The AES Co. (NYSE:AES) Shares Purchased by Zimmer Partners LP

Zimmer Partners LP boosted its stake in shares of The AES Co. (NYSE:AES - Free Report) by 8,650.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,750,000 shares of the utilities provider's stock after buying an additional 1,730,000 shares during the quarter. Zimmer Partners LP owned 0.25% of AES worth $22,522,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Stephens Inc. AR boosted its stake in AES by 67.1% during the fourth quarter. Stephens Inc. AR now owns 332,012 shares of the utilities provider's stock worth $4,273,000 after buying an additional 133,308 shares during the period. UMB Bank n.a. boosted its stake in AES by 5,143.7% during the fourth quarter. UMB Bank n.a. now owns 76,977 shares of the utilities provider's stock worth $991,000 after buying an additional 75,509 shares during the period. Central Asset Investments & Management Holdings HK Ltd purchased a new position in AES during the fourth quarter worth about $489,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in AES by 47.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,174 shares of the utilities provider's stock worth $946,000 after buying an additional 23,764 shares during the period. Finally, RWC Asset Management LLP purchased a new position in AES during the fourth quarter worth about $4,762,000. Hedge funds and other institutional investors own 93.13% of the company's stock.

AES Stock Down 4.1%

Shares of AES stock opened at $11.71 on Tuesday. The AES Co. has a 52-week low of $9.57 and a 52-week high of $22.21. The company has a 50 day moving average of $11.29 and a 200 day moving average of $11.90. 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 company has a market capitalization of $8.34 billion, a P/E ratio of 8.13, a P/E/G ratio of 0.82 and a beta of 0.94.

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

AES Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a dividend of $0.176 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a yield of 6.01%. AES's payout ratio is currently 38.04%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AES shares. Jefferies Financial Group reissued a "hold" rating and issued a $10.00 price objective (down previously from $15.00) on shares of AES in a research note on Thursday, April 10th. Wells Fargo & Company raised their price objective on shares of AES from $108.00 to $112.00 in a research note on Friday, May 2nd. JPMorgan Chase & Co. lowered their price objective on shares of AES from $16.00 to $14.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. HSBC lowered their price objective on shares of AES from $15.00 to $14.00 in a research note on Monday, May 5th. Finally, Citigroup lowered their price objective on shares of AES from $23.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.33.

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.

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