Central Asset Investments & Management Holdings HK Ltd Acquires New Holdings in The AES Co. (NYSE:AES)

Central Asset Investments & Management Holdings HK Ltd bought a new position in The AES Co. (NYSE:AES) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 38,000 shares of the utilities provider’s stock, valued at approximately $489,000.

Several other hedge funds also recently modified their holdings of the business. 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 purchasing an additional 830 shares in the last quarter. OLD Second National Bank of Aurora boosted its stake 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 acquiring an additional 835 shares in the last quarter. Live Oak Investment Partners raised its stake in shares of AES by 3.9% in the 3rd quarter. Live Oak Investment Partners now owns 29,241 shares of the utilities provider’s stock valued at $587,000 after acquiring an additional 1,104 shares in the last quarter. Rockland Trust Co. lifted its holdings in AES by 7.4% in the 4th quarter. Rockland Trust Co. now owns 16,010 shares of the utilities provider’s stock worth $206,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its position in AES by 3.5% during the third quarter. Sanctuary Advisors LLC now owns 34,067 shares of the utilities provider’s stock worth $683,000 after purchasing an additional 1,141 shares during the period. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Stock Performance

AES opened at $10.88 on Thursday. The stock’s 50 day simple moving average is $11.58 and its 200-day simple moving average is $14.61. 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 stock has a market cap of $7.74 billion, a PE ratio of 7.56, a P/E/G ratio of 0.82 and a beta of 0.99. The AES Co. has a 1 year low of $9.88 and a 1 year high of $22.21.

AES Dividend Announcement

The firm also recently disclosed 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 6.47%. The ex-dividend date of this dividend is Thursday, May 1st. AES’s dividend payout ratio is 48.61%.

Analysts Set New Price Targets

AES has been the topic of a number of recent analyst reports. Hsbc Global Res raised shares of AES to a “strong-buy” rating in a research report on Friday, December 13th. Mizuho cut their target price on shares of AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, November 21st. Bank of America began coverage on AES in a research report on Monday, November 25th. They issued an “underperform” rating and a $11.00 price target on the stock. Barclays cut their price objective on 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 lowered their target price on AES from $24.00 to $21.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.80.

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.