Maven Securities LTD Buys New Stake in The AES Co. (NYSE:AES)

Maven Securities LTD bought a new stake in The AES Co. (NYSE:AES - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 25,000 shares of the utilities provider's stock, valued at approximately $322,000.

Other large investors have also modified their holdings of the company. SRS Capital Advisors Inc. grew its stake in shares of AES by 190.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock valued at $31,000 after buying an additional 1,581 shares in the last quarter. Optiver Holding B.V. grew its position 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 in the last quarter. WR Wealth Planners LLC raised its position in shares of AES by 93.3% during the 4th 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 position in AES by 601.5% during 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 boosted its position in AES by 18,047.1% during the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider's stock valued at $79,000 after purchasing an additional 6,136 shares during the period. Institutional investors and hedge funds own 93.13% of the company's stock.

AES Trading Down 4.4%

AES stock traded down $0.54 during midday trading on Monday, hitting $11.68. The stock had a trading volume of 8,228,408 shares, compared to its average volume of 15,256,896. The AES Co. has a 1-year low of $9.57 and a 1-year high of $22.21. 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 firm has a market cap of $8.31 billion, a P/E ratio of 8.11, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94. The business has a fifty day moving average price of $11.29 and a two-hundred day moving average price of $11.92.

AES (NYSE:AES - Get Free Report) last announced 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 period in the previous year, the company posted $0.60 earnings per share. The company's quarterly revenue was down 5.2% compared to the same quarter last year. On average, sell-side analysts predict that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES Announces Dividend

The firm also recently announced 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 6.03%. The ex-dividend date was Thursday, May 1st. AES's dividend payout ratio is currently 38.04%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AES shares. HSBC cut their target price on AES from $15.00 to $14.00 in a research note on Monday, May 5th. Mizuho dropped their target price on AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 4th. Citigroup dropped their target price on AES from $23.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Wells Fargo & Company increased their price objective on AES from $108.00 to $112.00 in a report on Friday, May 2nd. Finally, Bank of America raised AES from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $11.00 to $13.00 in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus 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.