Central Asset Investments & Management Holdings HK Ltd Acquires New Holdings in The AES Co. (NYSE:AES)

Central Asset Investments & Management Holdings HK Ltd bought a new stake in The AES Co. (NYSE:AES) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 38,000 shares of the utilities provider’s stock, valued at approximately $489,000.

Several other large investors have also recently bought and sold shares of the stock. Millburn Ridgefield Corp acquired a new position in shares of AES during the third quarter valued at approximately $28,000. Brooklyn Investment Group acquired a new position in shares of AES during the 3rd quarter valued at $63,000. Blue Trust Inc. raised its stake in shares of AES by 69.3% in the 3rd quarter. Blue Trust Inc. now owns 3,688 shares of the utilities provider’s stock worth $74,000 after buying an additional 1,509 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of AES in the third quarter valued at $139,000. Finally, Frazier Financial Advisors LLC boosted its stake in AES by 160.3% during the third quarter. Frazier Financial Advisors LLC now owns 6,983 shares of the utilities provider’s stock valued at $140,000 after buying an additional 4,300 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Price Performance

Shares of AES opened at $10.88 on Thursday. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 7.56, a P/E/G ratio of 0.82 and a beta of 0.99. The business’s 50-day moving average is $11.58 and its 200-day moving average is $14.61. The AES Co. has a fifty-two week low of $9.88 and a fifty-two week high of $22.21.

AES Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.47%. The ex-dividend date of this dividend is Thursday, May 1st. AES’s dividend payout ratio (DPR) is currently 48.61%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AES shares. HSBC initiated coverage on shares of AES in a report on Friday, December 13th. They issued a “buy” rating and a $17.00 price target for the company. Mizuho cut their price objective on AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, November 21st. Barclays decreased their target price on AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Bank of America assumed coverage on AES in a report on Monday, November 25th. They set an “underperform” rating and a $11.00 target price for the company. Finally, Hsbc Global Res raised AES to a “strong-buy” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.80.

AES 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.