Asset Management One Co. Ltd. Decreases Stock Position in The AES Co. (NYSE:AES)

Asset Management One Co. Ltd. cut its stake in The AES Co. (NYSE:AES - Free Report) by 20.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 372,579 shares of the utilities provider's stock after selling 97,792 shares during the period. Asset Management One Co. Ltd. owned approximately 0.06% of AES worth $7,209,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Harbour Investments Inc. raised its holdings in shares of AES by 17.6% during the 4th quarter. Harbour Investments Inc. now owns 3,513 shares of the utilities provider's stock worth $101,000 after buying an additional 527 shares in the last quarter. New York Life Investment Management LLC raised its holdings in shares of AES by 0.7% during the 3rd quarter. New York Life Investment Management LLC now owns 96,702 shares of the utilities provider's stock worth $1,470,000 after buying an additional 665 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of AES by 18.0% during the 4th quarter. Global Retirement Partners LLC now owns 4,378 shares of the utilities provider's stock worth $78,000 after buying an additional 668 shares in the last quarter. Simplicity Solutions LLC raised its holdings in shares of AES by 0.5% during the 3rd quarter. Simplicity Solutions LLC now owns 168,016 shares of the utilities provider's stock worth $2,554,000 after buying an additional 793 shares in the last quarter. Finally, Arrow Investment Advisors LLC raised its holdings in shares of AES by 4.5% during the 1st quarter. Arrow Investment Advisors LLC now owns 18,641 shares of the utilities provider's stock worth $449,000 after buying an additional 806 shares in the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Trading Down 3.3 %

Shares of NYSE AES traded down $0.61 during trading on Wednesday, reaching $17.68. The company had a trading volume of 6,758,058 shares, compared to its average volume of 8,431,887. The company's fifty day moving average price is $16.48 and its 200-day moving average price is $16.61. The AES Co. has a 12 month low of $11.43 and a 12 month high of $25.74. The stock has a market cap of $12.57 billion, a P/E ratio of 53.58 and a beta of 1.08. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 4.42.

AES (NYSE:AES - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.06. AES had a return on equity of 38.76% and a net margin of 2.12%. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same quarter in the previous year, the company posted $0.49 EPS. The business's revenue was down 3.0% on a year-over-year basis. As a group, research analysts expect that The AES Co. will post 1.91 earnings per share for the current year.

AES Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.1725 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.69 annualized dividend and a dividend yield of 3.90%. AES's payout ratio is 209.09%.

Wall Street Analyst Weigh In

AES has been the subject of a number of research analyst reports. Barclays lowered their price target on AES from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Thursday, March 14th. Morgan Stanley restated an "overweight" rating and set a $25.00 price objective on shares of AES in a research report on Monday, March 25th. UBS Group reduced their price objective on AES from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 3rd. Royal Bank of Canada restated an "outperform" rating and set a $22.00 price objective on shares of AES in a research report on Tuesday. Finally, Argus restated a "buy" rating and set a $25.00 price objective on shares of AES in a research report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $22.29.

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.