The AES Co. (NYSE:AES) Shares Sold by Capital International Inc. CA

Capital International Inc. CA trimmed its stake in The AES Co. (NYSE:AES) by 11.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 427,160 shares of the utilities provider’s stock after selling 53,793 shares during the quarter. Capital International Inc. CA’s holdings in AES were worth $5,498,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AES. FMR LLC raised its holdings in AES by 19.5% during the 4th quarter. FMR LLC now owns 49,173,626 shares of the utilities provider’s stock worth $632,865,000 after buying an additional 8,027,426 shares during the period. Invesco Ltd. lifted its position in shares of AES by 64.2% in the 4th quarter. Invesco Ltd. now owns 15,948,807 shares of the utilities provider’s stock valued at $205,261,000 after acquiring an additional 6,238,087 shares in the last quarter. Sound Shore Management Inc. CT acquired a new position in AES in the 4th quarter worth approximately $69,083,000. Raymond James Financial Inc. purchased a new position in AES during the 4th quarter worth approximately $33,964,000. Finally, Dimensional Fund Advisors LP raised its stake in AES by 32.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,301,147 shares of the utilities provider’s stock valued at $55,350,000 after purchasing an additional 1,062,074 shares during the period. 93.13% of the stock is owned by hedge funds and other institutional investors.

AES Trading Up 2.1 %

Shares of NYSE:AES opened at $10.17 on Friday. The AES Co. has a 1 year low of $9.86 and a 1 year high of $22.21. The firm has a fifty day moving average price of $11.30 and a 200 day moving average price of $12.89. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The stock has a market capitalization of $7.24 billion, a PE ratio of 7.06, a P/E/G ratio of 0.82 and a beta of 0.81.

AES (NYSE:AES) last announced its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.34 by $0.20. The company 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 company posted $0.73 earnings per share. Analysts expect that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Announces Dividend

The firm 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 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 6.92%. AES’s payout ratio is 29.54%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AES. Seaport Res Ptn lowered AES from a “hold” rating to a “strong sell” rating in a research report on Monday, March 3rd. Bank of America upgraded AES from an “underperform” rating to a “neutral” rating and upped their target price for the company from $11.00 to $13.00 in a report on Tuesday, March 4th. Barclays lowered their price objective on shares of AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Susquehanna cut their target price 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. Finally, Mizuho dropped their price target on shares of AES from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.