The AES Co. (NYSE:AES) Shares Acquired by Norden Group LLC

Norden Group LLC grew its stake in The AES Co. (NYSE:AES) by 19.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,447 shares of the utilities provider’s stock after purchasing an additional 9,618 shares during the quarter. Norden Group LLC’s holdings in AES were worth $765,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AES. Millburn Ridgefield Corp acquired a new stake in shares of AES in the 3rd quarter valued at about $28,000. WR Wealth Planners LLC raised its stake in shares of AES by 93.3% in the 4th quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 1,369 shares in the last quarter. Brooklyn Investment Group acquired a new stake in AES during the third quarter worth about $63,000. Cape Investment Advisory Inc. raised its stake in AES by 39.1% during the fourth quarter. Cape Investment Advisory Inc. now owns 6,978 shares of the utilities provider’s stock worth $90,000 after acquiring an additional 1,961 shares during the period. Finally, Toth Financial Advisory Corp acquired a new stake in AES during the fourth quarter worth about $95,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Barclays dropped their price objective on shares of AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Bank of America assumed coverage on shares of AES in a research note on Monday, November 25th. They set an “underperform” rating and a $11.00 price objective on the stock. HSBC started coverage on shares of AES in a research note on Friday, December 13th. They set a “buy” rating and a $17.00 price objective on the stock. Hsbc Global Res upgraded shares of AES to a “strong-buy” rating in a research report on Friday, December 13th. Finally, Susquehanna decreased their target price on shares of AES from $24.00 to $21.00 and set a “positive” rating for the company in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.80.

AES Trading Down 3.5 %

AES stock opened at $11.18 on Tuesday. The firm has a 50 day simple moving average of $11.51 and a 200-day simple moving average of $14.52. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The stock has a market capitalization of $7.95 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 0.82 and a beta of 0.99. The AES Co. has a 12-month low of $9.88 and a 12-month high of $22.21.

AES (NYSE:AES) last posted its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.20. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.07 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. During the same period last year, the firm posted $0.73 earnings per share. As a group, equities research analysts expect that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.176 dividend. This represents a $0.70 annualized dividend and a dividend yield of 6.30%. The ex-dividend date is Thursday, May 1st. AES’s dividend payout ratio (DPR) is presently 48.61%.

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.