Calamos Advisors LLC Sells 5,060 Shares of The AES Co. (NYSE:AES)

Calamos Advisors LLC cut its holdings in The AES Co. (NYSE:AES) by 1.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 387,339 shares of the utilities provider’s stock after selling 5,060 shares during the period. Calamos Advisors LLC’s holdings in AES were worth $7,456,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. lifted its holdings in shares of AES by 15.5% in the third quarter. Envestnet Asset Management Inc. now owns 679,615 shares of the utilities provider’s stock worth $10,330,000 after buying an additional 91,247 shares in the last quarter. Lazard Asset Management LLC lifted its stake in AES by 370.1% in the 3rd quarter. Lazard Asset Management LLC now owns 116,537 shares of the utilities provider’s stock worth $1,770,000 after purchasing an additional 91,749 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in AES by 81.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 351,220 shares of the utilities provider’s stock valued at $5,339,000 after purchasing an additional 157,421 shares during the period. Quadrature Capital Ltd increased its holdings in shares of AES by 54.8% in the third quarter. Quadrature Capital Ltd now owns 273,365 shares of the utilities provider’s stock worth $4,157,000 after purchasing an additional 96,808 shares during the period. Finally, Channing Capital Management LLC raised its position in shares of AES by 16.7% in the third quarter. Channing Capital Management LLC now owns 352,276 shares of the utilities provider’s stock worth $5,355,000 after buying an additional 50,341 shares in the last quarter. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on AES. Morgan Stanley restated an “overweight” rating and set a $25.00 target price on shares of AES in a research report on Monday, March 25th. Barclays decreased their price objective on shares of AES from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. UBS Group cut their price target on shares of AES from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. Argus restated a “buy” rating and set a $25.00 price objective on shares of AES in a research report on Tuesday, March 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 target price on shares of AES in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.13.

AES Price Performance

Shares of NYSE:AES opened at $16.40 on Friday. The company’s fifty day moving average is $16.47 and its 200 day moving average is $16.68. 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 $24.33. The stock has a market cap of $11.66 billion, a PE ratio of 49.70 and a beta of 1.08.

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

AES Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Tuesday, April 30th. AES’s payout ratio is 209.10%.

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.