Whittier Trust Co. Has $1.33 Million Position in The AES Co. (NYSE:AES)

Whittier Trust Co. trimmed its position in The AES Co. (NYSE:AES - Free Report) by 84.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,293 shares of the utilities provider's stock after selling 542,915 shares during the quarter. Whittier Trust Co.'s holdings in AES were worth $1,329,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. West Tower Group LLC acquired a new position in AES during the fourth quarter valued at approximately $450,000. Intech Investment Management LLC increased its stake in AES by 36.2% during the 4th quarter. Intech Investment Management LLC now owns 369,324 shares of the utilities provider's stock worth $4,753,000 after buying an additional 98,234 shares during the period. Advisors Asset Management Inc. boosted its holdings in AES by 87.6% in the fourth quarter. Advisors Asset Management Inc. now owns 221,857 shares of the utilities provider's stock valued at $2,855,000 after purchasing an additional 103,601 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of AES by 237.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 739,995 shares of the utilities provider's stock worth $9,524,000 after buying an additional 520,725 shares in the last quarter. Finally, Cibc World Markets Corp increased its position in shares of AES by 16.3% in the 4th quarter. Cibc World Markets Corp now owns 112,178 shares of the utilities provider's stock worth $1,444,000 after purchasing an additional 15,698 shares during the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

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AES Trading Down 1.4 %

Shares of NYSE AES traded down $0.18 during mid-day trading on Wednesday, hitting $12.48. 10,499,523 shares of the company traded hands, compared to its average volume of 10,771,541. The business has a 50 day moving average of $11.32 and a two-hundred day moving average of $13.90. 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 stock has a market capitalization of $8.88 billion, a price-to-earnings ratio of 8.67, 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.

AES (NYSE:AES - Get Free Report) last released 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. The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.07 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. During the same quarter in the prior year, the company earned $0.73 earnings per share. On average, sell-side 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. Investors of record on Thursday, May 1st will be given a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date of this dividend is Thursday, May 1st. AES's payout ratio is presently 29.54%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Susquehanna reduced their price objective on AES from $16.00 to $15.00 and set a "positive" rating on the stock in a research note on Wednesday, March 5th. Mizuho dropped their price objective on shares of AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a report on Tuesday, March 4th. HSBC began coverage on AES in a research report on Friday, December 13th. They set a "buy" rating and a $17.00 price target for the company. Barclays cut their price objective on shares of AES from $17.00 to $12.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Finally, Seaport Res Ptn downgraded shares of AES from a "hold" rating to a "strong sell" rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $17.56.

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.