one8zero8 LLC Buys Shares of 18,245 The AES Co. (NYSE:AES)

one8zero8 LLC purchased a new position in shares of The AES Co. (NYSE:AES) 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 (NYSE:AES) last announced its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.20. The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.07 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. During the same period in the prior year, the firm earned $0.73 EPS. Equities analysts anticipate 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 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.

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.