Healthcare of Ontario Pension Plan Trust Fund Sells 16,334 Shares of The AES Co. (NYSE:AES)

Healthcare of Ontario Pension Plan Trust Fund lowered its stake in shares of The AES Co. (NYSE:AES) by 35.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,401 shares of the utilities provider’s stock after selling 16,334 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in AES were worth $590,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cetera Advisors LLC grew its holdings in AES by 77.8% during the 1st quarter. Cetera Advisors LLC now owns 18,045 shares of the utilities provider’s stock valued at $324,000 after buying an additional 7,897 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in AES by 6.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 40,871 shares of the utilities provider’s stock valued at $699,000 after acquiring an additional 2,327 shares in the last quarter. Mather Group LLC. increased its holdings in AES by 45.1% during the 2nd quarter. Mather Group LLC. now owns 6,001 shares of the utilities provider’s stock worth $108,000 after acquiring an additional 1,864 shares during the period. CWM LLC lifted its stake in AES by 2.4% in the 2nd quarter. CWM LLC now owns 27,122 shares of the utilities provider’s stock worth $477,000 after purchasing an additional 628 shares in the last quarter. Finally, Simplicity Wealth LLC grew its position in shares of AES by 23.1% during the 2nd quarter. Simplicity Wealth LLC now owns 225,000 shares of the utilities provider’s stock valued at $3,953,000 after purchasing an additional 42,177 shares in the last quarter. 93.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays lifted their price objective on AES from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Bank of America started coverage on AES in a report on Monday, November 25th. They set an “underperform” rating and a $11.00 price objective for the company. Susquehanna lowered their target price on shares of AES from $24.00 to $21.00 and set a “positive” rating on the stock in a research note on Tuesday, November 5th. Evercore ISI raised shares of AES to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, Mizuho lowered their price objective on shares of AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.22.

AES Price Performance

Shares of AES stock opened at $13.01 on Tuesday. The stock has a market capitalization of $9.25 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 0.68 and a beta of 1.10. The company has a fifty day moving average of $16.24 and a 200-day moving average of $17.63. The AES Co. has a 52-week low of $12.53 and a 52-week high of $22.21. 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 released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.60 by $0.11. AES had a return on equity of 27.30% and a net margin of 8.34%. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the previous year, the business earned $0.60 earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis. Equities research analysts expect that The AES Co. will post 1.95 EPS for the current year.

AES Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 5.30%. The ex-dividend date was Friday, November 1st. AES’s payout ratio is 47.92%.

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.