One Capital Management LLC Purchases 39,300 Shares of The AES Co. (NYSE:AES)

One Capital Management LLC raised its stake in shares of The AES Co. (NYSE:AES) by 373.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,825 shares of the utilities provider’s stock after buying an additional 39,300 shares during the quarter. One Capital Management LLC’s holdings in AES were worth $641,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Millburn Ridgefield Corp purchased a new position in AES during the 3rd quarter valued at about $28,000. SRS Capital Advisors Inc. grew its holdings in shares of AES by 190.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 1,581 shares in the last quarter. WR Wealth Planners LLC grew its holdings in shares of AES by 93.3% during the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 1,369 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of AES during the third quarter worth about $63,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of AES during the third quarter worth about $139,000. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Stock Performance

Shares of AES stock opened at $11.23 on Friday. 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 AES Co. has a fifty-two week low of $9.88 and a fifty-two week high of $22.21. The stock has a 50 day moving average price of $11.35 and a two-hundred day moving average price of $14.38. 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 0.99.

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

AES Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently commented on AES shares. Bank of America raised AES from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $11.00 to $13.00 in a report on Tuesday. Barclays cut their price objective on AES from $17.00 to $12.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Hsbc Global Res raised AES to a “strong-buy” rating in a report on Friday, December 13th. Mizuho dropped their target price on AES from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Susquehanna dropped their target price on AES from $16.00 to $15.00 and set a “positive” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have given 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.com, AES 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.