Signaturefd LLC Has $134,000 Stake in The AES Co. (NYSE:AES)

Signaturefd LLC grew its stake in The AES Co. (NYSE:AESFree Report) by 176.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,793 shares of the utilities provider’s stock after purchasing an additional 5,607 shares during the period. Signaturefd LLC’s holdings in AES were worth $134,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Harbour Investments Inc. lifted its holdings in shares of AES by 17.6% during the 4th quarter. Harbour Investments Inc. now owns 3,513 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 527 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of AES by 0.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 193,799 shares of the utilities provider’s stock worth $4,017,000 after acquiring an additional 548 shares during the period. Checchi Capital Advisers LLC lifted its holdings in AES by 6.8% during the 2nd quarter. Checchi Capital Advisers LLC now owns 9,675 shares of the utilities provider’s stock valued at $201,000 after purchasing an additional 615 shares during the last quarter. State of Michigan Retirement System lifted its holdings in AES by 0.4% during the 2nd quarter. State of Michigan Retirement System now owns 184,095 shares of the utilities provider’s stock valued at $3,816,000 after purchasing an additional 700 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in AES by 0.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 294,689 shares of the utilities provider’s stock valued at $6,109,000 after purchasing an additional 754 shares during the last quarter. 94.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

AES has been the subject of several analyst reports. TheStreet downgraded shares of AES from a “c-” rating to a “d+” rating in a report on Friday, October 20th. Morgan Stanley cut their price target on shares of AES from $29.00 to $26.00 and set an “overweight” rating for the company in a report on Wednesday, October 25th. Bank of America cut their price target on shares of AES from $23.00 to $15.00 in a report on Thursday, October 12th. Barclays boosted their target price on shares of AES from $18.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Finally, UBS Group downgraded shares of AES from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $22.00 to $13.00 in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $21.33.

View Our Latest Stock Report on AES

AES Stock Down 1.8 %

Shares of NYSE:AES opened at $16.97 on Wednesday. The AES Co. has a one year low of $11.43 and a one year high of $27.42. The company has a 50 day moving average of $18.17 and a 200-day moving average of $17.48. The company has a debt-to-equity ratio of 5.35, a current ratio of 0.83 and a quick ratio of 0.74. The stock has a market cap of $11.36 billion, a price-to-earnings ratio of -19.28, a P/E/G ratio of 0.86 and a beta of 1.13.

AES (NYSE:AESGet Free Report) last issued its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. AES had a negative net margin of 4.23% and a positive return on equity of 37.75%. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.65 billion. On average, sell-side analysts forecast that The AES Co. will post 1.72 earnings per share for the current year.

AES Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a dividend of $0.1725 per share. This is a boost from AES’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, January 31st. This represents a $0.69 annualized dividend and a dividend yield of 4.07%. AES’s payout ratio is currently -75.00%.

Insider Transactions at AES

In other news, CEO Andres Gluski acquired 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was purchased at an average price of $16.38 per share, for a total transaction of $819,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,526,449 shares in the company, valued at $25,003,234.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Paul L. Freedman acquired 1,530 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was purchased at an average price of $16.40 per share, for a total transaction of $25,092.00. Following the completion of the acquisition, the executive vice president now owns 73,798 shares in the company, valued at $1,210,287.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andres Gluski acquired 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were purchased at an average price of $16.38 per share, with a total value of $819,000.00. Following the acquisition, the chief executive officer now owns 1,526,449 shares of the company’s stock, valued at approximately $25,003,234.62. The disclosure for this purchase can be found here. Insiders acquired a total of 57,039 shares of company stock worth $934,195 in the last quarter. 0.01% of the stock is owned by company insiders.

About AES

(Free Report)

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.

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Institutional Ownership by Quarter for AES (NYSE:AES)

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