Joel Isaacson & Co. LLC acquired a new stake in shares of The AES Co. (NYSE:AES – Get Rating) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,000 shares of the utilities provider’s stock, valued at approximately $201,000.
A number of other hedge funds have also recently bought and sold shares of the company. CI Investments Inc. boosted its holdings in AES by 2.0% during the third quarter. CI Investments Inc. now owns 18,395 shares of the utilities provider’s stock worth $416,000 after purchasing an additional 366 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of AES by 2.0% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,959 shares of the utilities provider’s stock valued at $545,000 after acquiring an additional 378 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in AES by 0.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 50,177 shares of the utilities provider’s stock worth $1,443,000 after acquiring an additional 401 shares during the period. IFP Advisors Inc boosted its position in AES by 9.3% in the third quarter. IFP Advisors Inc now owns 4,863 shares of the utilities provider’s stock worth $74,000 after purchasing an additional 414 shares during the last quarter. Finally, Kessler Investment Group LLC grew its stake in AES by 4.9% in the 3rd quarter. Kessler Investment Group LLC now owns 10,042 shares of the utilities provider’s stock valued at $227,000 after purchasing an additional 466 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
AES has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $32.00 price target on shares of AES in a report on Monday, March 6th. TheStreet downgraded shares of AES from a “b-” rating to a “c” rating in a research report on Monday, February 27th. Evercore ISI lifted their price target on shares of AES to $30.00 in a report on Monday, December 12th. Finally, StockNews.com started coverage on AES in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, AES has an average rating of “Moderate Buy” and a consensus target price of $31.00.
AES Price Performance
AES (NYSE:AES – Get Rating) last posted its earnings results on Monday, February 27th. The utilities provider reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. AES had a positive return on equity of 37.94% and a negative net margin of 3.99%. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the firm earned $0.45 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. As a group, equities research analysts forecast that The AES Co. will post 1.72 EPS for the current year.
AES Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Monday, May 1st will be issued a $0.1659 dividend. This represents a $0.66 annualized dividend and a yield of 2.72%. The ex-dividend date is Friday, April 28th. AES’s payout ratio is -75.86%.
AES Profile
The AES Corp. engages in the provision of power generation and utility services through its renewable and thermal generation facilities and distribution businesses. It operates through the following segments: U.S. and Utilities Strategic Business Unit (SBU), South America SBU, MCAC SBU, Eurasia SBU. The U.S.
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