Investment Management Corp of Ontario Purchases 73,791 Shares of The AES Co. (NYSE:AES)

Investment Management Corp of Ontario boosted its stake in shares of The AES Co. (NYSE:AES - Free Report) by 313.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,338 shares of the utilities provider's stock after purchasing an additional 73,791 shares during the quarter. Investment Management Corp of Ontario's holdings in AES were worth $1,253,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SRS Capital Advisors Inc. raised its holdings in AES by 190.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 1,581 shares during the period. Optiver Holding B.V. grew its position in shares of AES by 79.5% in the fourth quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 1,201 shares during the last quarter. WR Wealth Planners LLC increased its stake in shares of AES by 93.3% during the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock worth $37,000 after purchasing an additional 1,369 shares during the period. Covestor Ltd boosted its stake in AES by 601.5% in the 4th quarter. Covestor Ltd now owns 5,745 shares of the utilities provider's stock valued at $74,000 after purchasing an additional 4,926 shares during the period. Finally, AlphaQuest LLC grew its holdings in AES by 18,047.1% in the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider's stock valued at $79,000 after buying an additional 6,136 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Trading Down 1.7%

AES traded down $0.21 during trading on Friday, reaching $12.19. 13,446,699 shares of the company's stock were exchanged, compared to its average volume of 11,923,554. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The AES Co. has a one year low of $9.57 and a one year high of $22.21. The firm has a fifty day moving average price of $11.29 and a two-hundred day moving average price of $12.01. The stock has a market capitalization of $8.68 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94.

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

AES Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a $0.176 dividend. This represents a $0.70 annualized dividend and a yield of 5.78%. The ex-dividend date was Thursday, May 1st. AES's payout ratio is presently 38.04%.

Analysts Set New Price Targets

AES has been the subject of a number of recent research reports. Bank of America raised shares of AES from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $11.00 to $13.00 in a research report on Tuesday, March 4th. 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 report on Thursday, April 10th. Barclays lowered their target price on shares of AES from $17.00 to $12.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Citigroup reduced their price target on AES from $23.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, HSBC cut their target price on AES from $15.00 to $14.00 in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.