Capital International Ltd. CA Sells 85,514 Shares of The AES Co. (NYSE:AES)

Capital International Ltd. CA lowered its stake in shares of The AES Co. (NYSE:AES - Free Report) by 24.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 268,535 shares of the utilities provider's stock after selling 85,514 shares during the period. Capital International Ltd. CA's holdings in AES were worth $3,456,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. SRS Capital Advisors Inc. raised its stake in 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 buying an additional 1,581 shares during the period. WR Wealth Planners LLC raised its stake in AES by 93.3% in the 4th 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 period. Covestor Ltd boosted its position in AES by 601.5% during the fourth quarter. Covestor Ltd now owns 5,745 shares of the utilities provider's stock worth $74,000 after purchasing an additional 4,926 shares during the period. AlphaQuest LLC increased its holdings in shares of 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 last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of AES by 95.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,295 shares of the utilities provider's stock worth $81,000 after buying an additional 3,080 shares during the last quarter. Institutional investors and hedge funds own 93.13% of the company's stock.

AES Price Performance

Shares of AES stock traded up $0.04 during midday trading on Thursday, hitting $10.16. 5,323,925 shares of the company traded hands, compared to its average volume of 11,384,454. The AES Co. has a 12 month low of $9.57 and a 12 month high of $22.21. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of 7.06, a PEG ratio of 0.82 and a beta of 0.81. 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 firm's fifty day moving average price is $11.29 and its 200-day moving average price is $12.74.

AES (NYSE:AES - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.20. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.07 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. During the same quarter in the prior year, the firm posted $0.73 earnings per share. As a group, sell-side analysts forecast that The AES Co. will post 1.93 earnings per share for the current year.

AES Announces Dividend

The business also recently announced 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. This represents a $0.70 annualized dividend and a yield of 6.93%. The ex-dividend date is Thursday, May 1st. AES's payout ratio is presently 29.54%.

Analysts Set New Price Targets

AES has been the subject of several analyst reports. Seaport Res Ptn cut shares of AES from a "hold" rating to a "strong sell" rating in a research note on Monday, March 3rd. Jefferies Financial Group reiterated a "hold" rating and issued a $10.00 price target (down from $15.00) on shares of AES in a research note on Thursday, April 10th. Mizuho lowered their price objective on 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 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 report on Tuesday, March 4th. Finally, Barclays dropped their price target on AES from $17.00 to $12.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $13.71.

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.