AXQ Capital LP Purchases 77,203 Shares of The AES Co. (NYSE:AES)

AXQ Capital LP increased its position in shares of The AES Co. (NYSE:AES - Free Report) by 526.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 91,867 shares of the utilities provider's stock after acquiring an additional 77,203 shares during the period. AXQ Capital LP's holdings in AES were worth $1,182,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AES. Millburn Ridgefield Corp bought a new stake in shares of AES during the third quarter worth about $28,000. SRS Capital Advisors Inc. increased its position in AES by 190.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 1,581 shares during the period. WR Wealth Planners LLC raised 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 acquiring an additional 1,369 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of AES during the third quarter worth $63,000. Finally, AlphaQuest LLC increased its holdings in AES by 18,047.1% in the fourth quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider's stock valued at $79,000 after purchasing an additional 6,136 shares during the period. Institutional investors and hedge funds own 93.13% of the company's stock.

AES Stock Down 1.4 %

AES stock traded down $0.18 during trading on Wednesday, reaching $12.48. 10,499,524 shares of the stock were exchanged, compared to its average volume of 10,755,198. The firm's 50 day moving average is $11.33 and its 200 day moving average is $13.89. The firm has a market cap of $8.88 billion, a P/E ratio of 8.67, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94. 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 AES Co. has a twelve month low of $9.88 and a twelve month high of $22.21.

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AES (NYSE:AES - Get Free Report) last issued 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. 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 firm earned $0.73 earnings per share. As a group, research analysts forecast that The AES Co. will post 1.93 EPS for the current year.

AES Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.176 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.70 annualized dividend and a yield of 5.64%. AES's payout ratio is 29.54%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AES shares. HSBC started coverage on AES in a research report on Friday, December 13th. They set a "buy" rating and a $17.00 price objective for the company. Mizuho reduced their price objective 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. Bank of America raised shares of AES from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $11.00 to $13.00 in a research note on Tuesday, March 4th. Barclays decreased their price target on AES from $17.00 to $12.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Finally, Hsbc Global Res raised AES to a "strong-buy" rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.56.

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.