DRW Securities LLC Buys 77,415 Shares of The AES Co. (NYSE:AES)

DRW Securities LLC grew its stake in shares of The AES Co. (NYSE:AES - Free Report) by 218.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,834 shares of the utilities provider's stock after purchasing an additional 77,415 shares during the period. DRW Securities LLC's holdings in AES were worth $1,452,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SRS Capital Advisors Inc. grew its stake in shares of 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 boosted 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 purchasing an additional 1,369 shares in the last quarter. AlphaQuest LLC increased its stake 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 purchasing an additional 6,136 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in 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 purchasing an additional 3,080 shares during the last quarter. Finally, Cape Investment Advisory Inc. increased its holdings in AES by 39.1% in the 4th quarter. Cape Investment Advisory Inc. now owns 6,978 shares of the utilities provider's stock worth $90,000 after buying an additional 1,961 shares in the last quarter. Hedge funds and other institutional investors own 93.13% of the company's stock.

AES Price Performance

Shares of AES traded down $0.12 during mid-day trading on Tuesday, hitting $10.36. 3,973,070 shares of the stock were exchanged, compared to its average volume of 11,265,832. The firm has a 50-day moving average of $11.33 and a two-hundred day moving average of $13.11. The AES Co. has a 52-week low of $9.88 and a 52-week high of $22.21. 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 company has a market cap of $7.38 billion, a PE ratio of 7.19, a price-to-earnings-growth ratio of 0.82 and a beta of 0.81.

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

AES Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a yield of 6.79%. The ex-dividend date of this dividend is Thursday, May 1st. AES's payout ratio is 29.54%.

Analyst Ratings Changes

Several analysts recently commented on the company. Susquehanna cut their price objective on AES from $16.00 to $15.00 and set a "positive" rating for the company in a report on Wednesday, March 5th. Barclays lowered their price objective 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 upped their target price for the stock from $11.00 to $13.00 in a report on Tuesday, March 4th. Seaport Res Ptn cut AES from a "hold" rating to a "strong sell" rating in a report on Monday, March 3rd. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $10.00 target price (down previously from $15.00) on shares of AES in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, AES presently 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.