US Bancorp DE Has $728,000 Stake in The AES Co. (NYSE:AES)

US Bancorp DE decreased its stake in shares of The AES Co. (NYSE:AES) by 15.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 56,540 shares of the utilities provider’s stock after selling 10,689 shares during the quarter. US Bancorp DE’s holdings in AES were worth $728,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of AES. Millburn Ridgefield Corp acquired a new stake in shares of AES during the 3rd quarter worth approximately $28,000. WR Wealth Planners LLC grew its position in AES by 93.3% in the 4th quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 1,369 shares during the period. Brooklyn Investment Group acquired a new stake in AES in the 3rd quarter valued at $63,000. Toth Financial Advisory Corp acquired a new stake in AES in the 4th quarter valued at $95,000. Finally, Kestra Investment Management LLC acquired a new stake in AES in the 4th quarter valued at $95,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AES. Hsbc Global Res raised shares of AES to a “strong-buy” rating in a report on Friday, December 13th. Mizuho cut their price objective on shares of AES from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, March 4th. Susquehanna cut their price objective on shares of AES from $16.00 to $15.00 and set a “positive” rating on the stock in a report on Wednesday, March 5th. HSBC initiated coverage on shares of AES in a report on Friday, December 13th. They set a “buy” rating and a $17.00 price objective on the stock. Finally, Seaport Res Ptn cut AES from a “hold” rating to a “strong sell” rating in a research note on Monday, March 3rd. One investment 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.30.

AES Trading Up 4.8 %

Shares of AES stock opened at $11.79 on Tuesday. The AES Co. has a 52-week low of $9.88 and a 52-week high of $22.21. The stock’s 50-day simple moving average is $11.32 and its 200 day simple moving average is $14.29. The stock has a market capitalization of $8.38 billion, a P/E ratio of 8.18, a P/E/G ratio of 0.82 and a beta of 0.94. 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 announced its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.20. AES had a return on equity of 27.30% and a net margin of 8.34%. The business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the previous year, the business posted $0.73 EPS. As a group, research analysts anticipate that The AES Co. will post 1.93 EPS for the current year.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a dividend yield of 5.97%. The ex-dividend date is Thursday, May 1st. AES’s dividend payout ratio is presently 29.54%.

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.