Lindbrook Capital LLC Has $252,000 Stake in The AES Co. (NYSE:AES)

Lindbrook Capital LLC boosted its holdings in shares of The AES Co. (NYSE:AES) by 40.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 13,116 shares of the utilities provider’s stock after acquiring an additional 3,809 shares during the quarter. Lindbrook Capital LLC’s holdings in AES were worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC increased its stake in AES by 38.6% in the third quarter. FMR LLC now owns 36,821,650 shares of the utilities provider’s stock valued at $559,689,000 after acquiring an additional 10,256,781 shares during the period. CI Investments Inc. grew its stake in shares of AES by 18,505.6% in the 3rd quarter. CI Investments Inc. now owns 2,030,429 shares of the utilities provider’s stock valued at $30,862,000 after purchasing an additional 2,019,516 shares during the period. Invesco Ltd. raised its holdings in shares of AES by 24.2% in the 3rd quarter. Invesco Ltd. now owns 7,611,339 shares of the utilities provider’s stock worth $115,692,000 after buying an additional 1,484,052 shares in the last quarter. Barclays PLC lifted its position in shares of AES by 114.1% during the 3rd quarter. Barclays PLC now owns 2,677,405 shares of the utilities provider’s stock worth $40,697,000 after buying an additional 1,426,662 shares during the period. Finally, Strs Ohio acquired a new stake in AES in the 3rd quarter valued at $14,531,000. Institutional investors own 93.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of AES from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Morgan Stanley restated an “overweight” rating and issued a $25.00 price target on shares of AES in a research report on Monday, March 25th. Mizuho started coverage on shares of AES in a report on Thursday, April 18th. They set a “buy” rating and a $21.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 target price on shares of AES in a report on Tuesday, April 9th. Finally, UBS Group dropped their price target on AES from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, AES has a consensus rating of “Moderate Buy” and an average price target of $22.13.

AES Stock Performance

Shares of NYSE:AES opened at $16.70 on Tuesday. The stock has a market capitalization of $11.87 billion, a P/E ratio of 50.61 and a beta of 1.08. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 4.42. The AES Co. has a 1-year low of $11.43 and a 1-year high of $24.20. The business has a 50-day moving average price of $16.47 and a two-hundred day moving average price of $16.73.

AES (NYSE:AES) last announced its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.06. AES had a net margin of 2.12% and a return on equity of 38.76%. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same period in the prior year, the business posted $0.49 earnings per share. AES’s revenue was down 3.0% compared to the same quarter last year. Equities analysts predict that The AES Co. will post 1.91 earnings per share for the current year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.1725 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $0.69 dividend on an annualized basis and a yield of 4.13%. AES’s dividend payout ratio is presently 209.10%.

About AES

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.