Capital World Investors Decreases Stock Position in The AES Co. (NYSE:AES)

Capital World Investors decreased its holdings in The AES Co. (NYSE:AES - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,746,826 shares of the utilities provider's stock after selling 2,503,142 shares during the period. Capital World Investors owned about 3.20% of AES worth $292,752,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. SRS Capital Advisors Inc. raised 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 worth $31,000 after buying an additional 1,581 shares during the last quarter. WR Wealth Planners LLC raised its holdings 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 purchasing an additional 1,369 shares during the last quarter. Covestor Ltd lifted its position in AES by 601.5% during the fourth quarter. Covestor Ltd now owns 5,745 shares of the utilities provider's stock valued at $74,000 after purchasing an additional 4,926 shares during the period. AlphaQuest LLC grew its position in AES by 18,047.1% in the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider's stock worth $79,000 after purchasing an additional 6,136 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings 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 valued at $81,000 after buying an additional 3,080 shares during the period. Hedge funds and other institutional investors own 93.13% of the company's stock.

AES Trading Up 2.1 %

AES stock opened at $10.17 on Monday. 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 firm's 50 day moving average price is $11.30 and its 200-day moving average price is $12.84. The AES Co. has a 1 year low of $9.86 and a 1 year high of $22.21. The stock has a market cap of $7.24 billion, a P/E ratio of 7.06, a PEG ratio of 0.82 and a beta of 0.81.

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

AES Dividend Announcement

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. This represents a $0.70 annualized dividend and a yield of 6.92%. The ex-dividend date of this dividend is Thursday, May 1st. AES's dividend payout ratio is presently 29.54%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Barclays cut their price objective on AES from $17.00 to $12.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Seaport Res Ptn cut shares of AES from a "hold" rating to a "strong sell" rating in a research note on Monday, March 3rd. Susquehanna reduced their target price on shares of AES from $16.00 to $15.00 and set a "positive" rating for the company in a report on Wednesday, March 5th. Mizuho cut their price objective on shares of AES from $16.00 to $15.00 and set an "outperform" rating for the company in a research report on Tuesday, March 4th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $10.00 target price (down from $15.00) on shares of AES in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $13.67.

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.

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