NEOS Investment Management LLC Increases Stake in The AES Co. (NYSE:AES)

NEOS Investment Management LLC boosted its stake in The AES Co. (NYSE:AES) by 31.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,176 shares of the utilities provider’s stock after purchasing an additional 9,853 shares during the quarter. NEOS Investment Management LLC’s holdings in AES were worth $530,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millburn Ridgefield Corp acquired a new position in shares of AES in the 3rd quarter valued at $28,000. SRS Capital Advisors Inc. boosted its holdings 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 last quarter. WR Wealth Planners LLC grew its position in AES by 93.3% during the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 1,369 shares during the period. AlphaQuest LLC increased its stake in AES by 18,047.1% during the fourth quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider’s stock worth $79,000 after acquiring an additional 6,136 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of AES by 95.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,295 shares of the utilities provider’s stock worth $81,000 after purchasing an additional 3,080 shares during the period. Institutional investors and hedge funds own 93.13% of the company’s stock.

Analyst Ratings Changes

AES has been the subject of a number of research reports. Hsbc Global Res upgraded AES to a “strong-buy” rating in a report on Friday, December 13th. Bank of America raised shares of AES from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $11.00 to $13.00 in a research report on Tuesday, March 4th. Susquehanna reduced their target price on shares of AES from $16.00 to $15.00 and set a “positive” rating on the stock in a report on Wednesday, March 5th. Seaport Res Ptn downgraded AES from a “hold” rating to a “strong sell” rating in a report on Monday, March 3rd. Finally, Mizuho reduced their price objective on AES from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, AES currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.63.

AES Stock Down 0.1 %

Shares of AES stock opened at $12.42 on Monday. The AES Co. has a 1-year low of $9.88 and a 1-year high of $22.21. The company has a market capitalization of $8.84 billion, a PE ratio of 8.62, a P/E/G ratio of 0.82 and a beta of 0.94. 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 business has a 50-day moving average of $11.35 and a 200-day moving average of $13.81.

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, topping the consensus estimate of $0.34 by $0.20. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.07 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. During the same period in the previous year, the business earned $0.73 EPS. As a group, equities analysts forecast that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Announces Dividend

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 dividend of $0.176 per share. This represents a $0.70 annualized dividend and a yield of 5.67%. The ex-dividend date is Thursday, May 1st. AES’s dividend payout ratio is currently 29.54%.

About AES

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.