OMERS ADMINISTRATION Corp Increases Stake in The AES Co. (NYSE:AES)

OMERS ADMINISTRATION Corp raised its position in The AES Co. (NYSE:AES - Free Report) by 499.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 139,971 shares of the utilities provider's stock after buying an additional 116,617 shares during the period. OMERS ADMINISTRATION Corp's holdings in AES were worth $1,801,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of AES. Rockland Trust Co. increased its stake in shares of AES by 7.4% during the 4th quarter. Rockland Trust Co. now owns 16,010 shares of the utilities provider's stock worth $206,000 after purchasing an additional 1,110 shares during the last quarter. Optiver Holding B.V. lifted its holdings in AES by 79.5% during the 4th quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock worth $35,000 after purchasing an additional 1,201 shares in the last quarter. WR Wealth Planners LLC boosted its position in shares of AES by 93.3% in the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 1,369 shares during the period. Signature Estate & Investment Advisors LLC grew its stake in AES by 11.4% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 14,082 shares of the utilities provider's stock valued at $181,000 after acquiring an additional 1,436 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in AES by 22.4% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 8,472 shares of the utilities provider's stock worth $109,000 after acquiring an additional 1,551 shares during the period. 93.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AES has been the topic of a number of recent analyst reports. Barclays lowered their target price on shares of AES from $17.00 to $12.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. JPMorgan Chase & Co. lowered their target price on AES from $16.00 to $14.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Bank of America raised shares of AES from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $11.00 to $13.00 in a research note on Tuesday, March 4th. Susquehanna lowered their price objective on shares of AES from $16.00 to $15.00 and set a "positive" rating for the company in a research note on Wednesday, March 5th. Finally, Mizuho dropped their price target on AES from $16.00 to $15.00 and set an "outperform" rating for the company in a research note on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $24.22.

AES Stock Performance

Shares of AES stock traded down $0.64 during trading hours on Wednesday, reaching $10.61. The company had a trading volume of 9,606,649 shares, compared to its average volume of 12,036,754. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The business has a fifty day moving average price of $11.27 and a 200-day moving average price of $11.89. The AES Co. has a one year low of $9.57 and a one year high of $22.21. The firm has a market cap of $7.55 billion, a PE ratio of 7.37, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94.

AES (NYSE:AES - Get Free Report) last posted its earnings results on Thursday, May 1st. The utilities provider reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.10). The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.13 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. The company's revenue for the quarter was down 5.2% on a year-over-year basis. During the same period last year, the firm posted $0.60 EPS. Sell-side analysts predict that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a $0.176 dividend. The ex-dividend date was Thursday, May 1st. This represents a $0.70 annualized dividend and a yield of 6.64%. AES's payout ratio is 38.04%.

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.