Strs Ohio Has $23 Million Stake in The AES Co. (NYSE:AES)

Strs Ohio boosted its position in shares of The AES Co. (NYSE:AES - Free Report) by 25.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,195,000 shares of the utilities provider's stock after buying an additional 239,000 shares during the quarter. Strs Ohio owned approximately 0.18% of AES worth $23,003,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC grew its holdings in AES by 38.6% during the 3rd quarter. FMR LLC now owns 36,821,650 shares of the utilities provider's stock worth $559,689,000 after acquiring an additional 10,256,781 shares during the period. CI Investments Inc. lifted its stake in AES by 18,505.6% in the third quarter. CI Investments Inc. now owns 2,030,429 shares of the utilities provider's stock valued at $30,862,000 after buying an additional 2,019,516 shares during the period. Invesco Ltd. boosted its holdings in AES by 24.2% during the third quarter. Invesco Ltd. now owns 7,611,339 shares of the utilities provider's stock worth $115,692,000 after buying an additional 1,484,052 shares during the last quarter. Barclays PLC increased its stake in shares of AES by 114.1% in the 3rd quarter. Barclays PLC now owns 2,677,405 shares of the utilities provider's stock valued at $40,697,000 after acquiring an additional 1,426,662 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in AES by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 83,790,219 shares of the utilities provider's stock worth $2,155,923,000 after acquiring an additional 1,285,423 shares during the last quarter. Institutional investors own 93.13% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on AES shares. Barclays cut their target price on shares of AES from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Thursday, March 14th. Morgan Stanley reaffirmed an "overweight" rating and set a $25.00 price target on shares of AES in a research report on Monday, March 25th. Argus reissued a "buy" rating and set a $25.00 target price on shares of AES in a research note on Tuesday, March 26th. UBS Group reduced their price target on shares of AES from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, April 3rd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $22.00 price objective on shares of AES in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $22.29.

AES Stock Down 1.6 %

AES stock traded down $0.26 during midday trading on Tuesday, hitting $15.90. The company's stock had a trading volume of 12,295,215 shares, compared to its average volume of 8,495,012. The stock has a market capitalization of $11.30 billion, a P/E ratio of 48.18 and a beta of 1.08. The company's fifty day moving average price is $16.47 and its 200 day moving average price is $16.64. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.68 and a quick ratio of 0.61. The AES Co. has a twelve month low of $11.43 and a twelve month high of $24.59.

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

AES Announces Dividend

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 issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Tuesday, April 30th. AES's payout ratio is presently 209.10%.

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.