UBS Group AG Boosts Position in The AES Co. (NYSE:AES)

UBS Group AG boosted its position in shares of The AES Co. (NYSE:AES – Get Rating) by 75.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,118,584 shares of the utilities provider’s stock after purchasing an additional 481,158 shares during the quarter. UBS Group AG owned approximately 0.17% of AES worth $32,170,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AES. Sugarloaf Wealth Management LLC purchased a new stake in AES during the fourth quarter worth $27,000. Concord Wealth Partners purchased a new stake in AES during the fourth quarter worth $29,000. Tsfg LLC purchased a new stake in shares of AES in the fourth quarter valued at $36,000. Dupont Capital Management Corp purchased a new stake in shares of AES in the fourth quarter valued at $45,000. Finally, Ronald Blue Trust Inc. lifted its position in shares of AES by 27.5% in the fourth quarter. Ronald Blue Trust Inc. now owns 2,313 shares of the utilities provider’s stock valued at $52,000 after acquiring an additional 499 shares in the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. TheStreet downgraded AES from a “b-” rating to a “c” rating in a research report on Monday, February 27th. Morgan Stanley dropped their target price on AES from $32.00 to $31.00 and set an “overweight” rating for the company in a research note on Thursday, April 20th. StockNews.com upgraded AES from a “sell” rating to a “hold” rating in a research note on Friday. UBS Group dropped their target price on AES from $30.00 to $27.00 in a research note on Tuesday, May 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $32.00 target price on shares of AES in a research note on Monday, March 6th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $30.30.

AES Price Performance

AES stock opened at $21.99 on Tuesday. The company has a debt-to-equity ratio of 6.23, a quick ratio of 1.00 and a current ratio of 1.13. The AES Co. has a 1 year low of $18.62 and a 1 year high of $29.89. The firm has a market cap of $14.72 billion, a P/E ratio of -26.82, a price-to-earnings-growth ratio of 1.60 and a beta of 0.94. The stock has a 50-day simple moving average of $23.45 and a 200-day simple moving average of $25.90.

AES (NYSE:AES – Get Rating) last posted its earnings results on Friday, May 5th. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $2.84 billion. AES had a negative net margin of 3.59% and a positive return on equity of 38.46%. AES’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. On average, equities analysts predict that The AES Co. will post 1.72 earnings per share for the current fiscal year.

AES Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were issued a $0.1659 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Friday, April 28th. AES’s dividend payout ratio is currently -80.49%.

AES Profile

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The AES Corp. engages in the provision of power generation and utility services through its renewable and thermal generation facilities and distribution businesses. It operates through the following segments: U.S. and Utilities Strategic Business Unit (SBU), South America SBU, MCAC SBU, Eurasia SBU. The U.S.