Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.95 Million Stock Position in The AES Co. (NYSE:AES)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in The AES Co. (NYSE:AES) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 151,186 shares of the utilities provider’s stock after selling 3,575 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in AES were worth $1,946,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Millburn Ridgefield Corp acquired a new position in shares of AES in the 3rd quarter valued at $28,000. SRS Capital Advisors Inc. grew its stake in AES by 190.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 1,581 shares during the period. WR Wealth Planners LLC raised its position in shares of AES by 93.3% during the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 1,369 shares during the period. Brooklyn Investment Group bought a new position in shares of AES during the 3rd quarter valued at about $63,000. Finally, AlphaQuest LLC grew its position in shares of AES by 18,047.1% in the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider’s stock valued at $79,000 after purchasing an additional 6,136 shares during the period. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Trading Down 1.6 %

Shares of AES stock opened at $12.67 on Wednesday. The AES Co. has a 12-month low of $9.88 and a 12-month high of $22.21. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The business’s 50 day moving average is $11.32 and its 200-day moving average is $13.90. The stock has a market cap of $9.02 billion, a P/E ratio of 8.80, a P/E/G ratio of 0.82 and a beta of 0.94.

AES (NYSE:AES) last issued its earnings results 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. AES had a net margin of 8.34% and a return on equity of 27.30%. The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period last year, the business posted $0.73 EPS. Equities research analysts predict that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.176 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.70 annualized dividend and a dividend yield of 5.55%. AES’s dividend payout ratio is currently 29.54%.

Wall Street Analyst Weigh In

AES has been the subject of several research analyst reports. Bank of America upgraded shares of AES from an “underperform” rating to a “neutral” rating and upped their price target for the company from $11.00 to $13.00 in a report on Tuesday, March 4th. Seaport Res Ptn lowered shares of AES from a “hold” rating to a “strong sell” rating in a research note on Monday, March 3rd. Mizuho dropped their price target on AES from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. Susquehanna decreased their price objective on AES from $16.00 to $15.00 and set a “positive” rating for the company in a report on Wednesday, March 5th. Finally, HSBC initiated coverage on AES in a research note on Friday, December 13th. They issued a “buy” rating and a $17.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.56.

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.