Nissay Asset Management Corp Japan ADV Purchases 1,382 Shares of The AES Co. (NYSE:AES)

Nissay Asset Management Corp Japan ADV grew its position in shares of The AES Co. (NYSE:AES) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,866 shares of the utilities provider’s stock after buying an additional 1,382 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in AES were worth $1,095,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of AES. FMR LLC lifted its position in shares of AES by 19.5% during the 4th quarter. FMR LLC now owns 49,173,626 shares of the utilities provider’s stock worth $632,865,000 after buying an additional 8,027,426 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of AES by 35.7% during the 4th quarter. Ameriprise Financial Inc. now owns 28,571,119 shares of the utilities provider’s stock worth $367,499,000 after buying an additional 7,519,129 shares in the last quarter. Invesco Ltd. raised its holdings in shares of AES by 64.2% in the 4th quarter. Invesco Ltd. now owns 15,948,807 shares of the utilities provider’s stock worth $205,261,000 after purchasing an additional 6,238,087 shares during the period. Sound Shore Management Inc. CT bought a new stake in shares of AES in the 4th quarter worth approximately $69,083,000. Finally, Empyrean Capital Partners LP bought a new stake in shares of AES in the 4th quarter worth approximately $48,327,000. Institutional investors own 93.13% of the company’s stock.

Analyst Ratings Changes

AES has been the topic of a number of research reports. HSBC lowered their price target on shares of AES from $15.00 to $14.00 in a report on Monday, May 5th. Citigroup lowered their price target on shares of AES from $23.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Wells Fargo & Company lifted their price target on shares of AES from $108.00 to $112.00 in a report on Friday, May 2nd. JPMorgan Chase & Co. lowered their price target on shares of AES from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Finally, Barclays lowered 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $24.33.

AES Stock Down 1.7%

AES stock opened at $12.19 on Monday. The AES Co. has a 1-year low of $9.57 and a 1-year high of $22.21. The firm has a market capitalization of $8.68 billion, a price-to-earnings ratio of 8.46, a P/E/G ratio of 0.82 and a beta of 0.94. 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 simple moving average of $11.29 and a 200 day simple moving average of $11.92.

AES (NYSE:AES) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.10). The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.13 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. On average, analysts predict that The AES Co. will post 1.93 earnings per share for the current year.

AES Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a dividend of $0.176 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.78%. AES’s dividend payout ratio (DPR) is currently 38.04%.

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.