Boston Partners Sells 133,335 Shares of The AES Co. (NYSE:AES)

Boston Partners trimmed its stake in shares of The AES Co. (NYSE:AES - Free Report) by 24.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,871 shares of the utilities provider's stock after selling 133,335 shares during the quarter. Boston Partners owned approximately 0.06% of AES worth $8,040,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Private Trust Co. NA increased its stake in shares of AES by 68.8% in the fourth quarter. Private Trust Co. NA now owns 2,669 shares of the utilities provider's stock valued at $51,000 after buying an additional 1,088 shares during the period. Principal Securities Inc. acquired a new position in AES in the 4th quarter valued at approximately $57,000. Allworth Financial LP lifted its holdings in shares of AES by 133.7% during the fourth quarter. Allworth Financial LP now owns 3,110 shares of the utilities provider's stock worth $60,000 after purchasing an additional 1,779 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of AES by 57.8% in the third quarter. EverSource Wealth Advisors LLC now owns 3,550 shares of the utilities provider's stock worth $54,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in AES by 267.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,587 shares of the utilities provider's stock valued at $69,000 after purchasing an additional 2,611 shares during the period. Institutional investors and hedge funds own 93.13% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on AES shares. Morgan Stanley reissued an "overweight" rating and issued a $25.00 price target on shares of AES in a research note on Monday, March 25th. Argus restated a "buy" rating and set a $25.00 price target on shares of AES in a report on Tuesday, March 26th. Mizuho upped their price objective on shares of AES from $21.00 to $24.00 and gave the company a "buy" rating in a research note on Friday. Royal Bank of Canada reissued an "outperform" rating and set a $22.00 target price on shares of AES in a research note on Tuesday, April 9th. Finally, UBS Group decreased their price target on AES from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $22.50.

AES Stock Up 0.3 %

Shares of NYSE AES traded up $0.07 during mid-day trading on Friday, reaching $21.28. 8,785,389 shares of the company's stock traded hands, compared to its average volume of 8,441,206. The company has a debt-to-equity ratio of 4.04, a current ratio of 0.78 and a quick ratio of 0.71. The business has a 50-day simple moving average of $17.60 and a 200 day simple moving average of $17.38. The stock has a market cap of $15.12 billion, a P/E ratio of 29.56 and a beta of 1.08. The AES Co. has a 1-year low of $11.43 and a 1-year high of $22.60.

AES (NYSE:AES - Get Free Report) last released its quarterly earnings results on Friday, May 3rd. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.16. AES had a return on equity of 36.23% and a net margin of 4.40%. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the business earned $0.22 EPS. The company's quarterly revenue was down 4.8% on a year-over-year basis. On average, analysts expect that The AES Co. will post 1.91 EPS for the current fiscal year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were paid a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Tuesday, April 30th. AES's dividend payout ratio (DPR) is presently 95.83%.

About AES

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.