The AES Co. (NYSE:AES) Shares Sold by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. lessened its holdings in The AES Co. (NYSE:AES) by 11.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 222,853 shares of the utilities provider’s stock after selling 28,967 shares during the quarter. Edgemoor Investment Advisors Inc.’s holdings in AES were worth $2,868,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AES. Sumitomo Mitsui Trust Group Inc. boosted its holdings in AES by 3.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,596,000 shares of the utilities provider’s stock worth $32,016,000 after acquiring an additional 59,735 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in AES by 8.4% in the third quarter. CIBC Asset Management Inc now owns 104,521 shares of the utilities provider’s stock worth $2,097,000 after acquiring an additional 8,061 shares in the last quarter. Empowered Funds LLC boosted its holdings in AES by 8.0% in the third quarter. Empowered Funds LLC now owns 11,179 shares of the utilities provider’s stock worth $224,000 after acquiring an additional 830 shares in the last quarter. Frazier Financial Advisors LLC boosted its holdings in AES by 160.3% in the third quarter. Frazier Financial Advisors LLC now owns 6,983 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 4,300 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of AES by 664.7% in the third quarter. Thrivent Financial for Lutherans now owns 219,270 shares of the utilities provider’s stock worth $4,398,000 after purchasing an additional 190,596 shares during the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Stock Up 0.3 %

Shares of AES opened at $12.32 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The AES Co. has a 12 month low of $9.88 and a 12 month high of $22.21. The stock’s 50 day moving average is $11.23 and its two-hundred day moving average is $14.09. The firm has a market cap of $8.76 billion, a P/E ratio of 8.55, a PEG ratio of 0.82 and a beta of 0.94.

AES (NYSE:AES) last issued its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.54 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $3.07 billion. During the same period last year, the company earned $0.73 earnings per share. Analysts predict that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders 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 dividend yield of 5.71%. The ex-dividend date is Thursday, May 1st. AES’s dividend payout ratio is presently 29.54%.

Wall Street Analyst Weigh In

AES has been the subject of several research analyst reports. Barclays reduced their price objective on AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Susquehanna reduced their price objective on AES from $16.00 to $15.00 and set a “positive” rating for the company in a research note on Wednesday, March 5th. Mizuho reduced their price objective on AES from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, March 4th. Hsbc Global Res upgraded AES to a “strong-buy” rating in a research note on Friday, December 13th. Finally, Bank of America upgraded AES from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $11.00 to $13.00 in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, AES has an average rating of “Moderate Buy” and an average target price of $18.30.

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.