The AES Co. (NYSE:AES) Stock Holdings Reduced by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd decreased its stake in shares of The AES Co. (NYSE:AES - Free Report) by 33.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,504 shares of the utilities provider's stock after selling 26,479 shares during the period. AustralianSuper Pty Ltd's holdings in AES were worth $689,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Millburn Ridgefield Corp acquired a new position in shares of AES during the third quarter valued at approximately $28,000. Cromwell Holdings LLC increased its position in shares of AES by 59.1% during the 3rd quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 640 shares during the period. Brooklyn Investment Group bought a new stake in shares of AES in the 3rd quarter worth $63,000. Blue Trust Inc. lifted its holdings in shares of AES by 69.3% in the third quarter. Blue Trust Inc. now owns 3,688 shares of the utilities provider's stock valued at $74,000 after buying an additional 1,509 shares during the period. Finally, Toth Financial Advisory Corp acquired a new position in AES during the fourth quarter worth about $95,000. 93.13% of the stock is currently owned by institutional investors.

AES Stock Up 1.1 %

NYSE AES traded up $0.12 during trading on Wednesday, reaching $10.41. 10,004,153 shares of the company's stock were exchanged, compared to its average volume of 14,475,573. The firm has a market capitalization of $7.40 billion, a PE ratio of 7.23, a P/E/G ratio of 0.77 and a beta of 0.99. The AES Co. has a fifty-two week low of $9.88 and a fifty-two week high of $22.21. 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 company's fifty day simple moving average is $11.88 and its 200-day simple moving average is $14.85.

AES Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.176 dividend. This represents a $0.70 annualized dividend and a yield of 6.76%. The ex-dividend date was Friday, January 31st. This is a positive change from AES's previous quarterly dividend of $0.17. AES's dividend payout ratio is currently 48.61%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Susquehanna cut their price target on shares of AES from $24.00 to $21.00 and set a "positive" rating for the company in a report on Tuesday, November 5th. Hsbc Global Res raised shares of AES to a "strong-buy" rating in a research note on Friday, December 13th. Bank of America began coverage on shares of AES in a research report on Monday, November 25th. They issued an "underperform" rating and a $11.00 price target on the stock. Barclays reduced their price objective on AES from $17.00 to $12.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Finally, HSBC assumed coverage on AES in a research report on Friday, December 13th. They set a "buy" rating and a $17.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, AES has an average rating of "Moderate Buy" and an average price target of $18.80.

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.