Decade Renewable Partners LP Acquires 154,400 Shares of The AES Co. (NYSE:AES)

Decade Renewable Partners LP increased its holdings in The AES Co. (NYSE:AES - Free Report) by 58.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 416,600 shares of the utilities provider's stock after buying an additional 154,400 shares during the period. AES comprises approximately 2.6% of Decade Renewable Partners LP's investment portfolio, making the stock its 17th biggest holding. Decade Renewable Partners LP owned about 0.06% of AES worth $5,362,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. SRS Capital Advisors Inc. lifted its holdings in shares of AES by 190.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 1,581 shares during the last quarter. Optiver Holding B.V. grew its holdings in shares of AES by 79.5% during the fourth quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock valued at $35,000 after buying an additional 1,201 shares during the last quarter. 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 worth $37,000 after acquiring an additional 1,369 shares during the last quarter. Covestor Ltd grew its stake in AES by 601.5% during the 4th 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 last quarter. Finally, 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 period. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

AES Trading Down 0.7 %

AES opened at $10.05 on Monday. The company's 50 day simple moving average is $11.29 and its two-hundred day simple moving average is $12.56. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 6.98, a price-to-earnings-growth ratio of 0.82 and a beta of 0.81. 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 AES Co. has a 1-year low of $9.57 and a 1-year high of $22.21.

AES (NYSE:AES - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the firm earned $0.73 EPS. Analysts expect that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Announces Dividend

The company 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 dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a yield of 7.00%. The ex-dividend date of this dividend is Thursday, May 1st. AES's dividend payout ratio (DPR) is 29.54%.

Analyst Ratings Changes

Several equities analysts recently weighed in on AES shares. Susquehanna cut their price target on shares of AES from $16.00 to $15.00 and set a "positive" rating on the stock in a report on Wednesday, March 5th. Seaport Res Ptn lowered shares of AES from a "hold" rating to a "strong sell" rating in a report on Monday, March 3rd. Barclays reduced their price objective on AES from $17.00 to $12.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Jefferies Financial Group reaffirmed 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. Finally, 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 report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $13.71.

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.

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