The AES Co. (NYSE:AES) Stock Holdings Lifted by SIR Capital Management L.P.

SIR Capital Management L.P. grew its position in The AES Co. (NYSE:AES - Free Report) by 16.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,100,958 shares of the utilities provider's stock after buying an additional 302,041 shares during the quarter. AES accounts for about 2.8% of SIR Capital Management L.P.'s portfolio, making the stock its 9th largest holding. SIR Capital Management L.P. owned about 0.30% of AES worth $27,039,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AES. SRS Capital Advisors Inc. increased its stake in shares of AES by 190.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 1,581 shares during the last quarter. Optiver Holding B.V. boosted its stake in AES by 79.5% in the fourth 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 stake in AES by 93.3% in the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock valued at $37,000 after buying an additional 1,369 shares in the last quarter. Covestor Ltd raised its position in AES by 601.5% in the fourth quarter. Covestor Ltd now owns 5,745 shares of the utilities provider's stock valued at $74,000 after purchasing an additional 4,926 shares during the last quarter. Finally, AlphaQuest LLC raised its position in AES by 18,047.1% in the fourth quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider's stock valued at $79,000 after purchasing an additional 6,136 shares during the last quarter. Institutional investors own 93.13% of the company's stock.

AES Trading Down 4.1%

AES stock traded down $0.50 during mid-day trading 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 company has a market cap of $8.34 billion, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94. The business's 50 day moving average price is $11.29 and its 200 day moving average price is $11.90. 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 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 issued its earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.10). The business had revenue of $2.93 billion during 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 company's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share. On average, equities research analysts predict that The AES Co. will post 1.93 EPS for the current year.

AES Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders 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 dividend on an annualized basis and a yield of 6.01%. AES's payout ratio is currently 38.04%.

Analyst Upgrades and Downgrades

Several research firms have commented on AES. Citigroup dropped their target price on AES from $23.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Bank of America upgraded AES from an "underperform" rating to a "neutral" rating and increased their target price for the company from $11.00 to $13.00 in a research report on Tuesday, March 4th. JPMorgan Chase & Co. dropped their target price on AES from $16.00 to $14.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Mizuho dropped their target price on AES from $16.00 to $15.00 and set an "outperform" rating for the company in a research report on Tuesday, March 4th. Finally, Susquehanna dropped their target price on AES from $16.00 to $15.00 and set a "positive" rating for the company in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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.