Point72 Hong Kong Ltd Makes New Investment in The AES Co. (NYSE:AES)

Point72 Hong Kong Ltd purchased a new stake in shares of The AES Co. (NYSE:AES - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,725 shares of the utilities provider's stock, valued at approximately $305,000.

Other large investors also recently modified their holdings of the company. SRS Capital Advisors Inc. grew its holdings in AES by 190.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock worth $31,000 after acquiring an additional 1,581 shares during the period. Optiver Holding B.V. grew its holdings in AES by 79.5% during the fourth quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock worth $35,000 after acquiring an additional 1,201 shares during the period. WR Wealth Planners LLC grew its holdings in AES by 93.3% during the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock worth $37,000 after acquiring an additional 1,369 shares during the period. Covestor Ltd grew its holdings in AES by 601.5% during the fourth quarter. Covestor Ltd now owns 5,745 shares of the utilities provider's stock worth $74,000 after acquiring an additional 4,926 shares during the period. Finally, AlphaQuest LLC grew its holdings in AES by 18,047.1% during the fourth quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider's stock worth $79,000 after acquiring an additional 6,136 shares during the period. 93.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AES. JPMorgan Chase & Co. lowered their target price on AES from $16.00 to $14.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Seaport Res Ptn lowered AES from a "hold" rating to a "strong sell" rating in a report on Monday, March 3rd. Citigroup dropped their price target on AES from $23.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Jefferies Financial Group cut AES from a "hold" rating to an "underperform" rating and dropped their price target for the stock from $10.00 to $9.00 in a research note on Tuesday. Finally, Susquehanna dropped their price target on AES from $16.00 to $15.00 and set a "positive" rating on the stock in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, AES presently has an average rating of "Moderate Buy" and a consensus price target of $24.22.

AES Stock Performance

Shares of NYSE AES traded down $0.51 during trading hours on Thursday, hitting $9.62. 18,782,332 shares of the stock were exchanged, compared to its average volume of 12,216,541. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The company's 50 day moving average is $11.23 and its 200 day moving average is $11.88. The firm has a market capitalization of $6.85 billion, a P/E ratio of 6.68, a P/E/G ratio of 0.82 and a beta of 0.94. The AES Co. has a one year low of $9.47 and a one year high of $22.21.

AES (NYSE:AES - Get Free Report) last issued its quarterly 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). AES had a return on equity of 27.30% and a net margin of 8.34%. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The firm's quarterly revenue was down 5.2% compared to the same quarter last year. On average, research analysts expect that The AES Co. will post 1.93 EPS for the current year.

AES Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a $0.176 dividend. The ex-dividend date was Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.32%. AES's payout ratio is 38.04%.

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.