Retirement Solution LLC Purchases Shares of 107,404 The AES Co. (NYSE:AES)

Retirement Solution LLC bought a new position in shares of The AES Co. (NYSE:AES - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 107,404 shares of the utilities provider's stock, valued at approximately $1,382,000. AES accounts for about 0.4% of Retirement Solution LLC's portfolio, making the stock its 18th biggest holding.

Other large investors have also recently bought and sold shares of the company. AlphaQuest LLC grew its holdings in shares of AES by 18,047.1% during the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider's stock worth $79,000 after purchasing an additional 6,136 shares in the last quarter. Andra AP fonden acquired a new stake in AES during the fourth quarter worth $2,763,000. Lindbrook Capital LLC increased its holdings in AES by 21.4% in the 4th quarter. Lindbrook Capital LLC now owns 17,208 shares of the utilities provider's stock valued at $221,000 after buying an additional 3,034 shares during the period. One Capital Management LLC raised its stake in shares of AES by 373.4% in the 4th quarter. One Capital Management LLC now owns 49,825 shares of the utilities provider's stock valued at $641,000 after buying an additional 39,300 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of AES during the 4th quarter worth about $33,964,000. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Trading Up 1.9 %

Shares of AES stock traded up $0.23 during trading hours on Tuesday, reaching $12.01. The company had a trading volume of 16,184,918 shares, compared to its average volume of 16,206,964. 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. The firm has a market cap of $8.54 billion, a price-to-earnings ratio of 8.34, a P/E/G ratio of 0.82 and a beta of 0.94. The company has a 50 day moving average of $11.32 and a 200 day moving average of $14.29.

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

AES Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors 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 dividend yield of 5.86%. The ex-dividend date is Thursday, May 1st. AES's dividend payout ratio is currently 29.54%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Susquehanna decreased their price target on AES from $16.00 to $15.00 and set a "positive" rating on the stock in a research report on Wednesday, March 5th. Seaport Res Ptn lowered AES from a "hold" rating to a "strong sell" rating in a research note on Monday, March 3rd. Hsbc Global Res upgraded shares of AES to a "strong-buy" rating in a research report on Friday, December 13th. Barclays lowered 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. Finally, Bank of America upgraded shares of AES from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $11.00 to $13.00 in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average 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.