RWC Asset Management LLP Makes New $4.76 Million Investment in The AES Co. (NYSE:AES)

RWC Asset Management LLP bought a new position in The AES Co. (NYSE:AES - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 370,023 shares of the utilities provider's stock, valued at approximately $4,762,000. RWC Asset Management LLP owned about 0.05% of AES at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AES. Millburn Ridgefield Corp purchased a new stake in shares of AES in the 3rd quarter valued at $28,000. Brooklyn Investment Group purchased a new stake in AES during the third quarter valued at about $63,000. Blue Trust Inc. grew its stake in shares of AES by 69.3% during the third quarter. Blue Trust Inc. now owns 3,688 shares of the utilities provider's stock valued at $74,000 after buying an additional 1,509 shares during the last quarter. Toth Financial Advisory Corp purchased a new position in shares of AES in the fourth quarter worth about $95,000. Finally, Kestra Investment Management LLC purchased a new stake in AES during the 4th quarter valued at about $95,000. Hedge funds and other institutional investors own 93.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AES. HSBC started coverage on AES in a research note on Friday, December 13th. They issued a "buy" rating and a $17.00 price target on the stock. Bank of America started coverage on shares of AES in a report on Monday, November 25th. They set an "underperform" rating and a $11.00 price target for the company. Mizuho cut their price target on shares of AES from $24.00 to $16.00 and set an "outperform" rating on the stock in a report on Thursday, November 21st. 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 note on Monday, January 27th. Finally, Susquehanna reduced their price target on AES from $24.00 to $21.00 and set a "positive" rating on the stock in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $18.80.

AES Stock Up 1.4 %

AES traded up $0.16 during trading on Tuesday, reaching $10.88. The stock had a trading volume of 12,785,853 shares, compared to its average volume of 14,424,220. The AES Co. has a one year low of $9.88 and a one year high of $22.21. The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of 7.55, a P/E/G ratio of 0.82 and a beta of 0.99. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The stock's 50 day moving average is $11.66 and its two-hundred day moving average is $14.68.

AES Dividend Announcement

The firm also recently disclosed 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 6.47%. The ex-dividend date of this dividend is Thursday, May 1st. AES's payout ratio is currently 48.61%.

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.