Huber Capital Management LLC Trims Position in The AES Co. (NYSE:AES)

Huber Capital Management LLC cut its holdings in shares of The AES Co. (NYSE:AES - Free Report) by 33.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,300 shares of the utilities provider's stock after selling 25,252 shares during the period. Huber Capital Management LLC's holdings in AES were worth $660,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AES. State Street Corp boosted its holdings in AES by 18.2% during the third quarter. State Street Corp now owns 38,651,752 shares of the utilities provider's stock worth $775,354,000 after purchasing an additional 5,960,546 shares during the last quarter. Sound Shore Management Inc. CT purchased a new position in shares of AES in the 4th quarter worth approximately $69,083,000. Raymond James Financial Inc. bought a new position in shares of AES in the fourth quarter valued at approximately $33,964,000. Two Sigma Advisers LP increased its position in shares of AES by 30.3% during 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 acquiring an additional 892,500 shares during the last quarter. Finally, Trexquant Investment LP lifted its holdings in AES by 67.7% during the fourth quarter. Trexquant Investment LP now owns 1,416,727 shares of the utilities provider's stock worth $18,233,000 after acquiring an additional 571,947 shares during the period. Institutional investors and hedge funds own 93.13% of the company's stock.

AES Price Performance

AES traded up $0.02 during trading on Tuesday, reaching $10.71. 5,162,158 shares of the company were exchanged, compared to its average volume of 15,201,262. 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 company has a market cap of $7.62 billion, a price-to-earnings ratio of 7.43, a P/E/G ratio of 0.82 and a beta of 0.81. The AES Co. has a 12-month low of $9.88 and a 12-month high of $22.21. The company's 50-day moving average is $11.38 and its two-hundred day moving average is $13.51.

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

AES Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a yield of 6.57%. The ex-dividend date of this dividend is Thursday, May 1st. AES's payout ratio is currently 29.54%.

Analyst Ratings Changes

AES has been the subject of several research analyst reports. Hsbc Global Res raised AES to a "strong-buy" rating in a research report on Friday, December 13th. Susquehanna decreased their price objective on shares of AES from $16.00 to $15.00 and set a "positive" rating for the company in a report on Wednesday, March 5th. Bank of America raised shares of AES from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $11.00 to $13.00 in a research report on Tuesday, March 4th. HSBC initiated coverage on shares of AES in a research report on Friday, December 13th. They set a "buy" rating and a $17.00 target price for the company. Finally, Barclays lowered their price target on shares of AES from $17.00 to $12.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, AES has a consensus rating of "Moderate Buy" and a consensus target price of $16.29.

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.