Entropy Technologies LP acquired a new stake in The AES Corporation (NYSE:AES - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 172,343 shares of the utilities provider's stock, valued at approximately $2,140,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in shares of AES by 35.7% in the fourth 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. Invesco Ltd. raised its holdings in shares of AES by 30.4% in the first quarter. Invesco Ltd. now owns 20,790,956 shares of the utilities provider's stock valued at $258,224,000 after acquiring an additional 4,842,149 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of AES in the fourth quarter valued at about $121,627,000. Charles Schwab Investment Management Inc. raised its holdings in shares of AES by 3.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 7,134,771 shares of the utilities provider's stock valued at $88,614,000 after acquiring an additional 255,512 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of AES by 10.6% in the fourth quarter. Northern Trust Corp now owns 6,559,912 shares of the utilities provider's stock valued at $84,426,000 after acquiring an additional 628,911 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on AES shares. Susquehanna upped their price objective on AES from $15.00 to $16.00 and gave the stock a "positive" rating in a research note on Monday, July 21st. Citigroup decreased their price objective on AES from $23.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Argus restated a "hold" rating on shares of AES in a research note on Tuesday, May 27th. Barclays upped their price objective on AES from $12.00 to $14.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Finally, Wells Fargo & Company upped their price objective on AES from $108.00 to $112.00 in a research note on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.67.
Check Out Our Latest Research Report on AES
AES Stock Performance
Shares of AES stock opened at $13.10 on Monday. The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 1.57 and a beta of 0.96. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.82 and a quick ratio of 0.74. The business has a fifty day moving average of $11.93 and a 200 day moving average of $11.34. The AES Corporation has a 1 year low of $9.46 and a 1 year high of $20.30.
AES (NYSE:AES - Get Free Report) last issued its earnings results on Thursday, July 31st. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.12. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.97 billion. AES had a return on equity of 19.02% and a net margin of 8.42%. The firm's quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. As a group, research analysts expect that The AES Corporation will post 1.93 earnings per share for the current year.
AES Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a $0.176 dividend. The ex-dividend date is Friday, August 1st. This represents a $0.70 dividend on an annualized basis and a yield of 5.4%. AES's dividend payout ratio (DPR) is 49.30%.
About AES
(
Free Report)
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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