UniSuper Management Pty Ltd Increases Stock Holdings in The AES Co. (NYSE:AES)

UniSuper Management Pty Ltd increased its holdings in shares of The AES Co. (NYSE:AES - Free Report) by 51.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,902 shares of the utilities provider's stock after purchasing an additional 47,517 shares during the period. UniSuper Management Pty Ltd's holdings in AES were worth $1,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Millburn Ridgefield Corp acquired a new position in shares of AES in the 3rd quarter valued at about $28,000. SRS Capital Advisors Inc. lifted its holdings in AES by 190.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 1,581 shares during the period. WR Wealth Planners LLC grew its stake in shares of AES by 93.3% during the 4th quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock worth $37,000 after purchasing an additional 1,369 shares during the period. AlphaQuest LLC increased its holdings in shares of AES by 18,047.1% during the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider's stock valued at $79,000 after purchasing an additional 6,136 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake 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 valued at $81,000 after purchasing an additional 3,080 shares during the period. 93.13% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of research analysts have weighed in on AES shares. Barclays cut their price objective on shares of AES from $17.00 to $12.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Bank of America upgraded AES from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $11.00 to $13.00 in a research note on Tuesday, March 4th. Seaport Res Ptn downgraded AES from a "hold" rating to a "strong sell" rating in a research report on Monday, March 3rd. Hsbc Global Res upgraded AES to a "strong-buy" rating in a research report on Friday, December 13th. Finally, Susquehanna decreased their target price on AES from $16.00 to $15.00 and set a "positive" rating on the stock in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, AES currently has an average rating of "Moderate Buy" and a consensus target price of $16.29.

AES Price Performance

Shares of NYSE:AES traded down $1.14 during trading on Friday, reaching $10.77. The stock had a trading volume of 19,554,240 shares, compared to its average volume of 11,091,813. The business has a fifty day moving average price of $11.39 and a 200-day moving average price of $13.64. The AES Co. has a 1-year low of $9.88 and a 1-year high of $22.21. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The stock has a market cap of $7.66 billion, a PE ratio of 7.48, a PEG ratio of 0.82 and a beta of 0.81.

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, topping analysts' consensus estimates of $0.34 by $0.20. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.07 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. During the same quarter in the prior year, the firm earned $0.73 earnings per share. On average, equities analysts forecast that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a dividend yield of 6.54%. The ex-dividend date is Thursday, May 1st. AES's dividend payout ratio is currently 29.54%.

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.