Horizon Investments LLC Acquires 531,251 Shares of The AES Corporation $AES

Key Points

• Horizon Investments LLC boosted its stake in AES by 4,710.9% in Q4, buying 531,251 shares to hold 542,528 shares (about 0.08% of the company) worth $7.78 million.
• AES announced a quarterly dividend of $0.176 (annualized $0.70) with an ex-dividend date of May 1 and a yield of 4.9%, payable May 15.
• Analysts hold a consensus rating of "Hold" with a $15.30 price target (2 Buys, 8 Holds), while AES recently beat quarter estimates with $0.81 EPS versus $0.68 expected and $3.10 billion in revenue.

Horizon Investments LLC increased its holdings in shares of The AES Corporation (NYSE:AES - Free Report) by 4,710.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 542,528 shares of the utilities provider's stock after purchasing an additional 531,251 shares during the quarter. Horizon Investments LLC owned 0.08% of AES worth $7,780,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AES. TD Private Client Wealth LLC increased its position in shares of AES by 50.8% during the third quarter. TD Private Client Wealth LLC now owns 3,401 shares of the utilities provider's stock worth $45,000 after acquiring an additional 1,146 shares in the last quarter. Bogart Wealth LLC lifted its position in AES by 406.5% in the 3rd quarter. Bogart Wealth LLC now owns 1,869 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 1,500 shares in the last quarter. Cromwell Holdings LLC boosted its stake in AES by 232.5% in the 3rd quarter. Cromwell Holdings LLC now owns 2,484 shares of the utilities provider's stock worth $33,000 after purchasing an additional 1,737 shares during the period. Miller Howard Investments Inc. NY boosted its stake in AES by 3.7% in the 3rd quarter. Miller Howard Investments Inc. NY now owns 57,869 shares of the utilities provider's stock worth $762,000 after purchasing an additional 2,074 shares during the period. Finally, Zions Bancorporation National Association UT increased its holdings in AES by 10.0% during the 3rd quarter. Zions Bancorporation National Association UT now owns 27,729 shares of the utilities provider's stock worth $365,000 after purchasing an additional 2,510 shares in the last quarter. Institutional investors own 93.13% of the company's stock.

Analyst Upgrades and Downgrades

AES has been the topic of a number of research reports. Barclays restated an "equal weight" rating and issued a $15.00 price target on shares of AES in a report on Wednesday, February 4th. Mizuho cut AES from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 3rd. Argus downgraded AES from a "buy" rating to a "hold" rating in a research report on Thursday, March 26th. Wall Street Zen upgraded shares of AES from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $15.00 price objective (down from $23.00) on shares of AES in a research report on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $15.30.

AES Trading Down 1.1%

Shares of AES stock opened at $14.29 on Friday. The stock has a market cap of $10.19 billion, a P/E ratio of 11.34 and a beta of 0.97. The company has a quick ratio of 0.69, a current ratio of 0.77 and a debt-to-equity ratio of 2.94. The AES Corporation has a 12-month low of $9.46 and a 12-month high of $17.65. The business's 50 day moving average is $14.55 and its 200-day moving average is $14.47.

AES (NYSE:AES - Get Free Report) last released its earnings results on Monday, March 2nd. The utilities provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.13. AES had a net margin of 7.40% and a return on equity of 19.93%. The business had revenue of $3.10 billion during the quarter, compared to analysts' expectations of $3.07 billion. During the same period last year, the business earned $0.54 earnings per share. Equities research analysts predict that The AES Corporation will post 2.29 earnings per share for the current fiscal year.

AES Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be issued a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, May 1st. AES's dividend payout ratio is presently 55.56%.

AES Profile

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company's portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.

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