Securian Asset Management Inc. raised its holdings in The AES Co. (NYSE:AES – Get Rating) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,760 shares of the utilities provider’s stock after buying an additional 1,314 shares during the quarter. Securian Asset Management Inc.’s holdings in AES were worth $1,604,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of AES. SG Americas Securities LLC increased its position in AES by 180.9% during the fourth quarter. SG Americas Securities LLC now owns 76,307 shares of the utilities provider’s stock worth $2,195,000 after purchasing an additional 49,137 shares during the last quarter. Simplicity Solutions LLC acquired a new position in AES in the fourth quarter valued at $399,000. Miller Howard Investments Inc. NY increased its stake in AES by 1.3% during the fourth quarter. Miller Howard Investments Inc. NY now owns 201,361 shares of the utilities provider’s stock worth $5,791,000 after acquiring an additional 2,570 shares during the last quarter. Dfpg Investments LLC acquired a new position in shares of AES in the 4th quarter valued at about $487,000. Finally, Bank of Montreal Can raised its holdings in AES by 17.5% in the fourth quarter. Bank of Montreal Can now owns 1,258,886 shares of the utilities provider’s stock valued at $36,206,000 after buying an additional 187,244 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.
AES Stock Up 0.5 %
NYSE:AES opened at $24.00 on Monday. The stock has a 50-day simple moving average of $24.33 and a 200 day simple moving average of $26.11. The AES Co. has a one year low of $18.62 and a one year high of $29.89. The company has a market capitalization of $16.06 billion, a price-to-earnings ratio of -27.59, a price-to-earnings-growth ratio of 1.63 and a beta of 0.94. The company has a debt-to-equity ratio of 5.93, a quick ratio of 1.01 and a current ratio of 1.18.
AES Announces Dividend
The firm also recently announced 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. The ex-dividend date of this dividend is Friday, April 28th. This represents a $0.66 dividend on an annualized basis and a yield of 2.77%. AES’s dividend payout ratio is currently -75.86%.
Wall Street Analyst Weigh In
AES has been the topic of several recent research reports. TheStreet lowered shares of AES from a “b-” rating to a “c” rating in a report on Monday, February 27th. Morgan Stanley dropped their target price on AES from $32.00 to $31.00 and set an “overweight” rating on the stock in a report on Thursday. StockNews.com downgraded shares of AES from a “hold” rating to a “sell” rating in a research report on Friday. Royal Bank of Canada restated an “outperform” rating and issued a $32.00 target price on shares of AES in a research note on Monday, March 6th. Finally, Wolfe Research lowered shares of AES from an “outperform” rating to a “peer perform” rating in a report on Monday, April 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.90.
About AES
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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