31,223 Shares in The AES Co. (NYSE:AES) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in The AES Co. (NYSE:AES - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 31,223 shares of the utilities provider's stock, valued at approximately $402,000.

A number of other hedge funds have also recently modified their holdings of the stock. State Street Corp boosted its position 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 in the last quarter. Geode Capital Management LLC raised its holdings in AES by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 16,513,917 shares of the utilities provider's stock valued at $330,125,000 after acquiring an additional 181,975 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of AES by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,694,239 shares of the utilities provider's stock valued at $134,286,000 after purchasing an additional 82,956 shares during the last quarter. Bank of New York Mellon Corp raised its stake in AES by 5.5% during the fourth quarter. Bank of New York Mellon Corp now owns 4,756,831 shares of the utilities provider's stock worth $61,220,000 after purchasing an additional 249,486 shares during the period. Finally, Empower Advisory Group LLC increased its holdings in shares of AES by 12.5% during the 4th quarter. Empower Advisory Group LLC now owns 3,961,827 shares of the utilities provider's stock worth $50,989,000 after buying an additional 439,493 shares during the last quarter. Hedge funds and other institutional investors own 93.13% of the company's stock.

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AES Stock Performance

NYSE:AES traded up $0.23 during mid-day trading on Tuesday, reaching $12.01. 16,315,536 shares of the stock were exchanged, compared to its average volume of 16,216,711. 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 AES Co. has a 1 year low of $9.88 and a 1 year high of $22.21. The company has a 50 day simple moving average of $11.29 and a 200-day simple moving average of $14.21. The stock has a market capitalization of $8.54 billion, a P/E ratio of 8.34, a P/E/G ratio of 0.82 and a beta of 0.94.

AES (NYSE:AES - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 EPS 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 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 prior year, the firm earned $0.73 EPS. 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 disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given 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 yield of 5.86%. AES's payout ratio is 29.54%.

Wall Street Analyst Weigh In

A number of research firms have commented on AES. Seaport Res Ptn downgraded AES from a "hold" rating to a "strong sell" rating in a research report on Monday, March 3rd. Susquehanna dropped their target price on AES from $16.00 to $15.00 and set a "positive" rating for the company in a research report on Wednesday, March 5th. Bank of America raised shares of AES from an "underperform" rating to a "neutral" rating and raised their target price for the company from $11.00 to $13.00 in a report on Tuesday, March 4th. Mizuho lowered their price target 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. Finally, Barclays decreased their price objective on shares of AES from $17.00 to $12.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.