The AES Co. (NYSE:AES) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP increased its holdings in shares of The AES Co. (NYSE:AES) by 900.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 429,111 shares of the utilities provider’s stock after buying an additional 386,210 shares during the quarter. AES comprises approximately 0.4% of Quantbot Technologies LP’s portfolio, making the stock its 27th biggest holding. Quantbot Technologies LP owned approximately 0.06% of AES worth $7,694,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AES. Global Retirement Partners LLC grew its holdings in shares of AES by 18.0% during the 4th quarter. Global Retirement Partners LLC now owns 4,378 shares of the utilities provider’s stock worth $78,000 after purchasing an additional 668 shares during the period. Concourse Financial Group Securities Inc. increased its position in shares of AES by 13.0% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 7,008 shares of the utilities provider’s stock worth $135,000 after acquiring an additional 806 shares in the last quarter. Empirical Finance LLC raised its stake in shares of AES by 4.7% in the 1st quarter. Empirical Finance LLC now owns 18,185 shares of the utilities provider’s stock valued at $326,000 after acquiring an additional 823 shares during the period. Private Trust Co. NA lifted its holdings in shares of AES by 68.8% during the 4th quarter. Private Trust Co. NA now owns 2,669 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 1,088 shares in the last quarter. Finally, River Street Advisors LLC increased its holdings in AES by 7.8% in the 1st quarter. River Street Advisors LLC now owns 16,002 shares of the utilities provider’s stock valued at $287,000 after purchasing an additional 1,159 shares in the last quarter. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on AES shares. Mizuho raised their target price on AES from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Morgan Stanley reaffirmed an “overweight” rating and issued a $25.00 target price on shares of AES in a research report on Monday, March 25th. Barclays raised their price target on shares of AES from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price target on shares of AES in a research report on Tuesday, April 9th. Finally, Seaport Res Ptn cut AES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.88.

AES Price Performance

Shares of AES traded up $0.26 during trading hours on Friday, hitting $18.91. 6,349,835 shares of the company were exchanged, compared to its average volume of 8,095,124. The firm has a fifty day simple moving average of $19.61 and a 200-day simple moving average of $17.96. The company has a market capitalization of $13.44 billion, a PE ratio of 26.26 and a beta of 1.08. The company has a debt-to-equity ratio of 4.04, a current ratio of 0.78 and a quick ratio of 0.71. The AES Co. has a one year low of $11.43 and a one year high of $22.60.

AES (NYSE:AES) last released its quarterly earnings results on Friday, May 3rd. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.16. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.20 billion. AES had a net margin of 4.40% and a return on equity of 36.23%. The firm’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 earnings per share. As a group, sell-side analysts predict that The AES Co. will post 1.91 earnings per share for the current year.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.65%. AES’s dividend payout ratio (DPR) is presently 95.83%.

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.