Nebula Research & Development LLC Acquires New Position in The AES Co. (NYSE:AES)

Nebula Research & Development LLC bought a new position in The AES Co. (NYSE:AES - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 133,154 shares of the utilities provider's stock, valued at approximately $1,714,000.

A number of other large investors have also recently modified their holdings of AES. Evercore Wealth Management LLC grew its position in AES by 22.9% in the fourth quarter. Evercore Wealth Management LLC now owns 24,394 shares of the utilities provider's stock worth $314,000 after acquiring an additional 4,553 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its position in AES by 19.7% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,189,312 shares of the utilities provider's stock valued at $28,176,000 after acquiring an additional 360,894 shares during the last quarter. Syon Capital LLC bought a new position in shares of AES during the fourth quarter valued at about $152,000. Pinebridge Investments L.P. bought a new stake in AES in the fourth quarter valued at approximately $842,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of AES by 0.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,007,392 shares of the utilities provider's stock worth $12,966,000 after buying an additional 5,598 shares during the period. Institutional investors own 93.13% of the company's stock.

AES Stock Performance

NYSE AES traded up $0.22 during trading hours on Thursday, hitting $10.04. The company's stock had a trading volume of 6,625,275 shares, compared to its average volume of 11,558,913. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The company has a market cap of $7.14 billion, a P/E ratio of 6.96, a price-to-earnings-growth ratio of 0.82 and a beta of 0.81. The company's 50 day simple moving average is $11.27 and its two-hundred day simple moving average is $12.48. The AES Co. has a 12 month low of $9.57 and a 12 month high of $22.21.

AES (NYSE:AES - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.20. AES had a net margin of 8.34% and a return on equity of 27.30%. The firm had revenue of $2.96 billion during the quarter, compared to analysts' expectations of $3.07 billion. During the same period in the previous year, the company earned $0.73 earnings per share. As a group, sell-side analysts expect that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a yield of 7.01%. The ex-dividend date of this dividend is Thursday, May 1st. AES's dividend payout ratio (DPR) is presently 29.54%.

Wall Street Analyst Weigh In

A number of research analysts have commented on AES shares. Mizuho lowered their price target on AES from $16.00 to $15.00 and set an "outperform" rating for the company in a research report on Tuesday, March 4th. Barclays dropped their price target on AES from $17.00 to $12.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Jefferies Financial Group reissued a "hold" rating and set a $10.00 price objective (down from $15.00) on shares of AES in a research report on Thursday, April 10th. Seaport Res Ptn cut shares of AES from a "hold" rating to a "strong sell" rating in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of AES from $16.00 to $14.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $13.71.

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.