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

Point72 Asset Management L.P. purchased a new position in The AES Co. (NYSE:AES - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. FMR LLC lifted its holdings in shares of AES by 19.5% in the 4th quarter. FMR LLC now owns 49,173,626 shares of the utilities provider's stock worth $632,865,000 after acquiring an additional 8,027,426 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in AES by 35.7% in the fourth quarter. Ameriprise Financial Inc. now owns 28,571,119 shares of the utilities provider's stock worth $367,499,000 after purchasing an additional 7,519,129 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of AES by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 16,895,678 shares of the utilities provider's stock valued at $216,862,000 after buying an additional 381,761 shares during the last quarter. Invesco Ltd. raised its holdings in shares of AES by 64.2% in the fourth quarter. Invesco Ltd. now owns 15,948,807 shares of the utilities provider's stock worth $205,261,000 after buying an additional 6,238,087 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in AES by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,879,259 shares of the utilities provider's stock worth $88,536,000 after purchasing an additional 185,020 shares during the period. 93.13% of the stock is owned by hedge funds and other institutional investors.

AES Price Performance

AES traded down $0.31 on Tuesday, hitting $11.41. 13,675,580 shares of the company's stock were exchanged, compared to its average volume of 15,355,633. The AES Co. has a fifty-two week low of $9.57 and a fifty-two week high of $22.21. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 7.92, a P/E/G ratio of 0.82 and a beta of 0.94. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The firm has a 50-day moving average price of $11.29 and a 200-day moving average price of $11.90.

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 during the quarter, compared to analyst estimates of $3.13 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. The firm's revenue was down 5.2% compared to the same quarter last year. During the same period last year, the business earned $0.60 earnings per share. As a group, equities analysts anticipate that The AES Co. will post 1.93 earnings per share for the current year.

AES Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date of this dividend was Thursday, May 1st. AES's dividend payout ratio (DPR) is 38.04%.

Analysts Set New Price Targets

A number of equities analysts have commented on AES shares. Susquehanna dropped their target price on shares of AES from $16.00 to $15.00 and set a "positive" rating on the stock in a research note on Wednesday, March 5th. Jefferies Financial Group downgraded shares of AES from a "hold" rating to an "underperform" rating and lowered their target price for the company from $10.00 to $9.00 in a research note on Tuesday. Citigroup cut their price target on shares of AES from $23.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Mizuho cut their price target on shares of AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a report on Tuesday, March 4th. Finally, HSBC decreased their price objective on AES from $15.00 to $14.00 in a report on Monday, May 5th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.22.

AES 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.