Point72 Asset Management L.P. Makes New $121.63 Million Investment in The AES Co. (NYSE:AES)

Point72 Asset Management L.P. bought a new position in shares of The AES Co. (NYSE:AES - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,450,401 shares of the utilities provider's stock, valued at approximately $121,627,000. Point72 Asset Management L.P. owned 1.33% of AES at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stephens Inc. AR grew its holdings in AES by 67.1% during the 4th quarter. Stephens Inc. AR now owns 332,012 shares of the utilities provider's stock valued at $4,273,000 after buying an additional 133,308 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of AES by 5,143.7% in the fourth quarter. UMB Bank n.a. now owns 76,977 shares of the utilities provider's stock valued at $991,000 after purchasing an additional 75,509 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of AES in the fourth quarter valued at $489,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of AES by 47.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,174 shares of the utilities provider's stock valued at $946,000 after purchasing an additional 23,764 shares in the last quarter. Finally, RWC Asset Management LLP purchased a new position in shares of AES in the fourth quarter valued at $4,762,000. Institutional investors own 93.13% of the company's stock.

AES Trading Down 1.7%

AES traded down $0.21 during trading on Friday, reaching $12.19. The company had a trading volume of 13,446,699 shares, compared to its average volume of 11,931,324. The stock has a market cap of $8.68 billion, a P/E ratio of 8.46, a PEG ratio of 0.82 and a beta of 0.94. The business has a 50 day simple moving average of $11.29 and a 200-day simple moving average of $11.95. The AES Co. has a 52 week low of $9.57 and a 52 week high of $22.21. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21.

AES (NYSE:AES - Get Free Report) last issued its earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.10). The company had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $3.13 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. The firm's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. On average, equities analysts anticipate 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 was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a $0.176 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $0.70 annualized dividend and a dividend yield of 5.78%. AES's payout ratio is currently 38.04%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Bank of America raised shares of AES from an "underperform" rating to a "neutral" rating and raised their target price for the company from $11.00 to $13.00 in a report on Tuesday, March 4th. Mizuho cut their target price on shares of AES from $16.00 to $15.00 and set an "outperform" rating for the company in a report on Tuesday, March 4th. Seaport Res Ptn lowered shares of AES from a "hold" rating to a "strong sell" rating in a report on Monday, March 3rd. Susquehanna cut their target price on shares of AES from $16.00 to $15.00 and set a "positive" rating for the company in a report on Wednesday, March 5th. Finally, Wells Fargo & Company raised their price target on AES from $108.00 to $112.00 in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, AES presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.33.

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.