Bank of New York Mellon Corp Raises Holdings in The AES Co. (NYSE:AES)

Bank of New York Mellon Corp raised its stake in The AES Co. (NYSE:AES - Free Report) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,756,831 shares of the utilities provider's stock after acquiring an additional 249,486 shares during the period. Bank of New York Mellon Corp owned 0.67% of AES worth $61,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Millburn Ridgefield Corp acquired a new position in AES in the third quarter valued at $28,000. Brooklyn Investment Group acquired a new stake in shares of AES during the third quarter worth about $63,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of AES during the third quarter worth about $139,000. Frazier Financial Advisors LLC boosted its stake in shares of AES by 160.3% during the third quarter. Frazier Financial Advisors LLC now owns 6,983 shares of the utilities provider's stock worth $140,000 after buying an additional 4,300 shares during the period. Finally, Kestra Investment Management LLC acquired a new stake in shares of AES during the fourth quarter worth about $95,000. Institutional investors and hedge funds own 93.13% of the company's stock.

AES Price Performance

AES stock traded up $0.36 during mid-day trading on Friday, reaching $11.23. The company had a trading volume of 20,479,436 shares, compared to its average volume of 16,110,064. The AES Co. has a 1 year low of $9.88 and a 1 year high of $22.21. 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 company has a market capitalization of $7.98 billion, a P/E ratio of 7.80, a P/E/G ratio of 0.82 and a beta of 0.99. The stock's 50-day simple moving average is $11.35 and its 200-day simple moving average is $14.38.

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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 (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.20. AES had a net margin of 8.34% and a return on equity of 27.30%. The company had revenue of $2.96 billion during the quarter, compared to analysts' expectations of $3.07 billion. During the same period last year, the company posted $0.73 earnings per share. On average, equities analysts predict that The AES Co. will post 1.93 EPS for the current year.

AES Announces Dividend

The business also recently announced 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 yield of 6.27%. AES's dividend payout ratio (DPR) is presently 29.54%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AES shares. Bank of America upgraded shares of AES from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $11.00 to $13.00 in a research note on Tuesday. Seaport Res Ptn downgraded shares of AES from a "hold" rating to a "strong sell" rating in a research note on Monday, March 3rd. Mizuho decreased their target price on shares of AES from $16.00 to $15.00 and set an "outperform" rating for the company in a research note on Tuesday. Hsbc Global Res upgraded shares of AES to a "strong-buy" rating in a research report on Friday, December 13th. Finally, Susquehanna reduced their price objective on shares of AES from $16.00 to $15.00 and set a "positive" rating for the company in a research report on Wednesday. One investment 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.