DekaBank Deutsche Girozentrale Sells 27,293 Shares of The AES Co. (NYSE:AES)

DekaBank Deutsche Girozentrale trimmed its holdings in shares of The AES Co. (NYSE:AES) by 41.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 38,544 shares of the utilities provider’s stock after selling 27,293 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in AES were worth $742,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AES. Cambridge Investment Research Advisors Inc. increased its holdings in AES by 12.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 51,262 shares of the utilities provider’s stock valued at $1,319,000 after buying an additional 5,594 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in AES by 9.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 91,659 shares of the utilities provider’s stock valued at $2,358,000 after buying an additional 7,975 shares during the period. Great West Life Assurance Co. Can increased its holdings in AES by 1.2% during the first quarter. Great West Life Assurance Co. Can now owns 309,233 shares of the utilities provider’s stock valued at $8,291,000 after buying an additional 3,755 shares during the period. Yousif Capital Management LLC increased its holdings in AES by 2.1% during the first quarter. Yousif Capital Management LLC now owns 110,543 shares of the utilities provider’s stock valued at $2,844,000 after buying an additional 2,285 shares during the period. Finally, Cibc World Market Inc. grew its holdings in AES by 24.2% in the first quarter. Cibc World Market Inc. now owns 22,300 shares of the utilities provider’s stock worth $574,000 after purchasing an additional 4,351 shares during the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AES shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 price target on shares of AES in a report on Tuesday, April 9th. Argus restated a “buy” rating and set a $25.00 target price on shares of AES in a research report on Tuesday, March 26th. Barclays decreased their target price on shares of AES from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, March 14th. Morgan Stanley reiterated an “overweight” rating and issued a $25.00 price objective on shares of AES in a research report on Monday, March 25th. Finally, UBS Group decreased their price objective on shares of AES from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, AES has a consensus rating of “Hold” and a consensus target price of $22.29.

AES Stock Down 4.1 %

AES stock opened at $16.16 on Tuesday. The stock has a market capitalization of $11.49 billion, a P/E ratio of 48.97 and a beta of 1.08. The firm has a 50-day simple moving average of $16.49 and a 200-day simple moving average of $16.64. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 4.42. The AES Co. has a 52 week low of $11.43 and a 52 week high of $24.59.

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

AES Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.1725 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.69 annualized dividend and a yield of 4.27%. AES’s dividend payout ratio is presently 209.09%.

About AES

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.