Stevens Capital Management LP Boosts Holdings in The AES Co. (NYSE:AES)

Stevens Capital Management LP grew its holdings in shares of The AES Co. (NYSE:AES - Free Report) by 154.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,734 shares of the utilities provider's stock after buying an additional 25,348 shares during the period. Stevens Capital Management LP's holdings in AES were worth $537,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AES. LPL Financial LLC boosted its stake in shares of AES by 8.1% during the 4th quarter. LPL Financial LLC now owns 519,975 shares of the utilities provider's stock valued at $6,692,000 after purchasing an additional 38,964 shares in the last quarter. AXQ Capital LP boosted its position in AES by 526.5% during the 4th quarter. AXQ Capital LP now owns 91,867 shares of the utilities provider's stock valued at $1,182,000 after acquiring an additional 77,203 shares in the last quarter. Sei Investments Co. grew its holdings in shares of AES by 350.2% during the 4th quarter. Sei Investments Co. now owns 324,906 shares of the utilities provider's stock worth $4,181,000 after acquiring an additional 252,744 shares during the period. American Century Companies Inc. raised its position 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 acquiring an additional 246,046 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of AES in the 4th quarter valued at approximately $473,000. Institutional investors own 93.13% of the company's stock.

AES Stock Down 0.1 %

AES stock traded down $0.02 during midday trading on Friday, hitting $12.42. The company's stock had a trading volume of 11,081,428 shares, compared to its average volume of 10,994,777. The firm's 50-day moving average is $11.35 and its 200-day moving average is $13.85. 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 AES Co. has a 12 month low of $9.88 and a 12 month high of $22.21. The company has a market cap of $8.84 billion, a PE ratio of 8.62, a P/E/G ratio of 0.82 and a beta of 0.94.

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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, beating the consensus estimate of $0.34 by $0.20. The company had revenue of $2.96 billion for the quarter, compared to analysts' expectations of $3.07 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. During the same period last year, the firm posted $0.73 earnings per share. On average, equities research analysts forecast that The AES Co. will post 1.93 earnings per share for the current fiscal 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. The ex-dividend date is Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.67%. AES's dividend payout ratio (DPR) is currently 29.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AES shares. Barclays decreased their price objective on AES from $17.00 to $12.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Susquehanna lowered their price target on shares of AES from $16.00 to $15.00 and set a "positive" rating for the company in a research report on Wednesday, March 5th. Bank of America upgraded shares of AES from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $11.00 to $13.00 in a report on Tuesday, March 4th. HSBC started coverage on shares of AES in a report on Friday, December 13th. They set a "buy" rating and a $17.00 target price for the company. Finally, Mizuho cut their price target on AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $16.63.

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.