The AES Co. (NYSE:AES) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC cut its stake in The AES Co. (NYSE:AES - Free Report) by 25.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,046 shares of the utilities provider's stock after selling 42,821 shares during the period. Corient Private Wealth LLC's holdings in AES were worth $1,609,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Stephens Inc. AR increased its stake in shares of AES by 67.1% during the fourth quarter. Stephens Inc. AR now owns 332,012 shares of the utilities provider's stock valued at $4,273,000 after buying an additional 133,308 shares during the period. UMB Bank n.a. increased its position in AES by 5,143.7% during the 4th quarter. UMB Bank n.a. now owns 76,977 shares of the utilities provider's stock valued at $991,000 after purchasing an additional 75,509 shares during the period. Rock Point Advisors LLC raised its holdings in shares of AES by 34.6% in the 3rd quarter. Rock Point Advisors LLC now owns 760,775 shares of the utilities provider's stock valued at $15,261,000 after purchasing an additional 195,460 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of AES during the fourth quarter valued at approximately $489,000. Finally, Leibman Financial Services Inc. purchased a new position in AES during the fourth quarter valued at approximately $2,375,000. Hedge funds and other institutional investors own 93.13% of the company's stock.

AES Stock Performance

Shares of NYSE:AES traded down $0.02 during trading on Friday, hitting $12.42. The stock had a trading volume of 11,081,428 shares, compared to its average volume of 10,997,921. The stock has a 50-day simple moving average of $11.34 and a two-hundred day simple moving average of $13.88. The stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94. The AES Co. has a 12-month low of $9.88 and a 12-month high of $22.21. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21.

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AES (NYSE:AES - Get Free Report) last announced 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. AES had a net margin of 8.34% and a return on equity of 27.30%. The business had revenue of $2.96 billion during the quarter, compared to analysts' expectations of $3.07 billion. During the same period in the previous year, the business posted $0.73 EPS. On average, equities research analysts expect that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.176 dividend. The ex-dividend date is Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.67%. AES's payout ratio is 29.54%.

Analyst Upgrades and Downgrades

AES has been the topic of several recent research reports. Barclays dropped their target price on AES from $17.00 to $12.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Bank of America raised shares of AES from an "underperform" rating to a "neutral" rating and increased their target price for the company from $11.00 to $13.00 in a research report on Tuesday, March 4th. Hsbc Global Res raised AES to a "strong-buy" rating in a research report on Friday, December 13th. Mizuho lowered their price objective on AES from $16.00 to $15.00 and set an "outperform" rating for the company in a research report on Tuesday, March 4th. Finally, Seaport Res Ptn lowered AES from a "hold" rating to a "strong sell" rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, AES has a consensus rating of "Moderate Buy" and a consensus price target of $16.63.

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.