The AES Co. (NYSE:AES) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its position in The AES Co. (NYSE:AES) by 19.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,952 shares of the utilities provider’s stock after selling 25,117 shares during the period. Oppenheimer & Co. Inc.’s holdings in AES were worth $1,364,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp lifted its position in AES by 18.2% during the 3rd quarter. State Street Corp now owns 38,651,752 shares of the utilities provider’s stock worth $775,354,000 after acquiring an additional 5,960,546 shares in the last quarter. Geode Capital Management LLC lifted its position in AES by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 16,513,917 shares of the utilities provider’s stock worth $330,125,000 after acquiring an additional 181,975 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in AES by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,694,239 shares of the utilities provider’s stock worth $134,286,000 after acquiring an additional 82,956 shares in the last quarter. M&G PLC increased its holdings in AES by 12.7% during the 3rd quarter. M&G PLC now owns 6,511,760 shares of the utilities provider’s stock worth $130,235,000 after purchasing an additional 732,457 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in AES by 5.5% during the 4th quarter. Bank of New York Mellon Corp now owns 4,756,831 shares of the utilities provider’s stock worth $61,220,000 after purchasing an additional 249,486 shares during the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Price Performance

Shares of AES opened at $11.18 on Tuesday. The company has a market cap of $7.95 billion, a P/E ratio of 7.76, a PEG ratio of 0.82 and a beta of 0.99. The stock has a fifty day moving average price of $11.51 and a 200 day moving average price of $14.52. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The AES Co. has a 12 month low of $9.88 and a 12 month high of $22.21.

AES (NYSE:AES) last issued its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.20. The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.07 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. During the same period in the prior year, the business earned $0.73 EPS. On average, research analysts forecast that The AES Co. will post 1.93 earnings per share for the current year.

AES Announces Dividend

The business 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 dividend of $0.176 per share. The ex-dividend date is Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a yield of 6.30%. AES’s payout ratio is currently 48.61%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AES shares. Susquehanna dropped their price objective on AES from $24.00 to $21.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. Hsbc Global Res upgraded AES to a “strong-buy” rating in a report on Friday, December 13th. Mizuho dropped their price objective on AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, November 21st. HSBC began coverage on AES in a report on Friday, December 13th. They issued a “buy” rating and a $17.00 price target for the company. Finally, Barclays lowered their price target on AES from $17.00 to $12.00 and set an “overweight” rating for the company in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, AES presently has an average rating of “Moderate Buy” and an average target price of $18.80.

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.