Lindbrook Capital LLC Raises Stake in The AES Co. (NYSE:AES)

Lindbrook Capital LLC raised its holdings in shares of The AES Co. (NYSE:AES) by 40.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,116 shares of the utilities provider’s stock after buying an additional 3,809 shares during the period. Lindbrook Capital LLC’s holdings in AES were worth $252,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AES. Envestnet Asset Management Inc. boosted its position in AES by 15.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 679,615 shares of the utilities provider’s stock worth $10,330,000 after purchasing an additional 91,247 shares during the period. Lazard Asset Management LLC boosted its position in shares of AES by 370.1% in the third quarter. Lazard Asset Management LLC now owns 116,537 shares of the utilities provider’s stock worth $1,770,000 after buying an additional 91,749 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of AES by 81.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 351,220 shares of the utilities provider’s stock valued at $5,339,000 after buying an additional 157,421 shares in the last quarter. Quadrature Capital Ltd lifted its position in AES by 54.8% during the 3rd quarter. Quadrature Capital Ltd now owns 273,365 shares of the utilities provider’s stock worth $4,157,000 after acquiring an additional 96,808 shares in the last quarter. Finally, Channing Capital Management LLC boosted its holdings in AES by 16.7% in the 3rd quarter. Channing Capital Management LLC now owns 352,276 shares of the utilities provider’s stock worth $5,355,000 after acquiring an additional 50,341 shares during the period. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AES has been the topic of a number of recent research reports. Mizuho initiated coverage on shares of AES in a research report on Thursday, April 18th. They set a “buy” rating and a $21.00 target price on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $25.00 price objective on shares of AES in a report on Monday, March 25th. Royal Bank of Canada restated an “outperform” rating and set a $22.00 target price on shares of AES in a research note on Tuesday, April 9th. Argus reiterated a “buy” rating and issued a $25.00 price target on shares of AES in a research note on Tuesday, March 26th. Finally, UBS Group lowered their price objective on AES from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $22.13.

AES Stock Up 1.8 %

AES stock opened at $16.70 on Tuesday. The firm has a fifty day moving average price of $16.47 and a two-hundred day moving average price of $16.73. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.68 and a quick ratio of 0.61. The AES Co. has a 1-year low of $11.43 and a 1-year high of $24.20. The firm has a market cap of $11.87 billion, a price-to-earnings ratio of 50.61 and a beta of 1.08.

AES (NYSE:AES) last issued its earnings results on Tuesday, February 27th. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.06. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.36 billion. AES had a net margin of 2.12% and a return on equity of 38.76%. AES’s revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share. Research analysts predict that The AES Co. will post 1.91 EPS for the current year.

AES Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.1725 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.69 annualized dividend and a dividend yield of 4.13%. AES’s dividend payout ratio is currently 209.10%.

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.