Monarch Capital Management Inc. Has $1.35 Million Stock Position in The AES Co. (NYSE:AES)

Monarch Capital Management Inc. grew its holdings in The AES Co. (NYSE:AES) by 18.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,981 shares of the utilities provider’s stock after acquiring an additional 16,590 shares during the quarter. Monarch Capital Management Inc.’s holdings in AES were worth $1,351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of AES. Envestnet Asset Management Inc. grew its position in AES by 18.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,066,251 shares of the utilities provider’s stock worth $18,734,000 after purchasing an additional 168,348 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in AES by 16.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,132,744 shares of the utilities provider’s stock valued at $55,084,000 after acquiring an additional 444,252 shares during the period. Mutual of America Capital Management LLC lifted its position in shares of AES by 0.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 175,525 shares of the utilities provider’s stock worth $3,084,000 after acquiring an additional 1,186 shares during the period. Amalgamated Bank grew its holdings in shares of AES by 21.2% during the 2nd quarter. Amalgamated Bank now owns 218,983 shares of the utilities provider’s stock worth $3,848,000 after purchasing an additional 38,326 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of AES by 13.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 108,506 shares of the utilities provider’s stock valued at $1,906,000 after purchasing an additional 12,520 shares in the last quarter. Institutional investors own 93.13% of the company’s stock.

AES Price Performance

Shares of AES stock opened at $11.85 on Friday. The stock’s fifty day moving average is $12.99 and its 200-day moving average is $15.91. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The AES Co. has a 52 week low of $11.57 and a 52 week high of $22.21. The stock has a market capitalization of $8.42 billion, a PE ratio of 8.23, a PEG ratio of 0.59 and a beta of 1.00.

AES (NYSE:AES) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.11. AES had a net margin of 8.34% and a return on equity of 27.30%. The firm had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same quarter last year, the company posted $0.60 EPS. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities research analysts expect that The AES Co. will post 1.96 EPS for the current fiscal year.

AES Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 5.94%. This is a positive change from AES’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, January 31st. AES’s dividend payout ratio (DPR) is presently 47.92%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AES shares. Susquehanna decreased their price target on shares of AES from $24.00 to $21.00 and set a “positive” rating on the stock in a research note on Tuesday, November 5th. Hsbc Global Res raised shares of AES to a “strong-buy” rating in a research report on Friday, December 13th. Mizuho decreased their price objective on AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, November 21st. Barclays cut their target price on AES from $23.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, December 13th. Finally, HSBC started coverage on AES in a research note on Friday, December 13th. They set a “buy” rating and a $17.00 price objective for the company. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, AES presently has an average rating of “Moderate Buy” and a consensus price target of $19.30.

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.