one8zero8 LLC purchased a new position in shares of The AES Co. (NYSE:AES – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,245 shares of the utilities provider’s stock, valued at approximately $235,000.
Other large investors have also made changes to their positions in the company. Millburn Ridgefield Corp acquired a new position in AES during the third quarter worth about $28,000. SRS Capital Advisors Inc. boosted its stake 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 acquiring an additional 1,581 shares in the last quarter. WR Wealth Planners LLC grew 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 worth $37,000 after acquiring an additional 1,369 shares during the period. Brooklyn Investment Group purchased a new position in AES in the 3rd quarter valued at approximately $63,000. Finally, AlphaQuest LLC raised its holdings in AES by 18,047.1% during the fourth quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider’s stock worth $79,000 after purchasing an additional 6,136 shares during the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.
AES Stock Performance
AES stock opened at $12.32 on Monday. The stock’s 50-day moving average is $11.23 and its 200-day moving average is $14.09. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 8.55, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94. The AES Co. has a 12 month low of $9.88 and a 12 month high of $22.21. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80.
AES Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a yield of 5.71%. The ex-dividend date is Thursday, May 1st. AES’s dividend payout ratio (DPR) is 29.54%.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on AES shares. Bank of America upgraded AES from an “underperform” rating to a “neutral” rating and raised their price target for the company from $11.00 to $13.00 in a research report on Tuesday, March 4th. Seaport Res Ptn downgraded shares of AES from a “hold” rating to a “strong sell” rating in a report on Monday, March 3rd. Barclays dropped their price objective on shares of AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Mizuho reduced their target price on AES from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. Finally, Susquehanna dropped their price objective on AES from $16.00 to $15.00 and set a “positive” rating for the company in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.30.
Check Out Our Latest Analysis on AES
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.
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