Union Bancaire Privee UBP SA Purchases New Holdings in The AES Co. (NYSE:AES)

Union Bancaire Privee UBP SA purchased a new stake in The AES Co. (NYSE:AES) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 132,193 shares of the utilities provider’s stock, valued at approximately $1,593,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AES. State Street Corp raised its stake in AES by 18.2% during the third quarter. State Street Corp now owns 38,651,752 shares of the utilities provider’s stock valued at $775,354,000 after buying an additional 5,960,546 shares in the last quarter. Two Sigma Advisers LP raised its stake in AES by 30.3% during the third quarter. Two Sigma Advisers LP now owns 3,838,500 shares of the utilities provider’s stock valued at $77,000,000 after buying an additional 892,500 shares in the last quarter. Bridgewater Associates LP acquired a new stake in AES during the third quarter valued at approximately $17,390,000. M&G PLC raised its stake in AES by 12.7% during the third quarter. M&G PLC now owns 6,511,760 shares of the utilities provider’s stock valued at $130,235,000 after buying an additional 732,457 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in AES by 53.0% during the third quarter. HighTower Advisors LLC now owns 1,596,850 shares of the utilities provider’s stock valued at $32,031,000 after buying an additional 553,311 shares in the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Stock Performance

Shares of AES stock opened at $10.56 on Monday. The AES Co. has a 12-month low of $9.88 and a 12-month high of $22.21. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 7.33, a price-to-earnings-growth ratio of 0.83 and a beta of 0.99. The business has a 50 day simple moving average of $11.70 and a 200 day simple moving average of $14.72. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80.

AES Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 6.67%. AES’s dividend payout ratio (DPR) is 48.61%.

Wall Street Analysts Forecast Growth

AES has been the topic of several research reports. HSBC initiated coverage on AES in a research note on Friday, December 13th. They set a “buy” rating and a $17.00 price objective on the stock. 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. Mizuho dropped their price target on AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, November 21st. Susquehanna dropped their price target on AES from $24.00 to $21.00 and set a “positive” rating on the stock in a research report on Tuesday, November 5th. Finally, Bank of America began coverage on AES in a research report on Monday, November 25th. They set an “underperform” rating and a $11.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.80.

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.