Ellington Management Group LLC bought a new stake in AES Corp (NYSE:AES) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 183,629 shares of the utilities provider’s stock, valued at approximately $1,989,000.
A number of other large investors have also bought and sold shares of AES. Alps Advisors Inc. purchased a new position in AES in the fourth quarter valued at $48,230,000. Deutsche Bank AG increased its holdings in AES by 87.3% in the fourth quarter. Deutsche Bank AG now owns 5,524,276 shares of the utilities provider’s stock valued at $59,825,000 after buying an additional 2,574,779 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in AES in the fourth quarter valued at $19,477,000. W. E. Donoghue & Co. LLC purchased a new position in AES in the fourth quarter valued at $17,602,000. Finally, Guggenheim Capital LLC increased its holdings in AES by 21.5% in the fourth quarter. Guggenheim Capital LLC now owns 6,695,202 shares of the utilities provider’s stock valued at $72,508,000 after buying an additional 1,185,282 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
AES has been the topic of several recent analyst reports. ValuEngine raised AES from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. SunTrust Banks set a $14.00 target price on AES and gave the company a “buy” rating in a report on Monday, February 12th. Bank of America raised AES from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Monday, November 13th. Morgan Stanley dropped their target price on AES from $14.00 to $12.50 and set an “equal weight” rating on the stock in a report on Wednesday, December 13th. Finally, UBS Group initiated coverage on AES in a report on Friday, February 2nd. They issued a “neutral” rating and a $12.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $12.42.
AES (NYSE:AES) last issued its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.11. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $3.47 billion. AES had a positive return on equity of 16.52% and a negative net margin of 8.77%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 earnings per share. sell-side analysts forecast that AES Corp will post 1.18 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were issued a dividend of $0.13 per share. This is a positive change from AES’s previous quarterly dividend of $0.12. The ex-dividend date was Wednesday, January 31st. This represents a $0.52 annualized dividend and a dividend yield of 4.79%. AES’s dividend payout ratio (DPR) is presently -29.55%.
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AES Company Profile
The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.
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