The AES Co. (NYSE:AES) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its holdings in The AES Co. (NYSE:AES - Free Report) by 85.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 770,607 shares of the utilities provider's stock after selling 4,499,534 shares during the period. Pictet Asset Management Holding SA owned approximately 0.11% of AES worth $9,918,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rockland Trust Co. boosted its stake in AES by 7.4% during the fourth quarter. Rockland Trust Co. now owns 16,010 shares of the utilities provider's stock worth $206,000 after buying an additional 1,110 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of AES by 3.5% in the third quarter. Sanctuary Advisors LLC now owns 34,067 shares of the utilities provider's stock valued at $683,000 after purchasing an additional 1,141 shares during the period. WR Wealth Planners LLC increased its position in AES by 93.3% during the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock worth $37,000 after purchasing an additional 1,369 shares during the last quarter. Millburn Ridgefield Corp purchased a new position in AES during the third quarter worth about $28,000. Finally, Signature Estate & Investment Advisors LLC increased its holdings in shares of AES by 11.4% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 14,082 shares of the utilities provider's stock worth $181,000 after buying an additional 1,436 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

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AES Stock Down 9.5 %

Shares of AES traded down $1.14 during mid-day trading on Friday, hitting $10.77. 19,554,240 shares of the company's stock were exchanged, compared to its average volume of 11,091,813. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 7.48, a P/E/G ratio of 0.82 and a beta of 0.81. The stock's 50-day moving average is $11.39 and its 200-day moving average is $13.64. The AES Co. has a fifty-two week low of $9.88 and a fifty-two week high of $22.21.

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

AES Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders 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 yield of 6.54%. The ex-dividend date of this dividend is Thursday, May 1st. AES's dividend payout ratio is currently 29.54%.

Wall Street Analysts Forecast Growth

AES has been the topic of a number of recent analyst reports. Hsbc Global Res upgraded AES to a "strong-buy" rating in a report on Friday, December 13th. HSBC started coverage on AES in a report on Friday, December 13th. They set a "buy" rating and a $17.00 price target for the company. Mizuho decreased their target price on shares of AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 4th. Susquehanna dropped their price target on shares of AES from $16.00 to $15.00 and set a "positive" rating for the company in a research report on Wednesday, March 5th. Finally, Bank of America upgraded shares of AES from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $11.00 to $13.00 in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, AES currently has a consensus rating of "Moderate Buy" and an average target price of $16.29.

AES Company 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.