Cibc World Markets Corp Grows Stock Position in The AES Co. (NYSE:AES)

Cibc World Markets Corp grew its position in shares of The AES Co. (NYSE:AES) by 16.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 112,178 shares of the utilities provider’s stock after purchasing an additional 15,698 shares during the quarter. Cibc World Markets Corp’s holdings in AES were worth $1,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in AES. Millburn Ridgefield Corp purchased a new stake in AES during the third quarter valued at about $28,000. SRS Capital Advisors Inc. boosted its holdings in AES by 190.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock worth $31,000 after buying an additional 1,581 shares during the period. WR Wealth Planners LLC grew its stake in AES by 93.3% in the 4th quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock valued at $37,000 after buying an additional 1,369 shares in the last quarter. Brooklyn Investment Group bought a new stake in AES during the 3rd quarter valued at $63,000. Finally, AlphaQuest LLC boosted its holdings in shares of AES by 18,047.1% in 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 period. Institutional investors own 93.13% of the company’s stock.

AES Price Performance

Shares of AES stock opened at $13.07 on Friday. The business’s 50-day moving average price is $11.28 and its 200-day moving average price is $13.99. The firm has a market capitalization of $9.30 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94. The AES Co. has a 12 month low of $9.88 and a 12 month high of $22.21. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21.

AES (NYSE:AES) last posted its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 EPS for the quarter, topping 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 firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period last year, the firm posted $0.73 earnings per share. Sell-side analysts forecast that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.176 dividend. The ex-dividend date is Thursday, May 1st. This represents a $0.70 annualized dividend and a dividend yield of 5.39%. AES’s dividend payout ratio is currently 29.54%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AES shares. Barclays decreased their price objective on AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Mizuho cut 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, March 4th. Susquehanna decreased 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. Hsbc Global Res upgraded shares of AES to a “strong-buy” rating in a research report on Friday, December 13th. Finally, Bank of America upgraded 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, AES has an average rating of “Moderate Buy” and a consensus price target of $18.30.

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.