RWC Asset Management LLP Makes New $4.76 Million Investment in The AES Co. (NYSE:AES)

RWC Asset Management LLP bought a new stake in The AES Co. (NYSE:AES) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 370,023 shares of the utilities provider’s stock, valued at approximately $4,762,000. RWC Asset Management LLP owned approximately 0.05% of AES at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its stake in shares of AES by 18.2% during the 3rd quarter. State Street Corp now owns 38,651,752 shares of the utilities provider’s stock worth $775,354,000 after purchasing an additional 5,960,546 shares during the last quarter. Geode Capital Management LLC increased its position in AES by 1.1% during the third quarter. Geode Capital Management LLC now owns 16,513,917 shares of the utilities provider’s stock worth $330,125,000 after buying an additional 181,975 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in AES by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,694,239 shares of the utilities provider’s stock valued at $134,286,000 after buying an additional 82,956 shares during the period. M&G PLC lifted its position in shares of AES by 12.7% in the third quarter. M&G PLC now owns 6,511,760 shares of the utilities provider’s stock valued at $130,235,000 after buying an additional 732,457 shares during the last quarter. Finally, Empower Advisory Group LLC increased its holdings in shares of AES by 12.5% during the 4th quarter. Empower Advisory Group LLC now owns 3,961,827 shares of the utilities provider’s stock worth $50,989,000 after acquiring an additional 439,493 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Stock Down 1.1 %

AES stock opened at $10.56 on Monday. The company has a market cap of $7.50 billion, a PE ratio of 7.33, a price-to-earnings-growth ratio of 0.83 and a beta of 0.99. 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 AES Co. has a 52 week low of $9.88 and a 52 week high of $22.21. The business has a 50-day simple moving average of $11.70 and a 200 day simple moving average of $14.72.

AES Dividend Announcement

The company 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 dividend of $0.176 per share. This represents a $0.70 annualized dividend and a yield of 6.67%. AES’s dividend payout ratio is currently 48.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Susquehanna reduced their price objective on shares of AES from $24.00 to $21.00 and set a “positive” rating for the company in a research report on Tuesday, November 5th. Mizuho reduced their target price on shares of AES from $24.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, November 21st. Bank of America began coverage on shares of AES in a report on Monday, November 25th. They issued an “underperform” rating and a $11.00 price target on the stock. Hsbc Global Res upgraded AES to a “strong-buy” rating in a report on Friday, December 13th. Finally, Barclays lowered their target price on AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.80.

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.