Schonfeld Strategic Advisors LLC Decreases Position in The AES Co. (NYSE:AES)

Schonfeld Strategic Advisors LLC reduced its stake in shares of The AES Co. (NYSE:AES - Free Report) by 56.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,795 shares of the utilities provider's stock after selling 66,998 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in AES were worth $654,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AES. Stephens Inc. AR boosted its stake in shares of AES by 67.1% in the fourth quarter. Stephens Inc. AR now owns 332,012 shares of the utilities provider's stock valued at $4,273,000 after purchasing an additional 133,308 shares during the period. UMB Bank n.a. boosted its position in AES by 5,143.7% in the 4th quarter. UMB Bank n.a. now owns 76,977 shares of the utilities provider's stock valued at $991,000 after buying an additional 75,509 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of AES during the fourth quarter worth about $489,000. Leibman Financial Services Inc. acquired a new position in shares of AES in the fourth quarter worth about $2,375,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in 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 during the last quarter. Hedge funds and other institutional investors own 93.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AES shares. Seaport Res Ptn cut AES from a "hold" rating to a "strong sell" rating in a research note on Monday, March 3rd. Mizuho decreased their price objective 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. Jefferies Financial Group reaffirmed a "hold" rating and set a $10.00 price target (down previously from $15.00) on shares of AES in a research report on Thursday, April 10th. Bank of America raised AES from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $11.00 to $13.00 in a report on Tuesday, March 4th. Finally, Susquehanna reduced 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. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, AES presently has an average rating of "Moderate Buy" and a consensus target price of $13.71.

AES Trading Up 3.0 %

NYSE:AES opened at $11.14 on Friday. The firm has a market capitalization of $7.93 billion, a P/E ratio of 7.74, a P/E/G ratio of 0.82 and a beta of 0.94. The business has a 50 day simple moving average of $11.20 and a 200 day simple moving average of $12.14. 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 AES Co. has a 12-month low of $9.57 and a 12-month high of $22.21.

AES (NYSE:AES - Get Free Report) last released 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 firm had revenue of $2.93 billion for 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 firm's revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 EPS. Equities research analysts predict that The AES Co. will post 1.93 EPS for the current year.

AES Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a yield of 6.32%. The ex-dividend date is Thursday, May 1st. AES's payout ratio is currently 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.

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