Mutual of America Capital Management LLC Has $1.10 Million Holdings in The AES Co. (NYSE:AES)

Mutual of America Capital Management LLC lessened its position in shares of The AES Co. (NYSE:AES) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,165 shares of the utilities provider’s stock after selling 2,365 shares during the quarter. Mutual of America Capital Management LLC’s holdings in AES were worth $1,096,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Millburn Ridgefield Corp bought a new stake in shares of AES in the 3rd quarter valued at $28,000. Brooklyn Investment Group bought a new position in AES in the third quarter valued at approximately $63,000. Toth Financial Advisory Corp bought a new stake in shares of AES during the fourth quarter worth $95,000. Kestra Investment Management LLC bought a new stake in AES in the 4th quarter valued at $95,000. Finally, Wilmington Savings Fund Society FSB grew its holdings in shares of AES by 22.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 8,472 shares of the utilities provider’s stock worth $109,000 after buying an additional 1,551 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Price Performance

AES stock opened at $11.23 on Monday. The company has a market capitalization of $7.98 billion, a P/E ratio of 7.80, a PEG ratio of 0.82 and a beta of 0.94. The AES Co. has a 52-week low of $9.88 and a 52-week high of $22.21. The company has a fifty day moving average price of $11.32 and a 200-day moving average price of $14.29. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85.

AES (NYSE:AES) last released its earnings results on Friday, February 28th. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.34 by $0.20. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.07 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. During the same quarter last year, the firm posted $0.73 earnings per share. As a group, equities analysts expect that The AES Co. will post 1.93 EPS for the current year.

AES Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.27%. The ex-dividend date is Thursday, May 1st. AES’s dividend payout ratio (DPR) is 29.54%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AES. Susquehanna reduced their price objective on shares of AES from $16.00 to $15.00 and set a “positive” rating for the company in a research note on Wednesday, March 5th. Mizuho dropped their price objective on shares of AES from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 4th. Barclays reduced their target price on shares of AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Seaport Res Ptn lowered shares of AES from a “hold” rating to a “strong sell” rating in a research report on Monday, March 3rd. Finally, Bank of America raised shares of AES from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $11.00 to $13.00 in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.30.

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.