Massachusetts Financial Services Co. MA Has $95.17 Million Position in The AES Co. (NYSE:AES)

Massachusetts Financial Services Co. MA cut its position in The AES Co. (NYSE:AES) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,394,487 shares of the utilities provider’s stock after selling 23,724 shares during the period. Massachusetts Financial Services Co. MA’s holdings in AES were worth $95,167,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AES. SRS Capital Advisors Inc. grew its stake in AES by 190.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 1,581 shares during the period. WR Wealth Planners LLC grew its position in shares of 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 purchasing an additional 1,369 shares during the period. AlphaQuest LLC raised its holdings in AES by 18,047.1% during the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider’s stock worth $79,000 after buying an additional 6,136 shares during the period. EverSource Wealth Advisors LLC lifted its stake in AES by 95.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,295 shares of the utilities provider’s stock valued at $81,000 after buying an additional 3,080 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of AES in the third quarter valued at approximately $139,000. 93.13% of the stock is owned by institutional investors.

AES Price Performance

Shares of AES opened at $10.77 on Friday. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 7.48, a PEG ratio of 0.82 and a beta of 0.81. 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 company’s fifty day simple moving average is $11.39 and its 200 day simple moving average is $13.64. The AES Co. has a 1-year low of $9.88 and a 1-year high of $22.21.

AES (NYSE:AES) last issued its earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.20. The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.07 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. During the same period last year, the business posted $0.73 EPS. On average, research analysts forecast that The AES Co. will post 1.93 earnings per share 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 given a $0.176 dividend. This represents a $0.70 annualized dividend and a dividend yield of 6.54%. The ex-dividend date of this dividend is Thursday, May 1st. AES’s payout ratio is presently 29.54%.

Analysts Set New Price Targets

AES has been the topic of several research reports. Mizuho cut their price objective on shares of AES from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 4th. Hsbc Global Res raised AES to a “strong-buy” rating in a research note on Friday, December 13th. Susquehanna reduced their price objective on AES from $16.00 to $15.00 and set a “positive” rating for the company in a research report on Wednesday, March 5th. Seaport Res Ptn cut AES from a “hold” rating to a “strong sell” rating in a research note on Monday, March 3rd. Finally, HSBC began coverage on shares of AES in a research note on Friday, December 13th. They set a “buy” rating and a $17.00 price target for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.29.

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.