Y Intercept Hong Kong Ltd Purchases Shares of 101,596 The AES Corporation (NYSE:AES)

Y Intercept Hong Kong Ltd bought a new position in shares of The AES Corporation (NYSE:AES - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 101,596 shares of the utilities provider's stock, valued at approximately $1,262,000.

A number of other institutional investors also recently modified their holdings of AES. FMR LLC lifted its holdings in AES by 19.5% during the 4th quarter. FMR LLC now owns 49,173,626 shares of the utilities provider's stock worth $632,865,000 after purchasing an additional 8,027,426 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of AES by 35.7% in the 4th quarter. Ameriprise Financial Inc. now owns 28,571,119 shares of the utilities provider's stock valued at $367,499,000 after acquiring an additional 7,519,129 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of AES by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 16,895,678 shares of the utilities provider's stock valued at $216,862,000 after acquiring an additional 381,761 shares in the last quarter. Invesco Ltd. raised its holdings in shares of AES by 64.2% in the 4th quarter. Invesco Ltd. now owns 15,948,807 shares of the utilities provider's stock valued at $205,261,000 after acquiring an additional 6,238,087 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of AES during the 4th quarter valued at about $121,627,000. 93.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AES has been the subject of a number of analyst reports. Wall Street Zen lowered shares of AES from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Susquehanna lifted their price objective on AES from $15.00 to $16.00 and gave the stock a "positive" rating in a research report on Monday, July 21st. Argus reiterated a "hold" rating on shares of AES in a research report on Tuesday, May 27th. Citigroup cut their price objective on AES from $23.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Wells Fargo & Company lifted their price objective on AES from $108.00 to $112.00 in a research report on Friday, May 2nd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.67.

AES Stock Down 0.0%

Shares of AES stock traded down $0.01 during mid-day trading on Friday, hitting $13.80. The company's stock had a trading volume of 7,837,142 shares, compared to its average volume of 18,724,774. The AES Corporation has a 52-week low of $9.46 and a 52-week high of $20.30. The business has a 50-day moving average price of $11.36 and a 200 day moving average price of $11.26. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.78 and a current ratio of 0.84. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of 7.50, a PEG ratio of 1.86 and a beta of 0.95.

AES (NYSE:AES - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.10). The business had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $3.13 billion. AES had a return on equity of 18.06% and a net margin of 10.67%. The firm's revenue for the quarter 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. Research analysts predict that The AES Corporation will post 1.93 EPS for the current fiscal year.

AES Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date is Friday, August 1st. AES's dividend payout ratio (DPR) is presently 38.04%.

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.