Moors & Cabot Inc. Grows Position in The AES Co. (NYSE:AES)

Moors & Cabot Inc. grew its holdings in shares of The AES Co. (NYSE:AES) by 11.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,393 shares of the utilities provider’s stock after buying an additional 5,574 shares during the period. Moors & Cabot Inc.’s holdings in AES were worth $713,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AES. Millburn Ridgefield Corp purchased a new stake in shares of AES during the third quarter valued at approximately $28,000. SRS Capital Advisors Inc. raised its holdings in AES by 190.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 1,581 shares during the period. WR Wealth Planners LLC raised its stake in shares of AES by 93.3% in the fourth 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 period. Brooklyn Investment Group purchased a new position in AES during the third quarter valued at approximately $63,000. Finally, AlphaQuest LLC lifted its stake in shares of AES by 18,047.1% during 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 in the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Stock Performance

Shares of AES stock opened at $12.32 on Friday. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The company has a market capitalization of $8.76 billion, a PE ratio of 8.55, a P/E/G ratio of 0.82 and a beta of 0.94. The company has a 50-day simple moving average of $11.25 and a two-hundred day simple moving average of $14.18. The AES Co. has a one year low of $9.88 and a one year high of $22.21.

AES (NYSE:AES) last released its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.20. The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.07 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. During the same period last year, the business posted $0.73 earnings per share. Research analysts expect that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Dividend Announcement

The company also recently declared 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. The ex-dividend date is Thursday, May 1st. This represents a $0.70 annualized dividend and a yield of 5.71%. AES’s payout ratio is presently 29.54%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Bank of America upgraded AES from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $11.00 to $13.00 in a research note on Tuesday, March 4th. Hsbc Global Res upgraded AES to a “strong-buy” rating in a research report on Friday, December 13th. Mizuho cut their price objective on shares of AES from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 4th. HSBC assumed coverage on AES in a report on Friday, December 13th. They issued a “buy” rating and a $17.00 price target on the stock. Finally, Barclays lowered their price objective on shares of AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.30.

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.