Redwood Investment Management LLC Makes New Investment in The AES Co. (NYSE:AES)

Redwood Investment Management LLC acquired a new stake in The AES Co. (NYSE:AES - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 146,483 shares of the utilities provider's stock, valued at approximately $1,885,000.

Other large investors have also modified their holdings of the company. Rockland Trust Co. lifted its holdings in AES by 7.4% during the fourth quarter. Rockland Trust Co. now owns 16,010 shares of the utilities provider's stock valued at $206,000 after purchasing an additional 1,110 shares in the last quarter. Optiver Holding B.V. lifted its stake in AES by 79.5% in the 4th quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock valued at $35,000 after buying an additional 1,201 shares in the last quarter. WR Wealth Planners LLC boosted its holdings in AES by 93.3% in the 4th quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock worth $37,000 after buying an additional 1,369 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of AES by 1.6% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 85,866 shares of the utilities provider's stock valued at $1,095,000 after acquiring an additional 1,382 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC lifted its position in shares of AES by 11.4% in 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. Institutional investors and hedge funds own 93.13% of the company's stock.

AES Trading Down 4.1%

AES traded down $0.50 during trading hours on Monday, reaching $11.71. The company's stock had a trading volume of 19,364,801 shares, compared to its average volume of 11,961,064. The business's 50-day moving average is $11.29 and its 200-day moving average is $11.92. 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 stock has a market cap of $8.34 billion, a PE ratio of 8.13, a P/E/G ratio of 0.82 and a beta of 0.94. The AES Co. has a fifty-two week low of $9.57 and a fifty-two week high of $22.21.

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

AES Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date was Thursday, May 1st. AES's dividend payout ratio is presently 38.04%.

Analyst Upgrades and Downgrades

Several research firms recently commented on AES. Mizuho reduced their price objective on AES from $16.00 to $15.00 and set an "outperform" rating for the company in a research note on Tuesday, March 4th. JPMorgan Chase & Co. cut their price objective on shares of AES from $16.00 to $14.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Susquehanna lowered their target price on AES from $16.00 to $15.00 and set a "positive" rating on the stock in a report on Wednesday, March 5th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $10.00 price target (down previously from $15.00) on shares of AES in a report on Thursday, April 10th. Finally, Wells Fargo & Company boosted their price objective on AES from $108.00 to $112.00 in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $24.33.

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.