First Financial Bankshares Inc Has $1.98 Million Stock Position in The AES Co. (NYSE:AES)

First Financial Bankshares Inc decreased its stake in The AES Co. (NYSE:AES - Free Report) by 16.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 153,715 shares of the utilities provider's stock after selling 30,578 shares during the quarter. First Financial Bankshares Inc's holdings in AES were worth $1,978,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Millburn Ridgefield Corp acquired a new position in AES in the third quarter valued at about $28,000. SRS Capital Advisors Inc. lifted its stake in AES by 190.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock valued at $31,000 after buying an additional 1,581 shares during the period. WR Wealth Planners LLC lifted its stake in AES by 93.3% in the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock valued at $37,000 after buying an additional 1,369 shares during the period. Brooklyn Investment Group acquired a new position in AES in the third quarter valued at about $63,000. Finally, AlphaQuest LLC lifted its stake in 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 buying an additional 6,136 shares during the period. Institutional investors and hedge funds own 93.13% of the company's stock.

AES Price Performance

NYSE AES traded down $0.10 during midday trading on Friday, hitting $13.07. The company had a trading volume of 23,653,347 shares, compared to its average volume of 10,777,017. The company has a market capitalization of $9.30 billion, a PE ratio of 9.07, a P/E/G ratio of 0.82 and a beta of 0.94. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The firm has a 50-day moving average price of $11.28 and a 200-day moving average price of $13.95. The AES Co. has a twelve month low of $9.88 and a twelve month high of $22.21.

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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 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.20. The firm had revenue of $2.96 billion during the quarter, compared to analysts' expectations of $3.07 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. During the same period in the previous year, the firm earned $0.73 EPS. As a group, analysts anticipate that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.176 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.39%. AES's dividend payout ratio (DPR) is currently 29.54%.

Analysts Set New Price Targets

A number of research firms have recently commented on AES. Bank of America raised 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. Mizuho dropped their price target on AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 4th. Barclays dropped their price target on AES from $17.00 to $12.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Seaport Res Ptn lowered AES from a "hold" rating to a "strong sell" rating in a research report on Monday, March 3rd. Finally, HSBC assumed coverage on AES in a research report on Friday, December 13th. They set a "buy" rating and a $17.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.30.

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.