Healthcare of Ontario Pension Plan Trust Fund Sells 16,334 Shares of The AES Co. (NYSE:AES)

Healthcare of Ontario Pension Plan Trust Fund lowered its holdings in shares of The AES Co. (NYSE:AES) by 35.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 29,401 shares of the utilities provider’s stock after selling 16,334 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in AES were worth $590,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AES. Cetera Advisors LLC lifted its position in shares of AES by 77.8% in the 1st quarter. Cetera Advisors LLC now owns 18,045 shares of the utilities provider’s stock worth $324,000 after purchasing an additional 7,897 shares during the period. DekaBank Deutsche Girozentrale boosted its position in AES by 6.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 40,871 shares of the utilities provider’s stock valued at $699,000 after acquiring an additional 2,327 shares during the last quarter. Mather Group LLC. grew its holdings in AES by 45.1% during the 2nd quarter. Mather Group LLC. now owns 6,001 shares of the utilities provider’s stock worth $108,000 after acquiring an additional 1,864 shares during the period. CWM LLC raised its position in shares of AES by 2.4% in the 2nd quarter. CWM LLC now owns 27,122 shares of the utilities provider’s stock worth $477,000 after acquiring an additional 628 shares in the last quarter. Finally, Simplicity Wealth LLC lifted its stake in shares of AES by 23.1% in the 2nd quarter. Simplicity Wealth LLC now owns 225,000 shares of the utilities provider’s stock valued at $3,953,000 after purchasing an additional 42,177 shares during the period. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Stock Down 0.2 %

Shares of NYSE:AES opened at $13.01 on Tuesday. The stock has a market cap of $9.25 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 0.68 and a beta of 1.10. The business’s 50 day moving average is $16.24 and its 200 day moving average is $17.63. The AES Co. has a 12-month low of $12.53 and a 12-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.

AES (NYSE:AES) last posted its earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.11. AES had a net margin of 8.34% and a return on equity of 27.30%. The firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the prior year, the business posted $0.60 EPS. The business’s revenue was down 4.2% compared to the same quarter last year. On average, sell-side analysts forecast that The AES Co. will post 1.95 earnings per share for the current fiscal year.

AES Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 5.30%. The ex-dividend date of this dividend was Friday, November 1st. AES’s dividend payout ratio is presently 47.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays lifted their target price on AES from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Jefferies Financial Group began coverage on shares of AES in a research note on Wednesday, September 11th. They issued a “buy” rating and a $20.00 price objective for the company. Bank of America began coverage on shares of AES in a research note on Monday, November 25th. They set an “underperform” rating and a $11.00 target price on the stock. Evercore ISI raised shares of AES to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, Mizuho cut their price objective on shares of AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has given 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 $20.22.

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.