Mountain Hill Investment Partners Corp. Buys New Position in The AES Co. (NYSE:AES)

Mountain Hill Investment Partners Corp. purchased a new stake in The AES Co. (NYSE:AES) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,000 shares of the utilities provider’s stock, valued at approximately $103,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Millburn Ridgefield Corp bought a new position in AES during the third quarter worth $28,000. SRS Capital Advisors Inc. boosted its position in shares of AES by 190.3% during 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 in the last quarter. WR Wealth Planners LLC grew its stake in shares of AES by 93.3% in the 4th 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 during the period. Brooklyn Investment Group bought a new stake in AES in the 3rd quarter valued at about $63,000. Finally, AlphaQuest LLC raised its stake in AES by 18,047.1% during the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider’s stock worth $79,000 after buying an additional 6,136 shares during the period. 93.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AES shares. Hsbc Global Res upgraded AES to a “strong-buy” rating in a report on Friday, December 13th. Bank of America upgraded shares of AES from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $11.00 to $13.00 in a report on Tuesday, March 4th. Seaport Res Ptn lowered shares of AES from a “hold” rating to a “strong sell” rating in a research note on Monday, March 3rd. HSBC began coverage on shares of AES in a research report on Friday, December 13th. They set a “buy” rating and a $17.00 target price for the company. Finally, Mizuho cut their price target on AES from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.30.

AES Trading Down 0.7 %

NYSE:AES opened at $13.07 on Monday. The AES Co. has a 52 week low of $9.88 and a 52 week high of $22.21. The firm has a 50-day moving average price of $11.28 and a two-hundred day moving average price of $13.95. The firm has a market cap of $9.30 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85.

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

AES Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date of this dividend is Thursday, May 1st. AES’s dividend payout ratio is currently 29.54%.

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.