The AES Co. (NYSE:AES) Shares Sold by Lingohr Asset Management GmbH

Lingohr Asset Management GmbH cut its stake in The AES Co. (NYSE:AES) by 43.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,089 shares of the utilities provider’s stock after selling 20,374 shares during the period. Lingohr Asset Management GmbH’s holdings in AES were worth $325,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AES. Stephens Inc. AR raised its position in AES by 67.1% in the 4th 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 in the last quarter. UMB Bank n.a. raised its position in AES by 5,143.7% in the 4th quarter. UMB Bank n.a. now owns 76,977 shares of the utilities provider’s stock valued at $991,000 after purchasing an additional 75,509 shares in the last quarter. Rock Point Advisors LLC raised its position in AES by 34.6% in the 3rd quarter. Rock Point Advisors LLC now owns 760,775 shares of the utilities provider’s stock valued at $15,261,000 after purchasing an additional 195,460 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in AES in the 4th quarter valued at about $489,000. Finally, Leibman Financial Services Inc. acquired a new stake in AES in the 4th quarter valued at about $2,375,000. Hedge funds and other institutional investors own 93.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Hsbc Global Res raised AES to a “strong-buy” rating in a research report on Friday, December 13th. Bank of America raised AES from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $11.00 to $13.00 in a research report on Tuesday, March 4th. Seaport Res Ptn lowered AES from a “hold” rating to a “strong sell” rating in a research report on Monday, March 3rd. HSBC began coverage on AES in a research report on Friday, December 13th. They set a “buy” rating and a $17.00 target price on the stock. Finally, Susquehanna cut their target price on AES from $16.00 to $15.00 and set a “positive” rating on the stock in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, AES has a consensus rating of “Moderate Buy” and an average price target of $18.30.

AES Trading Up 0.4 %

NYSE:AES opened at $12.98 on Thursday. The stock’s 50 day moving average price is $11.24 and its 200 day moving average price is $14.03. The company has a market capitalization of $9.24 billion, a PE ratio of 9.01, a P/E/G ratio of 0.82 and a beta of 0.94. 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 52-week low of $9.88 and a 52-week high of $22.21.

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, topping analysts’ consensus estimates of $0.34 by $0.20. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.07 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. During the same quarter last year, the business posted $0.73 EPS. On average, research analysts anticipate that The AES Co. will post 1.93 EPS for the current year.

AES Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.176 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.70 annualized dividend and a dividend yield of 5.42%. AES’s dividend payout ratio (DPR) is currently 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.