The AES Co. (NYSE:AES) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP lifted its holdings in shares of The AES Co. (NYSE:AES) by 23.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,888 shares of the utilities provider’s stock after acquiring an additional 47,507 shares during the quarter. Quantbot Technologies LP’s holdings in AES were worth $3,242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Empowered Funds LLC lifted its holdings in shares of AES by 8.0% during the 3rd quarter. Empowered Funds LLC now owns 11,179 shares of the utilities provider’s stock valued at $224,000 after acquiring an additional 830 shares in the last quarter. Rockland Trust Co. increased its stake in AES by 7.4% during the 4th quarter. Rockland Trust Co. now owns 16,010 shares of the utilities provider’s stock worth $206,000 after buying an additional 1,110 shares during the period. Sanctuary Advisors LLC increased its stake in AES by 3.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 34,067 shares of the utilities provider’s stock worth $683,000 after buying an additional 1,141 shares during the period. WR Wealth Planners LLC increased its stake in AES by 93.3% during the 4th 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. Finally, Millburn Ridgefield Corp purchased a new stake in AES during the 3rd quarter worth $28,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Hsbc Global Res raised shares of AES to a “strong-buy” rating in a research note on Friday, December 13th. Mizuho dropped their price target on shares of AES from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. Bank of America raised shares of AES from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $11.00 to $13.00 in a research note on Tuesday, March 4th. Barclays dropped their target price 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. Finally, Susquehanna dropped their target price on shares of AES from $16.00 to $15.00 and set a “positive” rating for the company in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.30.

AES Price Performance

Shares of NYSE:AES opened at $13.07 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The AES Co. has a fifty-two week low of $9.88 and a fifty-two week high of $22.21. The firm has a 50-day simple moving average of $11.28 and a 200 day simple moving average of $13.97. The company has a market cap of $9.30 billion, a PE ratio of 9.07, a P/E/G ratio of 0.82 and a beta of 0.94.

AES (NYSE:AES) last announced its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.20. The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.07 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. During the same quarter in the prior year, the firm earned $0.73 EPS. On average, sell-side analysts anticipate that The AES Co. will post 1.93 EPS for the current year.

AES Announces Dividend

The company 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 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date is Thursday, May 1st. AES’s payout ratio is 29.54%.

AES 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.