Xponance Inc. Has $5.59 Million Stock Holdings in The AES Co. (NYSE:AES)

Xponance Inc. decreased its stake in The AES Co. (NYSE:AES) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 290,422 shares of the utilities provider’s stock after selling 10,664 shares during the period. Xponance Inc.’s holdings in AES were worth $5,591,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AES. FMR LLC increased its stake in shares of AES by 38.6% in the third quarter. FMR LLC now owns 36,821,650 shares of the utilities provider’s stock valued at $559,689,000 after buying an additional 10,256,781 shares during the period. CI Investments Inc. increased its stake in shares of AES by 18,505.6% in the third quarter. CI Investments Inc. now owns 2,030,429 shares of the utilities provider’s stock valued at $30,862,000 after buying an additional 2,019,516 shares during the period. Invesco Ltd. increased its stake in shares of AES by 24.2% in the third quarter. Invesco Ltd. now owns 7,611,339 shares of the utilities provider’s stock valued at $115,692,000 after buying an additional 1,484,052 shares during the period. Barclays PLC boosted its position in shares of AES by 114.1% during the 3rd quarter. Barclays PLC now owns 2,677,405 shares of the utilities provider’s stock valued at $40,697,000 after purchasing an additional 1,426,662 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of AES by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 83,790,219 shares of the utilities provider’s stock valued at $2,155,923,000 after purchasing an additional 1,285,423 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Stock Up 0.8 %

Shares of NYSE:AES opened at $16.41 on Friday. The AES Co. has a 52-week low of $11.43 and a 52-week high of $24.33. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.61 and a current ratio of 0.68. The business’s 50 day simple moving average is $16.47 and its two-hundred day simple moving average is $16.65. The firm has a market cap of $11.66 billion, a P/E ratio of 49.71 and a beta of 1.08.

AES (NYSE:AES) last posted its earnings results on Tuesday, February 27th. The utilities provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06. AES had a return on equity of 38.76% and a net margin of 2.12%. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same quarter last year, the company earned $0.49 earnings per share. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, research analysts forecast that The AES Co. will post 1.91 EPS for the current fiscal year.

AES Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.1725 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.21%. AES’s dividend payout ratio is presently 209.09%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays cut their target price on AES from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. Morgan Stanley restated an “overweight” rating and set a $25.00 target price on shares of AES in a research report on Monday, March 25th. Argus restated a “buy” rating and set a $25.00 target price on shares of AES in a research report on Tuesday, March 26th. Royal Bank of Canada restated an “outperform” rating and set a $22.00 target price on shares of AES in a research report on Tuesday, April 9th. Finally, Mizuho started coverage on AES in a report on Thursday. They issued a “buy” rating and a $21.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.13.

About AES

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.