Invesco Ltd. Increases Stock Position in The AES Co. (NYSE:AES)

Invesco Ltd. grew its position in The AES Co. (NYSE:AES) by 64.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,948,807 shares of the utilities provider’s stock after acquiring an additional 6,238,087 shares during the period. Invesco Ltd. owned about 2.24% of AES worth $205,261,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Stifel Financial Corp boosted its position in AES by 3.0% during the third quarter. Stifel Financial Corp now owns 288,647 shares of the utilities provider’s stock worth $5,790,000 after purchasing an additional 8,294 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in shares of AES during the 3rd quarter valued at approximately $567,000. MML Investors Services LLC increased its holdings in AES by 87.1% in the 3rd quarter. MML Investors Services LLC now owns 136,342 shares of the utilities provider’s stock worth $2,735,000 after acquiring an additional 63,457 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in AES by 10.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 220,964 shares of the utilities provider’s stock worth $4,433,000 after acquiring an additional 20,545 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of AES by 1.1% in the third quarter. Geode Capital Management LLC now owns 16,513,917 shares of the utilities provider’s stock valued at $330,125,000 after purchasing an additional 181,975 shares during the period. 93.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AES has been the topic of a number of research reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $10.00 price target (down from $15.00) on shares of AES in a research note on Thursday. Barclays lowered their price target on AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Seaport Res Ptn downgraded AES from a “hold” rating to a “strong sell” rating in a research note on Monday, March 3rd. Hsbc Global Res raised shares of AES to a “strong-buy” rating in a report on Friday, December 13th. Finally, HSBC began coverage on shares of AES in a research note on Friday, December 13th. They issued a “buy” rating and a $17.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, AES presently has a consensus rating of “Moderate Buy” and an average target price of $13.67.

AES Trading Down 0.0 %

Shares of AES opened at $10.30 on Friday. The firm has a market capitalization of $7.33 billion, a P/E ratio of 7.15, a P/E/G ratio of 0.82 and a beta of 0.81. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The firm has a 50-day moving average price of $11.33 and a 200 day moving average price of $13.23. The AES Co. has a 12-month low of $9.88 and a 12-month high of $22.21.

AES (NYSE:AES) last announced 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 net margin of 8.34% and a return on equity of 27.30%. The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the firm posted $0.73 earnings per share. Sell-side analysts forecast that The AES Co. will post 1.93 EPS for the current year.

AES Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.84%. The ex-dividend date of this dividend is Thursday, May 1st. AES’s dividend payout ratio is presently 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.