SCP Investment LP Has $1.80 Million Stake in The AES Co. (NYSE:AES)

SCP Investment LP increased its position in shares of The AES Co. (NYSE:AES) by 384.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 139,600 shares of the utilities provider’s stock after buying an additional 110,800 shares during the period. AES accounts for 1.4% of SCP Investment LP’s holdings, making the stock its 11th biggest holding. SCP Investment LP’s holdings in AES were worth $1,797,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Schroder Investment Management Group grew its position in shares of AES by 19.3% during the 4th quarter. Schroder Investment Management Group now owns 54,449 shares of the utilities provider’s stock worth $689,000 after buying an additional 8,809 shares during the period. Allstate Corp acquired a new stake in AES in the fourth quarter worth $268,000. Nomura Asset Management Co. Ltd. increased its stake in AES by 0.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 222,539 shares of the utilities provider’s stock valued at $2,864,000 after purchasing an additional 1,575 shares in the last quarter. Duff & Phelps Investment Management Co. increased its position in AES by 10.1% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 40,970 shares of the utilities provider’s stock valued at $527,000 after buying an additional 3,759 shares in the last quarter. Finally, Providence Capital Advisors LLC raised its position in shares of AES by 26.9% during the fourth quarter. Providence Capital Advisors LLC now owns 473,481 shares of the utilities provider’s stock worth $6,094,000 after purchasing an additional 100,498 shares during the period. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Stock Down 0.1 %

Shares of NYSE:AES opened at $12.42 on Friday. The AES Co. has a 1 year low of $9.88 and a 1 year high of $22.21. The company has a market capitalization of $8.84 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94. The business has a fifty day moving average price of $11.35 and a two-hundred day moving average price of $13.83. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80.

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

AES Dividend Announcement

The company also recently announced 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. This represents a $0.70 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date of this dividend is Thursday, May 1st. AES’s dividend payout ratio is currently 29.54%.

Analyst Ratings Changes

Several research firms have weighed in on AES. Seaport Res Ptn downgraded shares of AES from a “hold” rating to a “strong sell” rating in a report on Monday, March 3rd. HSBC started coverage on shares of AES in a research report on Friday, December 13th. They issued a “buy” rating and a $17.00 price target on the stock. Bank of America raised AES from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $11.00 to $13.00 in a research note on Tuesday, March 4th. Susquehanna cut their target price on AES from $16.00 to $15.00 and set a “positive” rating on the stock in a research report on Wednesday, March 5th. Finally, Hsbc Global Res raised AES to a “strong-buy” rating in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, AES currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.63.

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.