Comerica Bank Has $1.98 Million Stock Position in The AES Co. (NYSE:AES)

Comerica Bank cut its holdings in The AES Co. (NYSE:AES - Free Report) by 19.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 153,906 shares of the utilities provider's stock after selling 38,279 shares during the quarter. Comerica Bank's holdings in AES were worth $1,981,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Rockland Trust Co. boosted its holdings in shares of AES by 7.4% during the 4th quarter. Rockland Trust Co. now owns 16,010 shares of the utilities provider's stock valued at $206,000 after acquiring an additional 1,110 shares in the last quarter. Optiver Holding B.V. grew its holdings in shares of AES by 79.5% during the fourth quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock worth $35,000 after purchasing an additional 1,201 shares during the last quarter. WR Wealth Planners LLC increased its stake in shares of 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 buying an additional 1,369 shares during the period. Signature Estate & Investment Advisors LLC boosted its position in AES by 11.4% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 14,082 shares of the utilities provider's stock worth $181,000 after buying an additional 1,436 shares during the period. Finally, Seed Wealth Management Inc. increased its position in AES by 11.4% in the 4th quarter. Seed Wealth Management Inc. now owns 14,665 shares of the utilities provider's stock valued at $189,000 after acquiring an additional 1,500 shares during the period. 93.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AES shares. JPMorgan Chase & Co. reduced their price objective on shares of AES from $16.00 to $14.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Barclays lowered their price objective on AES from $17.00 to $12.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. Seaport Res Ptn cut AES from a "hold" rating to a "strong sell" rating in a report on Monday, March 3rd. Jefferies Financial Group restated a "hold" rating and set a $10.00 price target (down previously from $15.00) on shares of AES in a report on Thursday, April 10th. Finally, Mizuho decreased their price objective on shares of AES from $16.00 to $15.00 and set an "outperform" rating for the company in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.71.

AES Price Performance

AES stock opened at $11.14 on Friday. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The company's 50-day moving average is $11.20 and its 200-day moving average is $12.14. The stock has a market capitalization of $7.93 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94. The AES Co. has a 1 year low of $9.57 and a 1 year high of $22.21.

AES (NYSE:AES - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.27 EPS for the quarter, missing the consensus estimate 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 company's revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 EPS. Equities research analysts expect that The AES Co. will post 1.93 EPS for the current fiscal 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 paid a dividend of $0.176 per share. The ex-dividend date is Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a yield of 6.32%. AES's dividend payout ratio (DPR) is currently 38.04%.

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.

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