EntryPoint Capital LLC Has $687,000 Stock Holdings in The AES Co. (NYSE:AES)

EntryPoint Capital LLC increased its holdings in The AES Co. (NYSE:AES - Free Report) by 58.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,383 shares of the utilities provider's stock after acquiring an additional 19,784 shares during the period. EntryPoint Capital LLC's holdings in AES were worth $687,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of AES by 18.2% in the third quarter. State Street Corp now owns 38,651,752 shares of the utilities provider's stock worth $775,354,000 after buying an additional 5,960,546 shares during the last quarter. Sound Shore Management Inc. CT bought a new position in AES in the 4th quarter worth $69,083,000. Raymond James Financial Inc. bought a new stake in AES during the fourth quarter valued at about $33,964,000. Two Sigma Advisers LP grew its position in shares of AES by 30.3% in the third quarter. Two Sigma Advisers LP now owns 3,838,500 shares of the utilities provider's stock valued at $77,000,000 after purchasing an additional 892,500 shares during the last quarter. Finally, Bridgewater Associates LP bought a new position in shares of AES in the third quarter worth about $17,390,000. 93.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. HSBC started coverage on AES in a report on Friday, December 13th. They issued a "buy" rating and a $17.00 target price on the stock. Seaport Res Ptn lowered shares of AES from a "hold" rating to a "strong sell" rating in a research report on Monday, March 3rd. Mizuho reduced their price target 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. Bank of America upgraded shares of AES from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $11.00 to $13.00 in a research report on Tuesday, March 4th. Finally, Barclays decreased 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, AES currently has an average rating of "Moderate Buy" and a consensus target price of $16.63.

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AES Trading Down 0.1 %

AES stock traded down $0.02 during midday trading on Friday, reaching $12.42. The stock had a trading volume of 11,081,428 shares, compared to its average volume of 10,994,778. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The AES Co. has a twelve month low of $9.88 and a twelve month high of $22.21. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 0.82 and a beta of 0.94. The business has a fifty day simple moving average of $11.35 and a two-hundred day simple moving average of $13.83.

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 analysts' consensus estimates of $0.34 by $0.20. AES had a return on equity of 27.30% and a net margin of 8.34%. The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. As a group, research 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. Shareholders of record on Thursday, May 1st will be paid a $0.176 dividend. This represents a $0.70 annualized dividend and a yield of 5.67%. The ex-dividend date of this dividend is Thursday, May 1st. AES's payout ratio is presently 29.54%.

AES 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.