The AES Co. (NYSE:AES) Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC grew its holdings in shares of The AES Co. (NYSE:AES) by 31.5% during the fourth quarter, Holdings Channel reports. The firm owned 41,176 shares of the utilities provider’s stock after acquiring an additional 9,853 shares during the quarter. NEOS Investment Management LLC’s holdings in AES were worth $530,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp lifted its holdings in AES by 18.2% in the third 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 during the last quarter. Geode Capital Management LLC lifted its holdings in shares of AES by 1.1% in the 3rd 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its position in AES by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,879,259 shares of the utilities provider’s stock valued at $88,536,000 after purchasing an additional 185,020 shares during the period. Sound Shore Management Inc. CT bought a new position in AES during the 4th quarter worth $69,083,000. Finally, Bank of New York Mellon Corp lifted its stake in AES by 5.5% in the fourth quarter. Bank of New York Mellon Corp now owns 4,756,831 shares of the utilities provider’s stock valued at $61,220,000 after buying an additional 249,486 shares during the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Price Performance

NYSE:AES opened at $12.42 on Monday. The AES Co. has a 52-week low of $9.88 and a 52-week high of $22.21. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The firm has a market cap of $8.84 billion, a P/E ratio of 8.62, a PEG ratio of 0.82 and a beta of 0.94. The business’s 50-day moving average price is $11.35 and its 200 day moving average price is $13.81.

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

AES Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date of this dividend is Thursday, May 1st. AES’s dividend payout ratio (DPR) is presently 29.54%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Bank of America raised shares of 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 report on Tuesday, March 4th. Susquehanna dropped their price target 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. Barclays reduced their price objective on AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Hsbc Global Res raised AES to a “strong-buy” rating in a research note on Friday, December 13th. Finally, HSBC initiated coverage on AES in a research report on Friday, December 13th. They set a “buy” rating and a $17.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.