Intact Investment Management Inc. Acquires 49,250 Shares of The AES Co. (NYSE:AES)

Intact Investment Management Inc. lifted its stake in The AES Co. (NYSE:AES) by 13.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 415,600 shares of the utilities provider’s stock after buying an additional 49,250 shares during the quarter. Intact Investment Management Inc.’s holdings in AES were worth $5,349,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Millburn Ridgefield Corp bought a new position in shares of AES during the 3rd quarter valued at about $28,000. SRS Capital Advisors Inc. boosted its stake in AES by 190.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock valued at $31,000 after buying an additional 1,581 shares during the last quarter. WR Wealth Planners LLC grew its holdings in AES by 93.3% during the 4th quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock valued at $37,000 after buying an additional 1,369 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of AES during the 3rd quarter worth approximately $63,000. Finally, AlphaQuest LLC boosted its position in shares of AES by 18,047.1% during the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider’s stock valued at $79,000 after acquiring an additional 6,136 shares during the last quarter. Institutional investors own 93.13% of the company’s stock.

AES Stock Performance

AES stock opened at $12.32 on Friday. The firm has a market cap of $8.76 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 0.82 and a beta of 0.94. The AES Co. has a twelve month low of $9.88 and a twelve month high of $22.21. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The business’s fifty day simple moving average is $11.25 and its two-hundred day simple moving average is $14.18.

AES (NYSE:AES) last posted its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.34 by $0.20. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.07 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. During the same quarter last year, the firm posted $0.73 EPS. Analysts predict that The AES Co. will post 1.93 earnings per share for the current year.

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.176 dividend. The ex-dividend date is Thursday, May 1st. This represents a $0.70 annualized dividend and a yield of 5.71%. AES’s dividend payout ratio (DPR) is currently 29.54%.

Analyst Ratings Changes

A number of research firms recently issued reports on AES. Barclays decreased their price target on shares of AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Bank of America upgraded AES from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $11.00 to $13.00 in a research report on Tuesday, March 4th. Mizuho decreased their price objective on AES from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 4th. Seaport Res Ptn cut AES from a “hold” rating to a “strong sell” rating in a report on Monday, March 3rd. Finally, Susquehanna decreased their price target on AES from $16.00 to $15.00 and set a “positive” rating on the stock in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.30.

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.