The AES Corporation $AES Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp cut its AES stake by 78.6% in Q4, selling 2,168,069 shares and retaining 591,362 shares worth $8.48 million (about 0.08% of AES).
• AES beat quarterly estimates with $0.81 EPS vs. $0.68 and $3.10 billion revenue vs. $3.07 billion, and announced a quarterly dividend of $0.176 ($0.70 annualized) yielding 4.9% (ex-dividend May 1, payable May 15).
• Analysts' consensus is a "Hold" with an average price target of $15.30 (2 Buys, 8 Holds); the stock trades near $14.29 with a $10.19 billion market cap and ~93% institutional ownership.

Mitsubishi UFJ Trust & Banking Corp lowered its stake in The AES Corporation (NYSE:AES - Free Report) by 78.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 591,362 shares of the utilities provider's stock after selling 2,168,069 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.08% of AES worth $8,480,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Bogart Wealth LLC increased its stake 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 buying an additional 1,500 shares during the period. Cromwell Holdings LLC boosted its holdings in shares of AES by 232.5% in the third quarter. Cromwell Holdings LLC now owns 2,484 shares of the utilities provider's stock valued at $33,000 after acquiring an additional 1,737 shares in the last quarter. TD Private Client Wealth LLC increased its stake 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 during the period. Seven Mile Advisory purchased a new position in AES during the third quarter worth about $140,000. Finally, Prime Capital Investment Advisors LLC acquired a new stake in AES in the fourth quarter valued at about $174,000. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Stock Performance

AES opened at $14.29 on Friday. The AES Corporation has a 1-year low of $9.46 and a 1-year high of $17.65. The stock has a market cap of $10.19 billion, a P/E ratio of 11.34 and a beta of 0.97. The stock's 50 day simple moving average is $14.55 and its 200 day simple moving average is $14.47. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.77 and a quick ratio of 0.69.

AES (NYSE:AES - Get Free Report) last posted its earnings results on Monday, March 2nd. The utilities provider reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.13. AES had a return on equity of 19.93% and a net margin of 7.40%.The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the previous year, the business earned $0.54 earnings per share. As a group, equities analysts anticipate that The AES Corporation will post 2.29 EPS for the current fiscal year.

AES Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AES. Mizuho cut AES from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 3rd. Wall Street Zen upgraded AES from a "hold" rating to a "buy" rating in a research note on Saturday, March 7th. Barclays reiterated an "equal weight" rating and issued a $15.00 price objective on shares of AES in a research report on Wednesday, February 4th. Morgan Stanley reissued an "equal weight" rating and issued a $15.00 target price (down from $23.00) on shares of AES in a report on Friday, March 6th. Finally, Susquehanna cut shares of AES from a "positive" rating to a "neutral" rating and lowered their price target for the stock from $16.00 to $15.00 in a research note on Thursday, April 9th. Two analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $15.30.

AES Company 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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