The AES Co. (NYSE:AES) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC lessened its holdings in shares of The AES Co. (NYSE:AES) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 95,986 shares of the utilities provider’s stock after selling 716 shares during the period. New York Life Investment Management LLC’s holdings in AES were worth $1,848,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its holdings in shares of AES by 17.5% during the third quarter. Commonwealth Equity Services LLC now owns 58,439 shares of the utilities provider’s stock valued at $888,000 after purchasing an additional 8,697 shares during the last quarter. Concourse Financial Group Securities Inc. boosted its position in AES by 42.3% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 6,202 shares of the utilities provider’s stock valued at $94,000 after purchasing an additional 1,844 shares during the period. Lindbrook Capital LLC grew its stake in AES by 91.3% during the 3rd quarter. Lindbrook Capital LLC now owns 9,307 shares of the utilities provider’s stock worth $141,000 after buying an additional 4,441 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in AES by 3.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 155,300 shares of the utilities provider’s stock valued at $2,361,000 after buying an additional 4,638 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of AES during the third quarter worth about $14,531,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AES shares. Mizuho assumed coverage on shares of AES in a research note on Thursday, April 18th. They set a “buy” rating and a $21.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 price objective on shares of AES in a research report on Tuesday, April 9th. UBS Group decreased their price objective on AES from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, April 3rd. Argus reiterated a “buy” rating and set a $25.00 price target on shares of AES in a research report on Tuesday, March 26th. Finally, Barclays lowered their price target on AES from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, AES has a consensus rating of “Moderate Buy” and an average target price of $22.13.

AES Stock Up 1.1 %

Shares of AES stock opened at $18.87 on Tuesday. The AES Co. has a 1 year low of $11.43 and a 1 year high of $23.07. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.71 and a current ratio of 0.78. The business’s fifty day moving average is $16.79 and its 200-day moving average is $17.05. The stock has a market cap of $13.41 billion, a PE ratio of 26.21 and a beta of 1.08.

AES (NYSE:AES) last released its earnings results on Friday, May 3rd. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.16. AES had a return on equity of 36.23% and a net margin of 4.40%. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the previous year, the company earned $0.22 earnings per share. AES’s revenue was down 4.8% compared to the same quarter last year. Equities analysts expect that The AES Co. will post 1.91 earnings per share for the current fiscal year.

AES Announces Dividend

The firm also recently announced 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. This represents a $0.69 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Tuesday, April 30th. AES’s payout ratio is 95.83%.

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.