One Capital Management LLC Has $641,000 Position in The AES Co. (NYSE:AES)

One Capital Management LLC increased its position in The AES Co. (NYSE:AES) by 373.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,825 shares of the utilities provider’s stock after buying an additional 39,300 shares during the quarter. One Capital Management LLC’s holdings in AES were worth $641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC increased its position in AES by 8.0% during the 3rd quarter. Empowered Funds LLC now owns 11,179 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 830 shares during the period. OLD Second National Bank of Aurora grew its position in shares of AES by 1.0% during the 3rd quarter. OLD Second National Bank of Aurora now owns 84,624 shares of the utilities provider’s stock worth $1,698,000 after buying an additional 835 shares during the period. Live Oak Investment Partners grew its position in shares of AES by 3.9% during the 3rd quarter. Live Oak Investment Partners now owns 29,241 shares of the utilities provider’s stock worth $587,000 after buying an additional 1,104 shares during the period. Rockland Trust Co. grew its position in shares of AES by 7.4% during the 4th quarter. Rockland Trust Co. now owns 16,010 shares of the utilities provider’s stock worth $206,000 after buying an additional 1,110 shares during the period. Finally, Sanctuary Advisors LLC grew its position in shares of AES by 3.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 34,067 shares of the utilities provider’s stock worth $683,000 after buying an additional 1,141 shares during the period. 93.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on AES shares. Mizuho reduced their price objective on shares of AES from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday. HSBC began coverage on shares of AES in a research report on Friday, December 13th. They set a “buy” rating and a $17.00 price objective for the company. Hsbc Global Res raised shares of AES to a “strong-buy” rating in a research report on Friday, December 13th. Barclays reduced their price target on shares of AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Finally, Susquehanna reduced their price target on shares of AES from $16.00 to $15.00 and set a “positive” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.30.

AES Trading Up 3.3 %

NYSE AES opened at $11.23 on Friday. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 0.82 and a beta of 0.99. The AES Co. has a one year low of $9.88 and a one year high of $22.21. 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’s fifty day moving average is $11.35 and its 200-day moving average is $14.38.

AES (NYSE:AES) last released its earnings results on Friday, February 28th. The utilities provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.20. AES had a return on equity of 27.30% and a net margin of 8.34%. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the previous year, the business posted $0.73 EPS. Equities research analysts predict that The AES Co. will post 1.93 EPS for the current year.

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date of this dividend is Thursday, May 1st. AES’s dividend payout ratio is currently 29.54%.

AES 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.