Invesco Ltd. Increases Stock Position in The AES Co. (NYSE:AES)

Invesco Ltd. increased its holdings in shares of The AES Co. (NYSE:AES) by 64.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,948,807 shares of the utilities provider’s stock after purchasing an additional 6,238,087 shares during the period. Invesco Ltd.’s holdings in AES were worth $205,261,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SRS Capital Advisors Inc. increased its position in AES by 190.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 1,581 shares during the period. WR Wealth Planners LLC increased its holdings in shares of AES by 93.3% in the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 1,369 shares during the period. AlphaQuest LLC raised its stake in shares of 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. EverSource Wealth Advisors LLC lifted its holdings in shares of AES by 95.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,295 shares of the utilities provider’s stock worth $81,000 after purchasing an additional 3,080 shares during the period. Finally, Cape Investment Advisory Inc. grew its position in AES by 39.1% in the 4th quarter. Cape Investment Advisory Inc. now owns 6,978 shares of the utilities provider’s stock valued at $90,000 after buying an additional 1,961 shares during the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.

AES Trading Down 0.0 %

Shares of AES stock opened at $10.30 on Friday. The stock has a market cap of $7.33 billion, a P/E ratio of 7.15, a P/E/G ratio of 0.82 and a beta of 0.81. 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 AES Co. has a fifty-two week low of $9.88 and a fifty-two week high of $22.21. The business has a fifty day simple moving average of $11.33 and a 200-day simple moving average of $13.23.

AES (NYSE:AES) last posted its earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share 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 firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period last year, the firm posted $0.73 EPS. On average, analysts forecast that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a yield of 6.84%. The ex-dividend date is Thursday, May 1st. AES’s payout ratio is 29.54%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. HSBC started coverage on shares of AES in a research note on Friday, December 13th. They set a “buy” rating and a $17.00 price target on the stock. Jefferies Financial Group reissued a “hold” rating and set a $10.00 target price (down from $15.00) on shares of AES in a research note on Thursday. Susquehanna decreased their price target on AES from $16.00 to $15.00 and set a “positive” rating on the stock in a research note on Wednesday, March 5th. Bank of America raised AES from an “underperform” rating to a “neutral” rating and raised their target price for the company from $11.00 to $13.00 in a report on Tuesday, March 4th. Finally, Seaport Res Ptn downgraded shares of AES from a “hold” rating to a “strong sell” rating in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.67.

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.