Duff & Phelps Investment Management Co. Purchases 3,759 Shares of The AES Co. (NYSE:AES)

Duff & Phelps Investment Management Co. lifted its holdings in shares of The AES Co. (NYSE:AES) by 10.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,970 shares of the utilities provider’s stock after buying an additional 3,759 shares during the period. Duff & Phelps Investment Management Co.’s holdings in AES were worth $527,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Millburn Ridgefield Corp acquired a new position in shares of AES during the third quarter worth $28,000. SRS Capital Advisors Inc. grew its stake in AES by 190.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 1,581 shares during the period. WR Wealth Planners LLC increased its stake in shares of AES by 93.3% in the 4th quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 1,369 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of AES during the 3rd quarter worth about $63,000. Finally, AlphaQuest LLC increased its holdings 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 valued at $79,000 after acquiring an additional 6,136 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

Analyst Ratings Changes

AES has been the topic of several recent research reports. HSBC began coverage on shares of AES in a research report on Friday, December 13th. They issued a “buy” rating and a $17.00 price target on the stock. Susquehanna reduced 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. Hsbc Global Res upgraded shares of AES to a “strong-buy” rating in a research note on Friday, December 13th. Seaport Res Ptn lowered AES from a “hold” rating to a “strong sell” rating in a report on Monday, March 3rd. Finally, Barclays dropped their price target on AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, AES currently has an average rating of “Moderate Buy” and an average target price of $16.63.

AES Stock Performance

AES stock opened at $12.42 on Friday. The firm has a fifty day simple moving average of $11.35 and a two-hundred day simple moving average of $13.85. The AES Co. has a twelve month low of $9.88 and a twelve month high of $22.21. The company has a market capitalization of $8.84 billion, a PE ratio of 8.62, 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.

AES (NYSE:AES) last posted its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $3.07 billion. During the same period last year, the company earned $0.73 EPS. Research analysts expect that The AES Co. will post 1.93 EPS for the current year.

AES Announces Dividend

The company 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. The ex-dividend date is Thursday, May 1st. This represents a $0.70 annualized dividend and a yield of 5.67%. AES’s payout ratio 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.