Keybank National Association OH Invests $160,000 in The AES Co. (NYSE:AES)

Keybank National Association OH 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 12,442 shares of the utilities provider’s stock, valued at approximately $160,000.

A number of other hedge funds have also modified their holdings of the stock. Empowered Funds LLC increased its stake in shares of AES by 8.0% in the third quarter. Empowered Funds LLC now owns 11,179 shares of the utilities provider’s stock worth $224,000 after acquiring an additional 830 shares during the last quarter. OLD Second National Bank of Aurora increased its stake in shares of AES by 1.0% in the third quarter. OLD Second National Bank of Aurora now owns 84,624 shares of the utilities provider’s stock worth $1,698,000 after acquiring an additional 835 shares during the last quarter. Live Oak Investment Partners increased its stake in shares of AES by 3.9% in the third quarter. Live Oak Investment Partners now owns 29,241 shares of the utilities provider’s stock worth $587,000 after acquiring an additional 1,104 shares during the last quarter. Rockland Trust Co. boosted its holdings in AES by 7.4% in the fourth quarter. Rockland Trust Co. now owns 16,010 shares of the utilities provider’s stock worth $206,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in AES by 3.5% in the third quarter. Sanctuary Advisors LLC now owns 34,067 shares of the utilities provider’s stock worth $683,000 after purchasing an additional 1,141 shares in the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AES shares. Mizuho decreased their price objective on shares of AES from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Tuesday, March 4th. Seaport Res Ptn cut shares of AES from a “hold” rating to a “strong sell” rating in a report on Monday, March 3rd. Hsbc Global Res upgraded shares of AES to a “strong-buy” rating in a report on Friday, December 13th. Susquehanna decreased their price target on shares of AES from $16.00 to $15.00 and set a “positive” rating for the company in a report on Wednesday, March 5th. Finally, Barclays decreased their price target on shares of AES from $17.00 to $12.00 and set an “overweight” rating for the company in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.30.

AES Stock Up 1.9 %

Shares of AES opened at $12.01 on Wednesday. The AES Co. has a 52 week low of $9.88 and a 52 week high of $22.21. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The firm has a market capitalization of $8.54 billion, a P/E ratio of 8.34, a P/E/G ratio of 0.82 and a beta of 0.94. The company has a 50-day simple moving average of $11.29 and a 200-day simple moving average of $14.21.

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

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a dividend yield of 5.86%. The ex-dividend date is Thursday, May 1st. AES’s payout ratio is 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.