TCW Group Inc. Sells 156,661 Shares of The AES Co. (NYSE:AES)

TCW Group Inc. decreased its holdings in shares of The AES Co. (NYSE:AES - Free Report) by 5.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,483,033 shares of the utilities provider's stock after selling 156,661 shares during the quarter. TCW Group Inc. owned approximately 0.35% of AES worth $49,810,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Neo Ivy Capital Management bought a new stake in shares of AES during the 3rd quarter worth about $204,000. Gould Capital LLC bought a new stake in shares of AES during the third quarter worth approximately $3,402,000. Geode Capital Management LLC increased its stake in shares of AES by 1.1% during the third quarter. Geode Capital Management LLC now owns 16,513,917 shares of the utilities provider's stock worth $330,125,000 after purchasing an additional 181,975 shares during the period. Duff & Phelps Investment Management Co. lifted its holdings in AES by 9.3% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 37,211 shares of the utilities provider's stock worth $746,000 after purchasing an additional 3,151 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in AES by 10.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 220,964 shares of the utilities provider's stock valued at $4,433,000 after purchasing an additional 20,545 shares during the period. 93.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AES. Barclays lifted their target price on AES from $22.00 to $23.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Bank of America started coverage on shares of AES in a research note on Monday, November 25th. They issued an "underperform" rating and a $11.00 price objective for the company. Jefferies Financial Group began coverage on shares of AES in a report on Wednesday, September 11th. They set a "buy" rating and a $20.00 target price on the stock. Susquehanna cut their price target on AES from $24.00 to $21.00 and set a "positive" rating for the company in a research note on Tuesday, November 5th. Finally, Mizuho reduced their target price on AES from $24.00 to $16.00 and set an "outperform" rating on the stock in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $20.22.

AES Trading Down 0.3 %

AES stock traded down $0.04 during trading hours on Wednesday, hitting $13.60. The stock had a trading volume of 14,140,276 shares, compared to its average volume of 9,234,352. The stock has a market cap of $9.67 billion, a price-to-earnings ratio of 9.48, a P/E/G ratio of 0.68 and a beta of 1.02. The business's 50 day simple moving average is $15.34 and its 200-day simple moving average is $17.25. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The AES Co. has a one year low of $12.53 and a one year high of $22.21.

AES (NYSE:AES - Get Free Report) last posted 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 analyst estimates of $3.46 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. The firm's quarterly revenue was down 4.2% on a year-over-year basis. On average, equities analysts predict that The AES Co. will post 1.95 EPS for the current fiscal year.

AES Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.176 per share. This is a boost from AES's previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend is Friday, January 31st. AES's dividend payout ratio (DPR) is currently 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.