Whittier Trust Co. of Nevada Inc. Decreases Stock Holdings in The AES Co. (NYSE:AES)

Whittier Trust Co. of Nevada Inc. cut its position in The AES Co. (NYSE:AES - Free Report) by 75.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,414 shares of the utilities provider's stock after selling 212,256 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in AES were worth $868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Empowered Funds LLC lifted its stake in AES by 8.0% in the 3rd quarter. Empowered Funds LLC now owns 11,179 shares of the utilities provider's stock worth $224,000 after purchasing an additional 830 shares in the last quarter. Rockland Trust Co. boosted its stake in AES by 7.4% during the fourth quarter. Rockland Trust Co. now owns 16,010 shares of the utilities provider's stock worth $206,000 after buying an additional 1,110 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in AES by 3.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 34,067 shares of the utilities provider's stock valued at $683,000 after buying an additional 1,141 shares in the last quarter. WR Wealth Planners LLC increased its stake in shares of AES by 93.3% in the 4th 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. Finally, Millburn Ridgefield Corp purchased a new position in shares of AES during the 3rd quarter worth $28,000. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Bank of America upgraded shares of AES from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $11.00 to $13.00 in a research report on Tuesday, March 4th. Mizuho reduced their price target 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. Seaport Res Ptn lowered AES from a "hold" rating to a "strong sell" rating in a research report on Monday, March 3rd. Susquehanna reduced 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. Finally, Hsbc Global Res raised AES to a "strong-buy" rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, AES presently has an average rating of "Moderate Buy" and a consensus price target of $16.63.

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AES Trading Down 0.4 %

NYSE AES traded down $0.04 during trading on Thursday, hitting $12.45. The stock had a trading volume of 6,917,018 shares, compared to its average volume of 10,741,805. The company has a market capitalization of $8.86 billion, a PE ratio of 8.64, a PEG ratio of 0.82 and a beta of 0.94. The AES Co. has a twelve month low of $9.88 and a twelve month high of $22.21. 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 firm has a 50 day moving average price of $11.33 and a 200 day moving average price of $13.89.

AES (NYSE:AES - Get Free Report) last announced its earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.20. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.07 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. During the same period in the prior year, the firm earned $0.73 EPS. As a group, equities research analysts forecast 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. Shareholders of record on Thursday, May 1st will be given a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date of this dividend 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.