Private Trust Co. NA Buys 1,088 Shares of The AES Co. (NYSE:AES)

Private Trust Co. NA boosted its holdings in shares of The AES Co. (NYSE:AES) by 68.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,669 shares of the utilities provider’s stock after buying an additional 1,088 shares during the period. Private Trust Co. NA’s holdings in AES were worth $51,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Arizona State Retirement System boosted its stake in AES by 0.8% during the fourth quarter. Arizona State Retirement System now owns 184,041 shares of the utilities provider’s stock valued at $3,543,000 after buying an additional 1,433 shares during the period. Oak Thistle LLC bought a new stake in AES during the fourth quarter valued at $391,000. First Citizens Bank & Trust Co. boosted its stake in AES by 25.5% during the fourth quarter. First Citizens Bank & Trust Co. now owns 157,284 shares of the utilities provider’s stock valued at $3,028,000 after buying an additional 31,975 shares during the period. Fifth Third Bancorp boosted its stake in AES by 122.4% during the fourth quarter. Fifth Third Bancorp now owns 70,405 shares of the utilities provider’s stock valued at $1,355,000 after buying an additional 38,741 shares during the period. Finally, Global Retirement Partners LLC boosted its stake in AES by 18.0% during the fourth quarter. Global Retirement Partners LLC now owns 4,378 shares of the utilities provider’s stock valued at $78,000 after buying an additional 668 shares during the period. Institutional investors own 93.13% of the company’s stock.

Analyst Ratings Changes

AES has been the subject of several research analyst reports. Barclays dropped their price target on AES from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $25.00 price target on shares of AES in a research note on Monday, March 25th. Argus reaffirmed a “buy” rating and set a $25.00 price target on shares of AES in a research note on Tuesday, March 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price target on shares of AES in a research note on Tuesday. Finally, UBS Group dropped their price target on AES from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $22.29.

AES Stock Up 0.8 %

AES opened at $17.83 on Friday. The company has a market cap of $12.67 billion, a P/E ratio of 54.02 and a beta of 1.08. The business’s 50-day moving average price is $16.50 and its 200-day moving average price is $16.62. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 4.42. The AES Co. has a 12 month low of $11.43 and a 12 month high of $25.74.

AES (NYSE:AES) last released its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.67 by $0.06. AES had a return on equity of 38.76% and a net margin of 2.12%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the previous year, the business earned $0.49 earnings per share. The company’s quarterly revenue was down 3.0% on a year-over-year basis. On average, equities analysts expect that The AES Co. will post 1.91 EPS for the current year.

AES Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.1725 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.69 dividend on an annualized basis and a yield of 3.87%. AES’s dividend payout ratio is presently 209.09%.

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.