The AES Co. (NYSE:AES) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its holdings in The AES Co. (NYSE:AES - Free Report) by 33.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 512,723 shares of the utilities provider's stock after purchasing an additional 127,850 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.07% of AES worth $10,284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AES. Zurich Insurance Group Ltd FI purchased a new stake in AES in the second quarter worth $30,746,000. Assenagon Asset Management S.A. grew its position in shares of AES by 169.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,143,688 shares of the utilities provider's stock worth $43,002,000 after buying an additional 1,348,195 shares in the last quarter. Bridgewater Associates LP bought a new position in shares of AES during the 3rd quarter worth $17,390,000. Hsbc Holdings PLC grew its position in shares of AES by 41.1% during the 2nd quarter. Hsbc Holdings PLC now owns 2,898,119 shares of the utilities provider's stock worth $51,293,000 after buying an additional 844,888 shares in the last quarter. Finally, TCW Group Inc. grew its position in shares of AES by 45.8% during the 2nd quarter. TCW Group Inc. now owns 2,639,694 shares of the utilities provider's stock worth $46,379,000 after buying an additional 828,840 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AES has been the subject of a number of research analyst reports. Jefferies Financial Group initiated coverage on AES in a research note on Wednesday, September 11th. They issued a "buy" rating and a $20.00 price target for the company. Bank of America initiated coverage on AES in a research note on Monday, November 25th. They issued an "underperform" rating and a $11.00 price target for the company. Barclays increased their price target on AES from $22.00 to $23.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Mizuho reduced their price objective on AES from $24.00 to $16.00 and set an "outperform" rating for the company in a research note on Thursday, November 21st. Finally, Evercore ISI upgraded AES to a "strong-buy" rating in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $20.22.

AES Price Performance

AES stock traded up $0.38 during mid-day trading on Wednesday, hitting $13.43. 24,631,497 shares of the company were exchanged, compared to its average volume of 9,140,961. The company has a market capitalization of $9.55 billion, a P/E ratio of 9.35, a PEG ratio of 0.68 and a beta of 1.01. 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 AES Co. has a 12-month low of $12.53 and a 12-month high of $22.21. The business's 50 day simple moving average is $15.99 and its two-hundred day simple moving average is $17.52.

AES (NYSE:AES - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.11. AES had a return on equity of 27.30% and a net margin of 8.34%. The company had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $3.46 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The firm's quarterly revenue was down 4.2% on a year-over-year basis. Analysts forecast that The AES Co. will post 1.95 earnings per share for the current fiscal year.

AES Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend was Friday, November 1st. AES's dividend payout ratio (DPR) is presently 47.92%.

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.