The AES Co. (NYSE:AES) Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its stake in shares of The AES Co. (NYSE:AES - Free Report) by 229.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,416 shares of the utilities provider's stock after acquiring an additional 59,513 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in AES were worth $1,713,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AES. Rothschild Investment LLC purchased a new stake in shares of AES in the 2nd quarter valued at about $28,000. Millburn Ridgefield Corp acquired a new position in shares of AES in the 3rd quarter valued at $28,000. UMB Bank n.a. raised its position in AES by 102.3% in the 2nd quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 898 shares during the last quarter. nVerses Capital LLC acquired a new stake in AES during the 2nd quarter worth $33,000. Finally, Cromwell Holdings LLC increased its stake in AES by 59.1% in the third quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 640 shares during the period. Institutional investors and hedge funds own 93.13% of the company's stock.

AES Price Performance

Shares of AES traded down $0.04 on Wednesday, reaching $13.60. The stock had a trading volume of 14,140,276 shares, compared to its average volume of 9,234,352. The firm has a 50-day moving average of $15.21 and a 200 day moving average of $17.23. 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 firm has a market capitalization of $9.67 billion, a PE ratio of 9.44, a PEG ratio of 0.68 and a beta of 1.02. The AES Co. has a twelve month low of $12.53 and a twelve month high of $22.21.

AES (NYSE:AES - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.11. AES had a return on equity of 27.30% and a net margin of 8.34%. The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the previous year, the company posted $0.60 EPS. The business's revenue was down 4.2% on a year-over-year basis. Sell-side analysts expect that The AES Co. will post 1.95 EPS for the current year.

AES Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.176 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.70 dividend on an annualized basis and a yield of 5.18%. This is a positive change from AES's previous quarterly dividend of $0.17. AES's dividend payout ratio is presently 47.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AES shares. Barclays raised their price target 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 AES in a report on Monday, November 25th. They issued an "underperform" rating and a $11.00 target price on the stock. Susquehanna cut their price objective on shares of AES from $24.00 to $21.00 and set a "positive" rating for the company in a research report on Tuesday, November 5th. Evercore ISI raised shares of AES to a "strong-buy" rating in a report on Wednesday, September 18th. Finally, Mizuho reduced their price objective on shares of AES from $24.00 to $16.00 and set an "outperform" rating for the company in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AES presently has a consensus rating of "Moderate Buy" and an average target price of $20.22.

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.