Beck Bode LLC Has $11.46 Million Stock Position in The AES Co. (NYSE:AES)

Beck Bode LLC raised its holdings in shares of The AES Co. (NYSE:AES) by 9.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 595,126 shares of the utilities provider’s stock after purchasing an additional 50,468 shares during the period. AES accounts for about 2.6% of Beck Bode LLC’s holdings, making the stock its 7th largest holding. Beck Bode LLC’s holdings in AES were worth $11,456,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New York Life Investment Management LLC raised its position in shares of AES by 0.7% in the 3rd quarter. New York Life Investment Management LLC now owns 96,702 shares of the utilities provider’s stock worth $1,470,000 after acquiring an additional 665 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of AES by 18.0% in the 4th quarter. Global Retirement Partners LLC now owns 4,378 shares of the utilities provider’s stock worth $78,000 after acquiring an additional 668 shares in the last quarter. River Street Advisors LLC raised its position in shares of AES by 7.1% in the 3rd quarter. River Street Advisors LLC now owns 12,548 shares of the utilities provider’s stock worth $191,000 after acquiring an additional 836 shares in the last quarter. M&T Bank Corp raised its position in shares of AES by 2.0% in the 3rd quarter. M&T Bank Corp now owns 52,644 shares of the utilities provider’s stock worth $800,000 after acquiring an additional 1,010 shares in the last quarter. Finally, Private Trust Co. NA raised its position in shares of AES by 68.8% in the 4th quarter. Private Trust Co. NA now owns 2,669 shares of the utilities provider’s stock worth $51,000 after acquiring an additional 1,088 shares in the last quarter. Institutional investors own 93.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AES. Morgan Stanley reissued an “overweight” rating and issued a $25.00 target price on shares of AES in a research report on Monday, March 25th. UBS Group cut their price target on AES from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 3rd. Argus restated a “buy” rating and issued a $25.00 price target on shares of AES in a research note on Tuesday, March 26th. Mizuho assumed coverage on AES in a research note on Thursday, April 18th. They issued a “buy” rating and a $21.00 price target on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price target on shares of AES in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.13.

AES Stock Up 1.2 %

AES traded up $0.21 during trading on Tuesday, hitting $17.90. 7,920,000 shares of the company’s stock traded hands, compared to its average volume of 8,239,043. The company’s 50 day simple moving average is $16.55 and its two-hundred day simple moving average is $16.88. 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 12-month low of $11.43 and a 12-month high of $23.75. The stock has a market capitalization of $12.72 billion, a price-to-earnings ratio of 54.24 and a beta of 1.08.

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

AES Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.1725 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.85%. AES’s dividend payout ratio (DPR) is currently 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.