SCP Investment LP Has $1.80 Million Stock Position in The AES Co. (NYSE:AES)

SCP Investment LP increased its stake in shares of The AES Co. (NYSE:AES - Free Report) by 384.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,600 shares of the utilities provider's stock after purchasing an additional 110,800 shares during the period. AES makes up approximately 1.4% of SCP Investment LP's investment portfolio, making the stock its 11th largest holding. SCP Investment LP's holdings in AES were worth $1,797,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of AES by 18.2% in the 3rd quarter. State Street Corp now owns 38,651,752 shares of the utilities provider's stock valued at $775,354,000 after buying an additional 5,960,546 shares during the period. Sound Shore Management Inc. CT bought a new stake in shares of AES during the fourth quarter worth $69,083,000. Raymond James Financial Inc. bought a new stake in AES in the 4th quarter valued at $33,964,000. Two Sigma Advisers LP boosted its stake in AES by 30.3% in the 3rd quarter. Two Sigma Advisers LP now owns 3,838,500 shares of the utilities provider's stock worth $77,000,000 after purchasing an additional 892,500 shares during the period. Finally, HighTower Advisors LLC increased its holdings in AES by 53.0% during the 3rd quarter. HighTower Advisors LLC now owns 1,596,850 shares of the utilities provider's stock worth $32,031,000 after purchasing an additional 553,311 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AES. Barclays reduced their price objective on AES from $17.00 to $12.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. Susquehanna lowered their price objective on shares of AES from $16.00 to $15.00 and set a "positive" rating on the stock in a report on Wednesday, March 5th. HSBC began coverage on shares of AES in a research report on Friday, December 13th. They issued a "buy" rating and a $17.00 target price for the company. Bank of America raised shares of AES from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $11.00 to $13.00 in a research report on Tuesday, March 4th. Finally, Seaport Res Ptn downgraded AES from a "hold" rating to a "strong sell" rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $16.63.

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AES Stock Performance

Shares of AES traded down $0.06 during mid-day trading on Tuesday, reaching $12.36. The company's stock had a trading volume of 7,997,624 shares, compared to its average volume of 10,982,366. 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 has a market cap of $8.80 billion, a P/E ratio of 8.59, a PEG ratio of 0.82 and a beta of 0.94. The AES Co. has a 1-year low of $9.88 and a 1-year high of $22.21. The business has a 50-day simple moving average of $11.38 and a two-hundred day simple moving average of $13.72.

AES (NYSE:AES - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.20. The firm had revenue of $2.96 billion during the quarter, compared to analysts' expectations of $3.07 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. During the same period in the previous year, the business posted $0.73 earnings per share. As a group, equities research 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 is Thursday, May 1st. This represents a $0.70 annualized dividend and a yield of 5.69%. AES's dividend payout ratio (DPR) is presently 29.54%.

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.