Capital International Sarl Sells 116,314 Shares of The AES Co. (NYSE:AES)

Capital International Sarl lessened its holdings in shares of The AES Co. (NYSE:AES) by 20.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 464,926 shares of the utilities provider’s stock after selling 116,314 shares during the period. Capital International Sarl’s holdings in AES were worth $5,984,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SRS Capital Advisors Inc. raised its stake in shares of AES by 190.3% in the fourth 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 during the last quarter. WR Wealth Planners LLC raised its position in 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 purchasing an additional 1,369 shares during the last quarter. Covestor Ltd lifted its holdings in AES by 601.5% during the 4th quarter. Covestor Ltd now owns 5,745 shares of the utilities provider’s stock worth $74,000 after buying an additional 4,926 shares in the last quarter. AlphaQuest LLC increased its stake in shares of AES by 18,047.1% in the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider’s stock valued at $79,000 after buying an additional 6,136 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position 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 acquiring an additional 3,080 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Price Performance

AES opened at $10.17 on Friday. The company has a fifty day simple moving average of $11.30 and a 200 day simple moving average of $12.93. 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 stock has a market cap of $7.24 billion, a P/E ratio of 7.06, a P/E/G ratio of 0.82 and a beta of 0.81. The AES Co. has a 12 month low of $9.86 and a 12 month high of $22.21.

AES (NYSE:AES) last released its quarterly earnings data 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 return on equity of 27.30% and a net margin of 8.34%. The business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the previous year, the business posted $0.73 EPS. On average, research analysts expect that The AES Co. will post 1.93 EPS for the current year.

AES Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date of this dividend is Thursday, May 1st. AES’s payout ratio is presently 29.54%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AES. 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. Susquehanna lowered their price target on shares of AES from $16.00 to $15.00 and set a “positive” rating for the company in a research report on Wednesday, March 5th. Seaport Res Ptn lowered shares of AES from a “hold” rating to a “strong sell” rating in a report on Monday, March 3rd. Barclays dropped their target price on shares of AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Finally, Mizuho decreased their price objective on AES from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $13.67.

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.