National Bank of Canada FI trimmed its position in The AES Co. (NYSE:AES - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 459,682 shares of the utilities provider's stock after selling 38,626 shares during the period. National Bank of Canada FI owned about 0.06% of AES worth $5,916,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Rockland Trust Co. increased its stake in AES by 7.4% in the fourth quarter. Rockland Trust Co. now owns 16,010 shares of the utilities provider's stock valued at $206,000 after purchasing an additional 1,110 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in AES by 3.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 34,067 shares of the utilities provider's stock valued at $683,000 after buying an additional 1,141 shares during the period. WR Wealth Planners LLC increased its stake in shares of AES by 93.3% during the 4th quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 1,369 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its position in shares of AES by 11.4% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 14,082 shares of the utilities provider's stock worth $181,000 after acquiring an additional 1,436 shares during the last quarter. Finally, Seed Wealth Management Inc. grew its holdings in AES by 11.4% in the fourth quarter. Seed Wealth Management Inc. now owns 14,665 shares of the utilities provider's stock valued at $189,000 after purchasing an additional 1,500 shares during the period. 93.13% of the stock is owned by institutional investors and hedge funds.
AES Stock Down 0.0 %
NYSE AES traded down $0.01 on Friday, reaching $10.30. The company had a trading volume of 12,485,014 shares, compared to its average volume of 11,271,095. The firm has a market capitalization of $7.33 billion, a PE ratio of 7.15, a P/E/G ratio of 0.82 and a beta of 0.81. The firm has a 50-day moving average of $11.33 and a 200-day moving average of $13.23. The AES Co. has a 1 year low of $9.88 and a 1 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.
AES (NYSE:AES - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.07 billion. During the same period last year, the business earned $0.73 EPS. On average, equities research analysts anticipate that The AES Co. will post 1.93 EPS for the current fiscal year.
AES Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date is Thursday, May 1st. AES's dividend payout ratio is currently 29.54%.
Wall Street Analyst Weigh In
AES has been the topic of a number of research analyst reports. Hsbc Global Res upgraded shares of AES to a "strong-buy" rating in a report on Friday, December 13th. Jefferies Financial Group reiterated a "hold" rating and issued a $10.00 target price (down previously from $15.00) on shares of AES in a report on Thursday. HSBC started coverage on AES in a report on Friday, December 13th. They issued a "buy" rating and a $17.00 price objective on the stock. Bank of America upgraded AES from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $11.00 to $13.00 in a report on Tuesday, March 4th. Finally, Seaport Res Ptn lowered shares of AES from a "hold" rating to a "strong sell" rating in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $13.67.
Check Out Our Latest Report on AES
AES Company Profile
(
Free Report)
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.
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