Capital International Inc. CA Has $5.50 Million Holdings in The AES Co. (NYSE:AES)

Capital International Inc. CA trimmed its holdings in shares of The AES Co. (NYSE:AES - Free Report) by 11.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 427,160 shares of the utilities provider's stock after selling 53,793 shares during the period. Capital International Inc. CA owned 0.06% of AES worth $5,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Rockland Trust Co. lifted its position in shares of AES by 7.4% during the 4th quarter. Rockland Trust Co. now owns 16,010 shares of the utilities provider's stock worth $206,000 after buying an additional 1,110 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in AES by 3.5% in the third quarter. Sanctuary Advisors LLC now owns 34,067 shares of the utilities provider's stock valued at $683,000 after acquiring an additional 1,141 shares during the period. WR Wealth Planners LLC boosted its stake in shares of AES by 93.3% during the 4th quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock worth $37,000 after acquiring an additional 1,369 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its position in shares of AES by 11.4% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 14,082 shares of the utilities provider's stock worth $181,000 after purchasing an additional 1,436 shares during the last quarter. Finally, Seed Wealth Management Inc. increased its stake in shares of AES by 11.4% during the 4th quarter. Seed Wealth Management Inc. now owns 14,665 shares of the utilities provider's stock valued at $189,000 after acquiring an additional 1,500 shares during the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Stock Performance

Shares of NYSE:AES traded up $0.16 during midday trading on Wednesday, hitting $10.14. The company's stock had a trading volume of 10,414,273 shares, compared to its average volume of 11,406,892. The AES Co. has a fifty-two week low of $9.57 and a fifty-two week high of $22.21. 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 stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 0.82 and a beta of 0.81. The stock's 50 day simple moving average is $11.29 and its 200 day simple moving average is $12.74.

AES (NYSE:AES - Get Free Report) last issued its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share 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 firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the prior year, the firm earned $0.73 EPS. As a group, research analysts anticipate that The AES Co. will post 1.93 earnings per share for the current year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.176 per share. The ex-dividend date is Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.94%. AES's payout ratio is presently 29.54%.

Analysts Set New Price Targets

Several brokerages have commented on AES. Bank of America upgraded AES from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $11.00 to $13.00 in a research note on Tuesday, March 4th. Seaport Res Ptn cut shares of AES from a "hold" rating to a "strong sell" rating in a research report on Monday, March 3rd. Barclays dropped their price objective on shares of AES from $17.00 to $12.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. Susquehanna decreased 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, Mizuho cut their price objective on AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $13.67.

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.