Rothschild & Co. Asset Management US Inc. Makes New $5 Million Investment in The AES Co. (NYSE:AES)

Rothschild & Co. Asset Management US Inc. acquired a new position in shares of The AES Co. (NYSE:AESGet Rating) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 194,167 shares of the utilities provider’s stock, valued at approximately $4,996,000.

Several other institutional investors have also modified their holdings of AES. Capital International Investors lifted its stake in shares of AES by 11.5% in the fourth quarter. Capital International Investors now owns 69,975,664 shares of the utilities provider’s stock worth $1,700,403,000 after acquiring an additional 7,233,542 shares in the last quarter. Capital World Investors raised its stake in AES by 6.5% during the 4th quarter. Capital World Investors now owns 55,815,599 shares of the utilities provider’s stock valued at $1,356,319,000 after purchasing an additional 3,412,942 shares during the period. AGF Investments Inc. raised its stake in AES by 92.1% during the 1st quarter. AGF Investments Inc. now owns 5,764,558 shares of the utilities provider’s stock valued at $148,322,000 after purchasing an additional 2,763,753 shares during the period. Third Point LLC increased its stake in shares of AES by 53.3% in the fourth quarter. Third Point LLC now owns 5,750,000 shares of the utilities provider’s stock worth $139,725,000 after acquiring an additional 2,000,000 shares during the last quarter. Finally, Southpoint Capital Advisors LP increased its stake in shares of AES by 20.5% in the fourth quarter. Southpoint Capital Advisors LP now owns 10,000,000 shares of the utilities provider’s stock worth $243,000,000 after acquiring an additional 1,700,000 shares during the last quarter. Institutional investors and hedge funds own 95.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upped their price target on shares of AES from $29.50 to $32.00 and gave the company an “overweight” rating in a report on Thursday, August 18th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, AES presently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

AES Stock Up 0.7 %

AES stock opened at $27.37 on Friday. The firm has a market capitalization of $18.28 billion, a PE ratio of -47.19, a P/E/G ratio of 1.97 and a beta of 0.91. The company’s 50-day moving average is $23.25 and its 200-day moving average is $22.50. The AES Co. has a fifty-two week low of $18.62 and a fifty-two week high of $27.78. The company has a debt-to-equity ratio of 4.78, a current ratio of 1.16 and a quick ratio of 1.01.

AES (NYSE:AESGet Rating) last posted its quarterly earnings data on Friday, August 5th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. AES had a negative net margin of 2.64% and a positive return on equity of 32.93%. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the firm posted $0.31 EPS. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. Sell-side analysts anticipate that The AES Co. will post 1.61 earnings per share for the current year.

AES Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 1st were given a dividend of $0.158 per share. This represents a $0.63 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Friday, July 29th. AES’s dividend payout ratio (DPR) is presently -108.62%.

AES Profile

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The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also 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.

See Also

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Institutional Ownership by Quarter for AES (NYSE:AES)

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