Kendall Capital Management bought a new stake in AES Corp (NYSE:AES) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 120,475 shares of the utilities provider’s stock, valued at approximately $1,305,000. AES comprises 1.2% of Kendall Capital Management’s portfolio, making the stock its 24th largest position.
A number of other institutional investors have also added to or reduced their stakes in the business. Brandywine Global Investment Management LLC grew its position in AES by 2.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 195,772 shares of the utilities provider’s stock valued at $2,121,000 after acquiring an additional 5,350 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in AES by 1.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 348,490 shares of the utilities provider’s stock valued at $3,773,000 after acquiring an additional 5,700 shares during the last quarter. Corient Capital Partners LLC grew its position in AES by 2.4% in the fourth quarter. Corient Capital Partners LLC now owns 277,605 shares of the utilities provider’s stock valued at $3,006,000 after acquiring an additional 6,543 shares during the last quarter. Jefferies Group LLC grew its position in AES by 2.3% in the fourth quarter. Jefferies Group LLC now owns 300,000 shares of the utilities provider’s stock valued at $3,249,000 after acquiring an additional 6,766 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its position in AES by 19.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 41,834 shares of the utilities provider’s stock valued at $453,000 after acquiring an additional 6,921 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.
A number of research analysts have issued reports on the company. ValuEngine upgraded AES from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. SunTrust Banks set a $14.00 target price on AES and gave the company a “buy” rating in a research report on Monday, February 12th. UBS Group initiated coverage on AES in a research report on Friday, February 2nd. They issued a “neutral” rating and a $12.00 target price on the stock. Morgan Stanley cut their price target on AES from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research note on Wednesday, December 13th. Finally, Bank of America raised AES from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $12.42.
Shares of AES Corp (AES) opened at $10.85 on Friday. AES Corp has a 12 month low of $9.86 and a 12 month high of $12.05. The company has a market capitalization of $7,166.34, a PE ratio of -6.16, a PEG ratio of 1.14 and a beta of 1.26. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.97 and a current ratio of 1.06.
AES (NYSE:AES) last announced its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.11. AES had a positive return on equity of 16.52% and a negative net margin of 8.77%. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. sell-side analysts anticipate that AES Corp will post 1.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.79%. This is a positive change from AES’s previous quarterly dividend of $0.12. The ex-dividend date was Wednesday, January 31st. AES’s dividend payout ratio (DPR) is presently -29.55%.
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The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.
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