78,400 Shares in The AES Co. (NYSE:AES) Acquired by Mork Capital Management LLC

Mork Capital Management LLC purchased a new stake in shares of The AES Co. (NYSE:AES - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 78,400 shares of the utilities provider's stock, valued at approximately $1,009,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AES. SRS Capital Advisors Inc. increased its stake in AES by 190.3% during 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. Optiver Holding B.V. grew its stake in shares of AES by 79.5% in the 4th quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 1,201 shares during the period. WR Wealth Planners LLC grew 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 valued at $37,000 after purchasing an additional 1,369 shares during the period. Covestor Ltd grew its stake in shares of AES by 601.5% in the 4th quarter. Covestor Ltd now owns 5,745 shares of the utilities provider's stock valued at $74,000 after purchasing an additional 4,926 shares during the period. Finally, AlphaQuest LLC grew its stake in shares of AES by 18,047.1% in 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 during the period. 93.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AES has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target on AES from $16.00 to $14.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Barclays decreased their price target on AES from $17.00 to $12.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Mizuho decreased their price target on AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 4th. Bank of America raised AES from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $11.00 to $13.00 in a report on Tuesday, March 4th. Finally, Susquehanna reduced their price objective on AES from $16.00 to $15.00 and set a "positive" rating on the stock in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.33.

AES Trading Down 1.7%

NYSE AES traded down $0.21 on Friday, reaching $12.19. The company had a trading volume of 13,446,699 shares, compared to its average volume of 11,919,931. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of 8.46, a P/E/G ratio of 0.82 and a beta of 0.94. The AES Co. has a fifty-two week low of $9.57 and a fifty-two week high of $22.21. The business has a 50 day moving average of $11.29 and a two-hundred day moving average of $12.01. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80.

AES (NYSE:AES - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.10). The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.13 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. The business's revenue was down 5.2% compared to the same quarter last year. During the same period last year, the company posted $0.60 EPS. Analysts forecast that The AES Co. will post 1.93 EPS for the current year.

AES Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a $0.176 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $0.70 annualized dividend and a yield of 5.78%. AES's payout ratio is 38.04%.

About AES

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.