Wilmington Savings Fund Society FSB Raises Stock Position in The AES Co. (NYSE:AES)

Wilmington Savings Fund Society FSB lifted its stake in shares of The AES Co. (NYSE:AES) by 22.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,472 shares of the utilities provider’s stock after buying an additional 1,551 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in AES were worth $109,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Millburn Ridgefield Corp purchased a new stake in shares of AES during the 3rd quarter worth approximately $28,000. Cromwell Holdings LLC increased its holdings in shares of AES by 59.1% in the 3rd quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 640 shares during the period. Brooklyn Investment Group acquired a new position in shares of AES in the 3rd quarter valued at $63,000. Blue Trust Inc. increased its holdings in shares of AES by 69.3% in the 3rd quarter. Blue Trust Inc. now owns 3,688 shares of the utilities provider’s stock valued at $74,000 after acquiring an additional 1,509 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of AES in the 3rd quarter valued at $74,000. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Stock Performance

NYSE:AES opened at $10.14 on Friday. 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 AES Co. has a fifty-two week low of $9.90 and a fifty-two week high of $22.21. The stock has a market cap of $7.21 billion, a PE ratio of 7.04, a price-to-earnings-growth ratio of 0.84 and a beta of 0.99. The firm’s fifty day simple moving average is $12.08 and its 200-day simple moving average is $15.04.

AES Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.176 per share. The ex-dividend date is Friday, January 31st. This is a boost from AES’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.94%. AES’s dividend payout ratio is 48.61%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AES shares. Barclays cut their target price on shares of AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Susquehanna cut their target price on shares of AES from $24.00 to $21.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. Mizuho cut their target price on shares of AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, November 21st. HSBC initiated coverage on shares of AES in a research note on Friday, December 13th. They issued a “buy” rating and a $17.00 price objective on the stock. Finally, Hsbc Global Res raised shares of AES to a “strong-buy” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, AES currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.80.

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.