MidWestOne Financial Group Inc. Trims Stock Holdings in The AES Co. (NYSE:AES)

MidWestOne Financial Group Inc. lowered its stake in shares of The AES Co. (NYSE:AES - Free Report) by 47.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,155 shares of the utilities provider's stock after selling 46,196 shares during the period. MidWestOne Financial Group Inc.'s holdings in AES were worth $658,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AES. Optiver Holding B.V. lifted its holdings in shares of AES by 79.5% in the 4th quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock worth $35,000 after acquiring an additional 1,201 shares during the last quarter. WR Wealth Planners LLC boosted its holdings in 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 acquiring an additional 1,369 shares during the period. Nissay Asset Management Corp Japan ADV increased its stake in AES by 1.6% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 85,866 shares of the utilities provider's stock worth $1,095,000 after purchasing an additional 1,382 shares during the period. Signature Estate & Investment Advisors LLC lifted its position in AES by 11.4% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 14,082 shares of the utilities provider's stock valued at $181,000 after purchasing an additional 1,436 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its stake in shares of AES by 22.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 8,472 shares of the utilities provider's stock valued at $109,000 after purchasing an additional 1,551 shares during the period. 93.13% of the stock is owned by institutional investors.

AES Stock Performance

Shares of AES opened at $10.15 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The stock has a market cap of $7.22 billion, a P/E ratio of 7.05, a P/E/G ratio of 0.82 and a beta of 0.94. The business's 50 day moving average price is $11.23 and its 200-day moving average price is $11.88. The AES Co. has a 52 week low of $9.57 and a 52 week high of $22.21.

AES (NYSE:AES - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.10). The company had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $3.13 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. The company's revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. Equities research analysts anticipate that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a dividend yield of 6.94%. The ex-dividend date was Thursday, May 1st. AES's dividend payout ratio (DPR) is currently 38.04%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AES. Bank of America raised AES from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $11.00 to $13.00 in a research note on Tuesday, March 4th. HSBC dropped their target price on shares of AES from $15.00 to $14.00 in a research report on Monday, May 5th. Seaport Res Ptn cut shares of AES from a "hold" rating to a "strong sell" rating in a research report on Monday, March 3rd. Wells Fargo & Company raised their price objective on shares of AES from $108.00 to $112.00 in a report on Friday, May 2nd. Finally, Mizuho reduced their target price on AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.22.

About AES

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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