The AES Co. (NYSE:AES) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of The AES Co. (NYSE:AES) by 47.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 74,174 shares of the utilities provider’s stock after acquiring an additional 23,764 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in AES were worth $946,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Cetera Investment Advisers increased its stake in AES by 32.7% in the 2nd quarter. Cetera Investment Advisers now owns 100,516 shares of the utilities provider’s stock worth $1,766,000 after purchasing an additional 24,764 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of AES in the second quarter worth approximately $567,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of AES during the third quarter valued at approximately $74,000. Exchange Traded Concepts LLC lifted its position in shares of AES by 946.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 19,605 shares of the utilities provider’s stock valued at $393,000 after acquiring an additional 17,732 shares in the last quarter. Finally, Creative Planning grew its position in AES by 7.4% during the 3rd quarter. Creative Planning now owns 113,165 shares of the utilities provider’s stock worth $2,270,000 after purchasing an additional 7,782 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Bank of America started coverage on AES in a research report on Monday, November 25th. They issued an “underperform” rating and a $11.00 target price for the company. Barclays decreased their price objective on AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Hsbc Global Res upgraded AES to a “strong-buy” rating in a report on Friday, December 13th. HSBC began coverage on shares of AES in a research report on Friday, December 13th. They set a “buy” rating and a $17.00 price objective on the stock. Finally, Susquehanna decreased their target price on shares of AES from $24.00 to $21.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.80.

AES Stock Performance

NYSE AES opened at $10.23 on Wednesday. The company’s fifty day moving average is $12.21 and its two-hundred day moving average is $15.11. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 7.10, a P/E/G ratio of 0.84 and a beta of 0.99. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The AES Co. has a 52-week low of $10.00 and a 52-week high of $22.21.

AES Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a $0.176 dividend. This is a boost from AES’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, January 31st. This represents a $0.70 annualized dividend and a yield of 6.88%. AES’s dividend payout ratio is 48.61%.

AES Company 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.