Evergreen Capital Management LLC Acquires 799,363 Shares of The AES Co. (NYSE:AES)

Evergreen Capital Management LLC raised its stake in The AES Co. (NYSE:AES - Free Report) by 169.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,271,550 shares of the utilities provider's stock after buying an additional 799,363 shares during the quarter. Evergreen Capital Management LLC owned about 0.18% of AES worth $16,365,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC boosted its position in shares of AES by 3.5% during the third quarter. Sanctuary Advisors LLC now owns 34,067 shares of the utilities provider's stock worth $683,000 after buying an additional 1,141 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in AES during the 3rd quarter worth approximately $139,000. Franklin Resources Inc. grew its stake in shares of AES by 12.8% during the 3rd quarter. Franklin Resources Inc. now owns 2,930,901 shares of the utilities provider's stock worth $58,794,000 after acquiring an additional 333,154 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of AES by 3.5% in the third quarter. Principal Financial Group Inc. now owns 830,873 shares of the utilities provider's stock valued at $16,667,000 after purchasing an additional 28,043 shares during the last quarter. Finally, Douglas Lane & Associates LLC grew its position in AES by 0.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 3,541,203 shares of the utilities provider's stock valued at $45,575,000 after purchasing an additional 32,122 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company's stock.

AES Stock Performance

AES traded up $0.21 during trading on Friday, hitting $10.17. The stock had a trading volume of 10,475,732 shares, compared to its average volume of 11,348,657. The AES Co. has a one year low of $9.86 and a one year high of $22.21. 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 has a market cap of $7.24 billion, a price-to-earnings ratio of 7.06, a P/E/G ratio of 0.82 and a beta of 0.81. The company has a 50 day moving average price of $11.30 and a 200-day moving average price of $12.93.

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 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 for the quarter, compared to analyst estimates of $3.07 billion. During the same period last year, the firm earned $0.73 earnings per share. As a group, research analysts predict that The AES Co. will post 1.93 EPS for the current year.

AES Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 6.92%. The ex-dividend date is Thursday, May 1st. AES's payout ratio is currently 29.54%.

Analyst Ratings Changes

Several research firms recently issued reports on AES. 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 report on Thursday, April 10th. Seaport Res Ptn cut AES from a "hold" rating to a "strong sell" rating in a report on Monday, March 3rd. Mizuho dropped their price objective on AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 4th. Barclays reduced their target price on AES from $17.00 to $12.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Finally, Bank of America raised AES from an "underperform" rating to a "neutral" rating and raised their price target for the company from $11.00 to $13.00 in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $13.67.

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.