Cibc World Markets Corp Purchases 15,698 Shares of The AES Co. (NYSE:AES)

Cibc World Markets Corp lifted its position in shares of The AES Co. (NYSE:AES) by 16.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,178 shares of the utilities provider’s stock after buying an additional 15,698 shares during the quarter. Cibc World Markets Corp’s holdings in AES were worth $1,444,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. State Street Corp raised its position in shares of AES by 18.2% in the 3rd quarter. State Street Corp now owns 38,651,752 shares of the utilities provider’s stock worth $775,354,000 after acquiring an additional 5,960,546 shares in the last quarter. Geode Capital Management LLC increased its holdings in AES by 1.1% in the third quarter. Geode Capital Management LLC now owns 16,513,917 shares of the utilities provider’s stock worth $330,125,000 after purchasing an additional 181,975 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in AES by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,879,259 shares of the utilities provider’s stock valued at $88,536,000 after buying an additional 185,020 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of AES by 5.5% during the 4th quarter. Bank of New York Mellon Corp now owns 4,756,831 shares of the utilities provider’s stock worth $61,220,000 after buying an additional 249,486 shares in the last quarter. Finally, Empower Advisory Group LLC increased its stake in shares of AES by 12.5% in the 4th quarter. Empower Advisory Group LLC now owns 3,961,827 shares of the utilities provider’s stock valued at $50,989,000 after acquiring an additional 439,493 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Mizuho reduced their price target 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. Bank of America raised AES from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $11.00 to $13.00 in a research report on Tuesday, March 4th. Barclays reduced their price objective on AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. HSBC initiated coverage on AES in a research report on Friday, December 13th. They set a “buy” rating and a $17.00 target price on the stock. Finally, Susquehanna reduced their price target on shares of AES from $16.00 to $15.00 and set a “positive” rating for the company in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.30.

AES Stock Down 0.7 %

AES stock opened at $13.07 on Friday. The AES Co. has a fifty-two week low of $9.88 and a fifty-two 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’s 50-day simple moving average is $11.28 and its 200 day simple moving average is $13.99. The stock has a market cap of $9.30 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94.

AES (NYSE:AES) last announced its earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.20. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.07 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. During the same quarter in the previous year, the business earned $0.73 EPS. Research analysts predict that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.176 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.70 annualized dividend and a yield of 5.39%. AES’s payout ratio is currently 29.54%.

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.