The AES Co. (NYSE:AES) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its position in The AES Co. (NYSE:AES) by 36.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 369,324 shares of the utilities provider’s stock after purchasing an additional 98,234 shares during the period. Intech Investment Management LLC owned about 0.05% of AES worth $4,753,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Stephens Inc. AR lifted its position in AES by 67.1% in the fourth quarter. Stephens Inc. AR now owns 332,012 shares of the utilities provider’s stock valued at $4,273,000 after purchasing an additional 133,308 shares during the period. UMB Bank n.a. lifted its position in shares of AES by 5,143.7% during the 4th quarter. UMB Bank n.a. now owns 76,977 shares of the utilities provider’s stock valued at $991,000 after acquiring an additional 75,509 shares during the period. Rock Point Advisors LLC lifted its position in shares of AES by 34.6% during the 3rd quarter. Rock Point Advisors LLC now owns 760,775 shares of the utilities provider’s stock valued at $15,261,000 after acquiring an additional 195,460 shares during the period. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in shares of AES during the 4th quarter valued at approximately $489,000. Finally, Leibman Financial Services Inc. acquired a new stake in shares of AES during the 4th quarter valued at approximately $2,375,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

Wall Street Analysts Forecast Growth

AES has been the subject of several research reports. Susquehanna cut 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. HSBC initiated coverage on AES in a research report on Friday, December 13th. They set a “buy” rating and a $17.00 price objective for the company. Hsbc Global Res upgraded AES to a “strong-buy” rating in a research report on Friday, December 13th. Bank of America upgraded AES from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $11.00 to $13.00 in a research report on Tuesday, March 4th. Finally, Seaport Res Ptn downgraded AES from a “hold” rating to a “strong sell” rating in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, AES presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.30.

AES Stock Down 1.2 %

AES stock opened at $12.90 on Wednesday. The AES Co. has a one year low of $9.88 and a one year high of $22.21. The company has a 50 day moving average price of $11.23 and a two-hundred day moving average price of $14.03. The stock has a market capitalization of $9.18 billion, a P/E ratio of 8.95, a PEG ratio of 0.82 and a beta of 0.94. 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 announced its quarterly earnings data 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. 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 analysts’ expectations of $3.07 billion. During the same period in the previous year, the company earned $0.73 EPS. As a group, sell-side analysts expect that The AES Co. will post 1.93 EPS for the current year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.176 per share. The ex-dividend date is Thursday, May 1st. This represents a $0.70 annualized dividend and a dividend yield of 5.46%. AES’s dividend payout ratio is presently 29.54%.

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.