The AES Co. (NYSE:AES) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lifted its holdings in shares of The AES Co. (NYSE:AES – Get Rating) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,229 shares of the utilities provider’s stock after purchasing an additional 2,159 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in AES were worth $1,215,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AES. UBS Asset Management Americas Inc. boosted its holdings in shares of AES by 69.1% during the third quarter. UBS Asset Management Americas Inc. now owns 3,173,571 shares of the utilities provider’s stock worth $71,723,000 after purchasing an additional 1,296,514 shares during the last quarter. Vanguard Group Inc. raised its position in shares of AES by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 83,790,219 shares of the utilities provider’s stock worth $2,155,923,000 after buying an additional 1,285,423 shares during the period. Clean Energy Transition LLP purchased a new position in shares of AES in the 1st quarter worth $31,799,000. Owl Creek Asset Management L.P. raised its position in shares of AES by 59.5% in the 3rd quarter. Owl Creek Asset Management L.P. now owns 2,807,760 shares of the utilities provider’s stock worth $63,455,000 after buying an additional 1,047,252 shares during the period. Finally, State Street Corp raised its position in shares of AES by 2.7% in the 3rd quarter. State Street Corp now owns 35,292,933 shares of the utilities provider’s stock worth $797,620,000 after buying an additional 914,656 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AES shares. StockNews.com raised AES from a “sell” rating to a “hold” rating in a research report on Friday, May 12th. UBS Group cut their target price on AES from $30.00 to $27.00 in a research report on Tuesday, May 9th. TheStreet lowered AES from a “b-” rating to a “c” rating in a research report on Monday, February 27th. Wolfe Research lowered AES from an “outperform” rating to a “peer perform” rating in a research report on Monday, April 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $32.00 price objective on shares of AES in a research report on Monday, March 6th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, AES currently has an average rating of “Moderate Buy” and a consensus price target of $30.30.

AES Stock Down 0.4 %

Shares of NYSE AES opened at $20.86 on Friday. 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 $13.96 billion, a price-to-earnings ratio of -25.44, a PEG ratio of 1.45 and a beta of 0.94. 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 stock’s 50-day simple moving average is $23.23 and its 200-day simple moving average is $25.80.

AES (NYSE:AES – Get Rating) last announced 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 business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $2.84 billion. AES had a positive return on equity of 38.46% and a negative net margin of 3.59%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 earnings per share. As a group, equities analysts anticipate that The AES Co. will post 1.72 earnings per share for the current fiscal year.

AES Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were paid a $0.1659 dividend. The ex-dividend date of this dividend was Friday, April 28th. This represents a $0.66 dividend on an annualized basis and a yield of 3.18%. AES’s dividend payout ratio (DPR) is -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.