Sei Investments Co. Acquires 252,744 Shares of The AES Co. (NYSE:AES)

Sei Investments Co. lifted its holdings in The AES Co. (NYSE:AES - Free Report) by 350.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 324,906 shares of the utilities provider's stock after purchasing an additional 252,744 shares during the quarter. Sei Investments Co.'s holdings in AES were worth $4,181,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AES. American Century Companies Inc. raised its stake in shares of AES by 16.0% in the 4th quarter. American Century Companies Inc. now owns 1,784,619 shares of the utilities provider's stock worth $22,968,000 after buying an additional 246,046 shares in the last quarter. Virtu Financial LLC acquired a new stake in AES in the 4th quarter valued at about $473,000. Quantbot Technologies LP boosted its position in shares of AES by 23.2% during the 4th quarter. Quantbot Technologies LP now owns 251,888 shares of the utilities provider's stock valued at $3,242,000 after purchasing an additional 47,507 shares in the last quarter. West Tower Group LLC acquired a new position in shares of AES in the 4th quarter worth approximately $450,000. Finally, Intech Investment Management LLC lifted its stake in AES by 36.2% during the fourth quarter. Intech Investment Management LLC now owns 369,324 shares of the utilities provider's stock valued at $4,753,000 after purchasing an additional 98,234 shares during the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Susquehanna decreased their price objective on AES from $16.00 to $15.00 and set a "positive" rating for the company in a research report on Wednesday, March 5th. Mizuho decreased their price target on AES from $16.00 to $15.00 and set an "outperform" rating for the company in a research note on Tuesday, March 4th. HSBC initiated coverage on shares of AES in a research report on Friday, December 13th. They set a "buy" rating and a $17.00 target price for the company. 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. Finally, Hsbc Global Res raised AES to a "strong-buy" rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.29.

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AES Stock Performance

NYSE:AES traded down $1.14 on Friday, hitting $10.77. The company's stock had a trading volume of 19,554,240 shares, compared to its average volume of 11,091,813. 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 fifty day moving average of $11.39 and a two-hundred day moving average of $13.64. The AES Co. has a one year low of $9.88 and a one year high of $22.21. The firm has a market capitalization of $7.66 billion, a P/E ratio of 7.48, a price-to-earnings-growth ratio of 0.82 and a beta of 0.81.

AES (NYSE:AES - Get Free Report) last announced its earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.20. AES had a net margin of 8.34% and a return on equity of 27.30%. The company had revenue of $2.96 billion during the quarter, compared to analysts' expectations of $3.07 billion. During the same quarter in the previous year, the business posted $0.73 earnings per share. Research analysts predict that The AES Co. will post 1.93 earnings per share for the current year.

AES Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date is Thursday, May 1st. AES's payout ratio is 29.54%.

About AES

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.