 during mid-day trading on Tuesday, reaching $11.97. 9,043,949 shares of the company's stock were exchanged, compared to its average volume of 16,040,941. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 0.82 and a beta of 0.94. The business has a fifty day simple moving average of $11.32 and a 200 day simple moving average of $14.29. The AES Co. has a twelve month low of $9.88 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 for the quarter, topping analysts' consensus estimates of $0.34 by $0.20. AES had a return on equity of 27.30% and a net margin of 8.34%. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the company earned $0.73 earnings per share. As a group, equities analysts expect that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.176 dividend. The ex-dividend date is Thursday, May 1st. This represents a $0.70 annualized dividend and a dividend yield of 5.88%. AES's payout ratio is 29.54%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AES. Hsbc Global Res upgraded shares of AES to a "strong-buy" rating in a research note on Friday, December 13th. Seaport Res Ptn lowered shares of AES from a "hold" rating to a "strong sell" rating in a research report on Monday, March 3rd. Mizuho dropped their price target on AES from $16.00 to $15.00 and set an "outperform" rating for the company in a research report on Tuesday, March 4th. Susquehanna decreased their price target on AES from $16.00 to $15.00 and set a "positive" rating on the stock in a research note on Wednesday, March 5th. Finally, Barclays dropped their price target on AES from $17.00 to $12.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.30.

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.