One Capital Management LLC Grows Position in The AES Co. (NYSE:AES)

One Capital Management LLC boosted its position in The AES Co. (NYSE:AES - Free Report) by 373.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49,825 shares of the utilities provider's stock after acquiring an additional 39,300 shares during the period. One Capital Management LLC's holdings in AES were worth $641,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AES. Millburn Ridgefield Corp bought a new stake in shares of AES during the third quarter valued at approximately $28,000. SRS Capital Advisors Inc. raised its holdings in AES by 190.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock worth $31,000 after buying an additional 1,581 shares during the last quarter. WR Wealth Planners LLC lifted its stake in shares of AES by 93.3% in the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock worth $37,000 after buying an additional 1,369 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of AES during the third quarter valued at approximately $63,000. Finally, Cape Investment Advisory Inc. raised its holdings in AES by 39.1% in the 4th quarter. Cape Investment Advisory Inc. now owns 6,978 shares of the utilities provider's stock worth $90,000 after acquiring an additional 1,961 shares during the last quarter. 93.13% of the stock is owned by institutional investors.

AES Stock Performance

Shares of NYSE:AES traded up $0.23 during mid-day trading on Tuesday, reaching $12.01. 16,314,811 shares of the company traded hands, compared to its average volume of 16,216,600. The AES Co. has a 52 week low of $9.88 and a 52 week high of $22.21. The firm has a market cap of $8.54 billion, a PE ratio of 8.34, a PEG ratio of 0.82 and a beta of 0.94. The company's 50 day moving average price is $11.32 and its 200-day moving average price is $14.29. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80.

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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 (EPS) for the quarter, topping analysts' consensus estimates 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 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 earnings per share. On average, equities analysts expect that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Announces Dividend

The firm also recently announced 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 5.86%. The ex-dividend date is Thursday, May 1st. AES's dividend payout ratio (DPR) is presently 29.54%.

Analyst Ratings Changes

A number of research firms have commented on AES. Barclays reduced their target price on AES from $17.00 to $12.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Seaport Res Ptn cut shares of AES from a "hold" rating to a "strong sell" rating in a research note on Monday, March 3rd. Mizuho decreased their price objective 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 target price for the stock from $11.00 to $13.00 in a report on Tuesday, March 4th. Finally, Hsbc Global Res raised AES to a "strong-buy" rating in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, AES presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.30.

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.