Trexquant Investment LP lifted its position in shares of The AES Co. (NYSE:AES - Free Report) by 67.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,416,727 shares of the utilities provider's stock after buying an additional 571,947 shares during the quarter. Trexquant Investment LP owned approximately 0.20% of AES worth $18,233,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Rockland Trust Co. boosted its position in shares of AES by 7.4% in the fourth quarter. Rockland Trust Co. now owns 16,010 shares of the utilities provider's stock worth $206,000 after acquiring an additional 1,110 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in AES by 3.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 34,067 shares of the utilities provider's stock valued at $683,000 after purchasing an additional 1,141 shares in the last quarter. WR Wealth Planners LLC increased its position in shares of AES by 93.3% during the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock worth $37,000 after acquiring an additional 1,369 shares during the last quarter. Millburn Ridgefield Corp acquired a new stake in AES in the third quarter valued at $28,000. Finally, Signature Estate & Investment Advisors LLC increased its holdings in AES by 11.4% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 14,082 shares of the utilities provider's stock valued at $181,000 after buying an additional 1,436 shares during the last quarter. 93.13% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on AES shares. Susquehanna lowered their price target on AES from $16.00 to $15.00 and set a "positive" rating for the company in a report on Wednesday, March 5th. Barclays cut their target price on shares of AES from $17.00 to $12.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Bank of America raised AES from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $11.00 to $13.00 in a research report on Tuesday, March 4th. HSBC initiated coverage on AES in a research note on Friday, December 13th. They set a "buy" rating and a $17.00 target price on the stock. Finally, Seaport Res Ptn cut AES from a "hold" rating to a "strong sell" rating in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $16.29.
View Our Latest Analysis on AES
AES Price Performance
Shares of AES traded down $1.14 during trading hours on Friday, hitting $10.77. 19,554,240 shares of the company were exchanged, compared to its average volume of 11,085,388. The firm has a fifty day simple moving average of $11.41 and a 200-day simple moving average of $13.70. The company has a market capitalization of $7.66 billion, a PE ratio of 7.48, a PEG ratio of 0.82 and a beta of 0.81. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The AES Co. has a one year low of $9.88 and a one year high of $22.21.
AES (NYSE:AES - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.20. AES had a return on equity of 27.30% and a net margin of 8.34%. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the company posted $0.73 EPS. As a group, sell-side analysts predict that The AES Co. will post 1.93 earnings per share for the current year.
AES Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date is Thursday, May 1st. AES's dividend payout ratio is 29.54%.
About AES
(
Free Report)
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.
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