The AES Co. (NYSE:AES) Shares Bought by Zimmer Partners LP

Zimmer Partners LP grew its stake in shares of The AES Co. (NYSE:AES) by 8,650.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,750,000 shares of the utilities provider’s stock after purchasing an additional 1,730,000 shares during the quarter. Zimmer Partners LP’s holdings in AES were worth $22,522,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Optiver Holding B.V. increased its holdings in shares of AES by 79.5% in the 4th quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 1,201 shares during the period. WR Wealth Planners LLC increased its holdings 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 acquiring an additional 1,369 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in shares of AES by 1.6% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 85,866 shares of the utilities provider’s stock valued at $1,095,000 after acquiring an additional 1,382 shares during the period. Signature Estate & Investment Advisors LLC increased its holdings in shares of AES by 11.4% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 14,082 shares of the utilities provider’s stock valued at $181,000 after acquiring an additional 1,436 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of AES by 22.4% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 8,472 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 1,551 shares during the period. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Price Performance

Shares of NYSE AES opened at $11.71 on Tuesday. The firm has a market capitalization of $8.34 billion, a P/E ratio of 8.13, a PEG ratio of 0.82 and a beta of 0.94. The AES Co. has a one year low of $9.57 and a one year high of $22.21. The company’s fifty day moving average is $11.29 and its two-hundred day moving average is $11.90. 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 issued its earnings results on Thursday, May 1st. The utilities provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.10). The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.13 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. AES’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Analysts forecast that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a dividend of $0.176 per share. The ex-dividend date was Thursday, May 1st. This represents a $0.70 annualized dividend and a dividend yield of 6.01%. AES’s payout ratio is currently 38.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AES shares. HSBC cut their target price on shares of AES from $15.00 to $14.00 in a report on Monday, May 5th. Bank of America raised shares of AES from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $11.00 to $13.00 in a report on Tuesday, March 4th. JPMorgan Chase & Co. lowered their price objective on shares of AES from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Jefferies Financial Group reiterated a “hold” rating and issued a $10.00 price objective (down from $15.00) on shares of AES in a research report on Thursday, April 10th. Finally, Susquehanna lowered their price objective on shares of AES from $16.00 to $15.00 and set a “positive” rating on the stock in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, AES presently has a consensus rating of “Moderate Buy” and an average price target of $24.33.

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.