35,000 Shares in The AES Co. (NYSE:AES) Acquired by West Tower Group LLC

West Tower Group LLC bought a new stake in The AES Co. (NYSE:AES - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 35,000 shares of the utilities provider's stock, valued at approximately $450,000. AES accounts for approximately 1.0% of West Tower Group LLC's investment portfolio, making the stock its 29th largest holding.

Several other large investors have also modified their holdings of AES. Millburn Ridgefield Corp purchased a new position in shares of AES during the 3rd quarter worth approximately $28,000. SRS Capital Advisors Inc. raised its position in AES by 190.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock worth $31,000 after acquiring an additional 1,581 shares in the last quarter. WR Wealth Planners LLC lifted its holdings in AES by 93.3% in the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 1,369 shares during the period. Brooklyn Investment Group purchased a new stake in shares of AES during the 3rd quarter worth $63,000. Finally, AlphaQuest LLC grew its stake 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 worth $79,000 after purchasing an additional 6,136 shares during the period. Hedge funds and other institutional investors own 93.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AES. Mizuho lowered their target price on shares of AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 4th. Barclays dropped their price objective on AES from $17.00 to $12.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Hsbc Global Res upgraded AES to a "strong-buy" rating in a research report on Friday, December 13th. HSBC assumed coverage on AES in a research report on Friday, December 13th. They issued a "buy" rating and a $17.00 price target for the company. Finally, Bank of America raised shares of AES from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $11.00 to $13.00 in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, AES currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.30.

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AES Trading Down 0.7 %

Shares of AES traded down $0.10 on Friday, hitting $13.07. 23,653,347 shares of the stock traded hands, compared to its average volume of 10,777,017. The firm has a market capitalization of $9.30 billion, a P/E ratio of 9.07, a P/E/G ratio of 0.82 and a beta of 0.94. 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 1 year low of $9.88 and a 1 year high of $22.21. The stock's 50 day moving average is $11.28 and its two-hundred day moving average is $13.97.

AES (NYSE:AES - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $3.07 billion. During the same quarter last year, the firm earned $0.73 earnings per share. 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 business also recently declared 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 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend is Thursday, May 1st. AES's dividend payout ratio (DPR) is 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.