The AES Co. (NYSE:AES) Shares Acquired by Alden Global Capital LLC

Alden Global Capital LLC raised its holdings in shares of The AES Co. (NYSE:AES - Free Report) by 125.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 226,246 shares of the utilities provider's stock after buying an additional 126,067 shares during the quarter. AES comprises about 2.8% of Alden Global Capital LLC's portfolio, making the stock its 12th biggest holding. Alden Global Capital LLC's holdings in AES were worth $2,912,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AES. SRS Capital Advisors Inc. increased its position in shares of AES by 190.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 1,581 shares during the last quarter. Optiver Holding B.V. raised its position 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 purchasing an additional 1,201 shares during the period. WR Wealth Planners LLC lifted its stake 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 purchasing an additional 1,369 shares in the last quarter. Covestor Ltd grew its stake in shares of 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 buying an additional 4,926 shares in the last quarter. Finally, AlphaQuest LLC raised its holdings in shares of AES by 18,047.1% in the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider's stock valued at $79,000 after buying an additional 6,136 shares during the period. Hedge funds and other institutional investors own 93.13% of the company's stock.

AES Price Performance

AES stock traded up $0.07 during mid-day trading on Monday, hitting $10.25. 16,499,389 shares of the company were exchanged, compared to its average volume of 11,659,485. The company has a market capitalization of $7.30 billion, a P/E ratio of 7.12, a PEG ratio of 0.82 and a beta of 0.94. The AES Co. has a 12-month low of $9.57 and a 12-month high of $22.21. 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 business's 50 day simple moving average is $11.23 and its two-hundred day simple moving average is $12.25.

AES (NYSE:AES - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the company earned $0.60 earnings per share. The company's quarterly revenue was down 5.2% on a year-over-year basis. Analysts forecast that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a yield of 6.87%. The ex-dividend date of this dividend is Thursday, May 1st. AES's dividend payout ratio (DPR) is presently 38.04%.

Wall Street Analysts Forecast Growth

AES has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price target on shares of AES from $16.00 to $14.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Mizuho reduced their price objective on AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 4th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $10.00 target price (down previously from $15.00) on shares of AES in a report on Thursday, April 10th. Barclays reduced their price objective on shares of AES from $17.00 to $12.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Finally, Bank of America upgraded shares of AES from an "underperform" rating to a "neutral" rating and increased their price target for the company from $11.00 to $13.00 in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $13.71.

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.