Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.95 Million Stake in The AES Co. (NYSE:AES)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in The AES Co. (NYSE:AES) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 151,186 shares of the utilities provider’s stock after selling 3,575 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in AES were worth $1,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC grew 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 valued at $224,000 after acquiring an additional 830 shares in the last quarter. Rockland Trust Co. boosted its holdings in AES by 7.4% in the 4th quarter. Rockland Trust Co. now owns 16,010 shares of the utilities provider’s stock valued at $206,000 after purchasing an additional 1,110 shares during the period. Sanctuary Advisors LLC increased its holdings in shares of AES by 3.5% during 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 during the period. WR Wealth Planners LLC raised its position in shares of AES by 93.3% in the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock valued at $37,000 after buying an additional 1,369 shares in the last quarter. Finally, Millburn Ridgefield Corp acquired a new stake in AES during the third quarter worth approximately $28,000. 93.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AES shares. Hsbc Global Res upgraded AES to a “strong-buy” rating in a research report on Friday, December 13th. Susquehanna reduced their price objective on shares of AES from $16.00 to $15.00 and set a “positive” rating on the stock in a research note on Wednesday, March 5th. Seaport Res Ptn cut shares of AES from a “hold” rating to a “strong sell” rating in a research report on Monday, March 3rd. Bank of America raised shares of AES from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $11.00 to $13.00 in a research note on Tuesday, March 4th. Finally, Mizuho cut their target price on AES from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $17.56.

AES Stock Down 1.6 %

Shares of AES opened at $12.67 on Wednesday. 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 52 week low of $9.88 and a 52 week high of $22.21. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 0.82 and a beta of 0.94. The stock has a fifty day moving average of $11.32 and a 200-day moving average of $13.90.

AES (NYSE:AES) last announced its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.20. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.07 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. During the same period last year, the firm posted $0.73 earnings per share. As a group, sell-side analysts anticipate that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.55%. AES’s dividend payout ratio (DPR) is presently 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.