Mountain Hill Investment Partners Corp. Takes $103,000 Position in The AES Co. (NYSE:AES)

Mountain Hill Investment Partners Corp. acquired a new position in The AES Co. (NYSE:AES) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 8,000 shares of the utilities provider’s stock, valued at approximately $103,000.

Other large investors have also recently modified their holdings of the company. State Street Corp lifted its stake in AES by 18.2% during the third quarter. State Street Corp now owns 38,651,752 shares of the utilities provider’s stock worth $775,354,000 after purchasing an additional 5,960,546 shares during the last quarter. Raymond James Financial Inc. bought a new stake in AES in the fourth quarter valued at $33,964,000. Two Sigma Advisers LP boosted its stake in shares of AES by 30.3% during the 3rd quarter. Two Sigma Advisers LP now owns 3,838,500 shares of the utilities provider’s stock valued at $77,000,000 after purchasing an additional 892,500 shares in the last quarter. Bridgewater Associates LP bought a new stake in AES during the 3rd quarter valued at approximately $17,390,000. Finally, HighTower Advisors LLC grew its stake in AES by 53.0% in the third quarter. HighTower Advisors LLC now owns 1,596,850 shares of the utilities provider’s stock worth $32,031,000 after purchasing an additional 553,311 shares during the period. Institutional investors own 93.13% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on AES. Hsbc Global Res raised shares of AES to a “strong-buy” rating in a research note on Friday, December 13th. Bank of America raised AES from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $11.00 to $13.00 in a research report on Tuesday, March 4th. Susquehanna lowered their price target on AES from $16.00 to $15.00 and set a “positive” rating on the stock in a report on Wednesday, March 5th. Mizuho dropped their price objective on shares of AES from $16.00 to $15.00 and set an “outperform” rating on the stock in a 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 assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, AES currently has an average rating of “Moderate Buy” and an average target price of $18.30.

AES Stock Down 0.7 %

Shares of AES stock opened at $13.07 on Monday. The AES Co. has a 52 week low of $9.88 and a 52 week high of $22.21. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The company’s fifty day simple moving average is $11.28 and its two-hundred day simple moving average is $13.95. The stock has a market cap of $9.30 billion, a P/E ratio of 9.07, a PEG ratio of 0.82 and a beta of 0.94.

AES (NYSE:AES) last released its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.20. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.07 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Analysts predict that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.176 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a yield of 5.39%. AES’s dividend payout ratio is presently 29.54%.

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.