The AES Co. (NYSE:AES) Shares Bought by Norden Group LLC

Norden Group LLC raised its holdings in The AES Co. (NYSE:AES) by 19.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 59,447 shares of the utilities provider’s stock after acquiring an additional 9,618 shares during the period. Norden Group LLC’s holdings in AES were worth $765,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. State Street Corp raised its holdings in AES by 18.2% in the 3rd quarter. State Street Corp now owns 38,651,752 shares of the utilities provider’s stock valued at $775,354,000 after acquiring an additional 5,960,546 shares during the last quarter. Geode Capital Management LLC raised its holdings in AES by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 16,513,917 shares of the utilities provider’s stock valued at $330,125,000 after acquiring an additional 181,975 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in AES by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,694,239 shares of the utilities provider’s stock valued at $134,286,000 after acquiring an additional 82,956 shares during the last quarter. M&G PLC raised its holdings in AES by 12.7% in the 3rd quarter. M&G PLC now owns 6,511,760 shares of the utilities provider’s stock valued at $130,235,000 after acquiring an additional 732,457 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of AES by 5.5% during the 4th quarter. Bank of New York Mellon Corp now owns 4,756,831 shares of the utilities provider’s stock valued at $61,220,000 after buying an additional 249,486 shares during the period. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Stock Performance

NYSE:AES opened at $11.18 on Tuesday. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The firm has a 50-day moving average of $11.51 and a two-hundred day moving average of $14.52. The stock has a market cap of $7.95 billion, a P/E ratio of 7.76, a PEG 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 (NYSE:AES) last posted its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.20. The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.07 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. During the same period in the prior year, the company posted $0.73 EPS. On average, research analysts expect that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.176 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a yield of 6.30%. AES’s payout ratio is currently 48.61%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AES shares. Bank of America started coverage on shares of AES in a research note on Monday, November 25th. They set an “underperform” rating and a $11.00 price objective for the company. Hsbc Global Res raised shares of AES to a “strong-buy” rating in a research note on Friday, December 13th. Barclays lowered their price objective on shares of AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Mizuho lowered their price objective on shares of AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. Finally, Susquehanna lowered their price objective on shares of AES from $24.00 to $21.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, AES presently has an average rating of “Moderate Buy” and an average price target of $18.80.

AES Company 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.