Adage Capital Partners GP L.L.C. Has $28.18 Million Holdings in The AES Co. (NYSE:AES)

Adage Capital Partners GP L.L.C. raised its stake in The AES Co. (NYSE:AES - Free Report) by 19.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,189,312 shares of the utilities provider's stock after purchasing an additional 360,894 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.31% of AES worth $28,176,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. SRS Capital Advisors Inc. lifted its stake in shares of AES by 190.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock worth $31,000 after purchasing an additional 1,581 shares in the last quarter. WR Wealth Planners LLC raised its holdings 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 valued at $37,000 after buying an additional 1,369 shares during the period. Covestor Ltd lifted its position in AES by 601.5% during the 4th quarter. Covestor Ltd now owns 5,745 shares of the utilities provider's stock worth $74,000 after acquiring an additional 4,926 shares in the last quarter. AlphaQuest LLC boosted its holdings in AES by 18,047.1% in the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider's stock worth $79,000 after acquiring an additional 6,136 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in AES by 95.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,295 shares of the utilities provider's stock valued at $81,000 after acquiring an additional 3,080 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Stock Performance

Shares of NYSE:AES traded down $0.43 during trading hours on Wednesday, hitting $9.94. The stock had a trading volume of 12,827,451 shares, compared to its average volume of 11,544,537. The AES Co. has a 1-year low of $9.57 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 firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 6.90, a PEG ratio of 0.82 and a beta of 0.81. The stock's fifty day simple moving average is $11.28 and its 200 day simple moving average is $12.49.

AES (NYSE:AES - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.20. The company 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 previous year, the firm earned $0.73 EPS. Sell-side analysts anticipate that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.176 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.70 annualized dividend and a dividend yield of 7.08%. AES's dividend payout ratio (DPR) is 29.54%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AES. Barclays decreased their target price on shares of AES from $17.00 to $12.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Seaport Res Ptn cut shares of AES from a "hold" rating to a "strong sell" rating in a report on Monday, March 3rd. Bank of America raised shares of AES from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $11.00 to $13.00 in a research report on Tuesday, March 4th. Susquehanna reduced their price target on shares of AES from $16.00 to $15.00 and set a "positive" rating on the stock in a research report on Wednesday, March 5th. Finally, Mizuho decreased their target price on AES from $16.00 to $15.00 and set an "outperform" rating for the company in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, AES has an average rating of "Moderate Buy" and a consensus price target of $13.71.

AES 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.