Caprock Group LLC Takes $165,000 Position in The AES Co. (NYSE:AES)

Caprock Group LLC purchased a new position in The AES Co. (NYSE:AES) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,794 shares of the utilities provider’s stock, valued at approximately $165,000.

Several other large investors also recently added to or reduced their stakes in AES. UMB Bank n.a. increased its position in AES by 5,143.7% in the 4th quarter. UMB Bank n.a. now owns 76,977 shares of the utilities provider’s stock worth $991,000 after buying an additional 75,509 shares during the period. Rock Point Advisors LLC lifted its position in shares of AES by 34.6% in the 3rd quarter. Rock Point Advisors LLC now owns 760,775 shares of the utilities provider’s stock worth $15,261,000 after acquiring an additional 195,460 shares during the period. Leibman Financial Services Inc. acquired a new stake in shares of AES during the 4th quarter worth approximately $2,375,000. M&G PLC increased its position in shares of AES by 12.7% during the third quarter. M&G PLC now owns 6,511,760 shares of the utilities provider’s stock valued at $130,235,000 after purchasing an additional 732,457 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV lifted its position in AES by 12.1% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 406,443 shares of the utilities provider’s stock worth $5,231,000 after purchasing an additional 43,792 shares during the period. 93.13% of the stock is owned by institutional investors.

AES Price Performance

Shares of AES stock opened at $10.55 on Friday. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 7.32, a price-to-earnings-growth ratio of 0.85 and a beta of 0.99. The AES Co. has a 12-month low of $10.33 and a 12-month high of $22.21. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The firm has a fifty day moving average of $12.36 and a 200-day moving average of $15.29.

AES Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.176 dividend. The ex-dividend date of this dividend is Friday, January 31st. This is a positive change from AES’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 6.67%. AES’s payout ratio is currently 48.61%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Bank of America initiated coverage on shares of AES in a research report on Monday, November 25th. They set an “underperform” rating and a $11.00 target price on the stock. Barclays dropped 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. Hsbc Global Res raised AES to a “strong-buy” rating in a report on Friday, December 13th. Mizuho decreased their target price on AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, November 21st. Finally, HSBC assumed coverage on AES in a research report on Friday, December 13th. They issued a “buy” rating and a $17.00 price objective on the stock. 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.80.

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.