Capital International Investors Trims Holdings in The AES Co. (NYSE:AES)

Capital International Investors lowered its position in The AES Co. (NYSE:AES - Free Report) by 56.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,958,431 shares of the utilities provider's stock after selling 35,093,715 shares during the quarter. Capital International Investors owned approximately 3.79% of AES worth $346,736,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AES. SRS Capital Advisors Inc. raised its holdings in shares of AES by 190.3% in the fourth 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 in the last quarter. WR Wealth Planners LLC lifted its position in shares of AES by 93.3% in the 4th quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock worth $37,000 after purchasing an additional 1,369 shares during the period. Covestor Ltd raised its stake in AES by 601.5% in the fourth quarter. Covestor Ltd now owns 5,745 shares of the utilities provider's stock worth $74,000 after buying an additional 4,926 shares in the last quarter. AlphaQuest LLC boosted its position in AES by 18,047.1% during the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider's stock valued at $79,000 after acquiring an additional 6,136 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of AES by 95.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,295 shares of the utilities provider's stock valued at $81,000 after acquiring an additional 3,080 shares during the period. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AES. Mizuho cut their target price on AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 4th. Jefferies Financial Group reiterated a "hold" rating and set a $10.00 price objective (down previously from $15.00) on shares of AES in a research note on Thursday, April 10th. Bank of America raised 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 report on Tuesday, March 4th. Barclays lowered their price objective on AES from $17.00 to $12.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. Finally, Susquehanna reduced their target price on AES from $16.00 to $15.00 and set a "positive" rating on the stock in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $13.67.

AES Price Performance

AES traded up $0.18 during trading on Tuesday, hitting $9.98. The company's stock had a trading volume of 9,765,081 shares, compared to its average volume of 11,368,761. 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 $7.10 billion, a price-to-earnings ratio of 6.93, a P/E/G ratio of 0.82 and a beta of 0.81. The business's fifty day simple moving average is $11.29 and its 200 day simple moving average is $12.76. The AES Co. has a twelve month low of $9.57 and a twelve month high of $22.21.

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. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.07 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. During the same period last year, the company posted $0.73 EPS. On average, equities research analysts forecast that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors 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 annualized dividend and a dividend yield of 7.05%. AES's dividend payout ratio is presently 29.54%.

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.