Wilmington Savings Fund Society FSB Grows Stock Position in The AES Co. (NYSE:AES)

Wilmington Savings Fund Society FSB increased its holdings in The AES Co. (NYSE:AES) by 22.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,472 shares of the utilities provider’s stock after buying an additional 1,551 shares during the period. Wilmington Savings Fund Society FSB’s holdings in AES were worth $109,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Millburn Ridgefield Corp purchased a new stake in shares of AES in the 3rd quarter worth about $28,000. Cromwell Holdings LLC boosted its position in shares of AES by 59.1% in the 3rd quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock worth $35,000 after buying an additional 640 shares in the last quarter. Brooklyn Investment Group purchased a new position in AES in the 3rd quarter valued at about $63,000. Blue Trust Inc. lifted its holdings in AES by 69.3% in the 3rd quarter. Blue Trust Inc. now owns 3,688 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 1,509 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in AES in the 3rd quarter valued at about $74,000. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AES has been the topic of a number of recent research reports. Hsbc Global Res upgraded shares of AES to a “strong-buy” rating in a report on Friday, December 13th. Bank of America initiated coverage on shares of AES in a report on Monday, November 25th. They issued an “underperform” rating and a $11.00 target price on the stock. HSBC initiated coverage on shares of AES in a report on Friday, December 13th. They issued a “buy” rating and a $17.00 target price on the stock. Barclays reduced their target price on shares of AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Susquehanna dropped their price objective on shares of AES from $24.00 to $21.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $18.80.

AES Stock Up 0.4 %

AES opened at $10.14 on Friday. The firm has a 50 day moving average price of $12.08 and a 200 day moving average price of $15.04. The company has a market cap of $7.21 billion, a PE ratio of 7.04, a price-to-earnings-growth ratio of 0.84 and a beta of 0.99. The AES Co. has a 1 year low of $9.90 and a 1 year high of $22.21. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85.

AES Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date of this dividend is Friday, January 31st. This is an increase from AES’s previous quarterly dividend of $0.17. AES’s dividend payout ratio is 48.61%.

AES 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.