Tortoise Capital Advisors L.L.C. Decreases Position in The AES Co. (NYSE:AES)

Tortoise Capital Advisors L.L.C. lessened its holdings in The AES Co. (NYSE:AES - Free Report) by 34.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 708,155 shares of the utilities provider's stock after selling 371,327 shares during the period. Tortoise Capital Advisors L.L.C. owned approximately 0.10% of AES worth $9,114,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. SRS Capital Advisors Inc. raised its position in shares of AES by 190.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock valued at $31,000 after buying an additional 1,581 shares in the last quarter. WR Wealth Planners LLC lifted its position in AES by 93.3% in the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock worth $37,000 after buying an additional 1,369 shares during the last quarter. Covestor Ltd boosted its stake in AES by 601.5% during the fourth quarter. Covestor Ltd now owns 5,745 shares of the utilities provider's stock worth $74,000 after buying an additional 4,926 shares during the period. AlphaQuest LLC raised its stake in shares of AES by 18,047.1% in the fourth quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider's stock valued at $79,000 after acquiring an additional 6,136 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of AES by 95.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,295 shares of the utilities provider's stock worth $81,000 after acquiring an additional 3,080 shares during the last quarter. Hedge funds and other institutional investors own 93.13% of the company's stock.

AES Stock Up 1.6 %

Shares of AES stock traded up $0.16 on Wednesday, hitting $10.14. The stock had a trading volume of 10,414,273 shares, compared to its average volume of 11,406,892. 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 $9.57 and a one year high of $22.21. The business has a 50 day moving average price of $11.29 and a 200 day moving average price of $12.74. The company has a market cap of $7.22 billion, a PE ratio of 7.04, a P/E/G ratio of 0.82 and a beta of 0.81.

AES (NYSE:AES - Get Free Report) last issued its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.54 EPS for the quarter, topping 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 the consensus estimate of $3.07 billion. During the same quarter in the previous year, the firm posted $0.73 earnings per share. Research analysts anticipate that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.176 dividend. The ex-dividend date is Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a yield of 6.94%. AES's dividend payout ratio is presently 29.54%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Bank of America upgraded shares of AES from an "underperform" rating to a "neutral" rating and upped their price target for the company from $11.00 to $13.00 in a report on Tuesday, March 4th. Jefferies Financial Group reissued a "hold" rating and set a $10.00 price target (down from $15.00) on shares of AES in a research note on Thursday, April 10th. Susquehanna cut their price objective on AES from $16.00 to $15.00 and set a "positive" rating on the stock in a research report on Wednesday, March 5th. Seaport Res Ptn downgraded AES from a "hold" rating to a "strong sell" rating in a research report on Monday, March 3rd. Finally, Mizuho cut their price target 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. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, AES currently has an average rating of "Moderate Buy" and an average price target of $13.67.

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.