Sage Rhino Capital LLC Buys 1,531 Shares of The AES Co. (NYSE:AES)

Sage Rhino Capital LLC grew its position in The AES Co. (NYSE:AES) by 2.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,986 shares of the utilities provider’s stock after buying an additional 1,531 shares during the quarter. Sage Rhino Capital LLC’s holdings in AES were worth $1,328,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Duff & Phelps Investment Management Co. grew its holdings in AES by 111.6% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 60,992 shares of the utilities provider’s stock worth $1,174,000 after acquiring an additional 32,168 shares during the last quarter. Bruni J V & Co. Co. grew its holdings in AES by 0.7% during the 4th quarter. Bruni J V & Co. Co. now owns 1,643,530 shares of the utilities provider’s stock worth $31,638,000 after acquiring an additional 11,312 shares during the last quarter. Intact Investment Management Inc. grew its holdings in AES by 8.2% during the 4th quarter. Intact Investment Management Inc. now owns 215,100 shares of the utilities provider’s stock worth $4,141,000 after acquiring an additional 16,300 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of AES by 15.5% in the 4th quarter. Russell Investments Group Ltd. now owns 136,334 shares of the utilities provider’s stock valued at $2,625,000 after purchasing an additional 18,303 shares during the last quarter. Finally, Carret Asset Management LLC boosted its stake in shares of AES by 13.8% in the 4th quarter. Carret Asset Management LLC now owns 88,743 shares of the utilities provider’s stock valued at $1,708,000 after purchasing an additional 10,791 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Price Performance

AES traded up $0.21 on Tuesday, reaching $17.90. The company had a trading volume of 7,920,000 shares, compared to its average volume of 8,239,043. The business has a 50 day simple moving average of $16.55 and a 200 day simple moving average of $16.88. The company has a market cap of $12.72 billion, a price-to-earnings ratio of 53.37 and a beta of 1.08. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.61 and a current ratio of 0.68. The AES Co. has a 52-week low of $11.43 and a 52-week high of $23.75.

AES (NYSE:AES) last posted its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $0.73 EPS for the quarter, topping 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 firm 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 firm posted $0.49 earnings per share. The business’s revenue was down 3.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The AES Co. will post 1.91 EPS for the current year.

AES Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Tuesday, April 30th. AES’s dividend payout ratio (DPR) is 209.10%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AES shares. Barclays reduced their price objective 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. Mizuho initiated coverage on shares of AES in a research note on Thursday, April 18th. They set a “buy” rating and a $21.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $22.00 target price on shares of AES in a research note on Tuesday, April 9th. UBS Group lowered their price objective on shares of AES from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, April 3rd. Finally, Argus restated a “buy” rating and set a $25.00 price objective on shares of AES in a report on Tuesday, March 26th. One investment 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. Based on data from MarketBeat.com, AES currently has a consensus rating of “Moderate Buy” and an average target price of $22.13.

AES 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.