UniSuper Management Pty Ltd Boosts Stock Holdings in The AES Co. (NYSE:AES)

UniSuper Management Pty Ltd grew its holdings in shares of The AES Co. (NYSE:AES) by 51.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 139,902 shares of the utilities provider’s stock after purchasing an additional 47,517 shares during the period. UniSuper Management Pty Ltd’s holdings in AES were worth $1,801,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AES. Parametrica Management Ltd acquired a new stake in AES in the fourth quarter valued at $138,000. Signature Estate & Investment Advisors LLC lifted its stake in shares of AES by 11.4% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 14,082 shares of the utilities provider’s stock valued at $181,000 after purchasing an additional 1,436 shares during the period. EntryPoint Capital LLC boosted its holdings in AES by 58.9% during the fourth quarter. EntryPoint Capital LLC now owns 53,383 shares of the utilities provider’s stock worth $687,000 after buying an additional 19,784 shares in the last quarter. Sound Shore Management Inc. CT acquired a new position in AES during the fourth quarter worth about $69,083,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of AES during the 4th quarter valued at approximately $103,000. 93.13% of the stock is owned by hedge funds and other institutional investors.

AES Trading Down 0.1 %

Shares of AES opened at $12.42 on Monday. The AES Co. has a fifty-two week low of $9.88 and a fifty-two week high of $22.21. The stock has a fifty day moving average of $11.35 and a two-hundred day moving average of $13.81. 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 $8.84 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94.

AES (NYSE:AES) last released its earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.20. AES had a return on equity of 27.30% and a net margin of 8.34%. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the prior year, the business posted $0.73 earnings per share. As a group, analysts forecast that The AES Co. will post 1.93 EPS for the current year.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.176 dividend. The ex-dividend date is Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.67%. AES’s dividend payout ratio (DPR) is presently 29.54%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AES. Bank of America raised AES from an “underperform” rating to a “neutral” rating and raised their price objective for the company 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. HSBC began coverage on shares of AES in a research report on Friday, December 13th. They issued a “buy” rating and a $17.00 price objective on the stock. Barclays reduced their price target 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, Susquehanna dropped their price objective on shares of AES from $16.00 to $15.00 and set a “positive” rating for the company in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.63.

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.