A&I Financial Services LLC Acquires New Shares in The AES Co. (NYSE:AES)

A&I Financial Services LLC acquired a new stake in The AES Co. (NYSE:AES) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 28,439 shares of the utilities provider’s stock, valued at approximately $366,000.

A number of other hedge funds have also bought and sold shares of AES. Proficio Capital Partners LLC purchased a new position in shares of AES during the 4th quarter valued at $402,000. Oppenheimer Asset Management Inc. grew its position in shares of AES by 25.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 559,752 shares of the utilities provider’s stock valued at $7,204,000 after purchasing an additional 111,910 shares in the last quarter. Kovack Advisors Inc. purchased a new position in shares of AES during the 4th quarter valued at $366,000. Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of AES during the 4th quarter valued at $489,000. Finally, Corrado Advisors LLC grew its position in shares of AES by 20.2% during the 4th quarter. Corrado Advisors LLC now owns 86,721 shares of the utilities provider’s stock valued at $1,116,000 after purchasing an additional 14,551 shares in the last quarter. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on AES. Bank of America initiated coverage on shares of AES in a research report on Monday, November 25th. They set an “underperform” rating and a $11.00 price target for the company. Hsbc Global Res raised shares of AES to a “strong-buy” rating in a report on Friday, December 13th. HSBC began coverage on shares of AES in a report on Friday, December 13th. They set a “buy” rating and a $17.00 price objective for the company. Susquehanna lowered their price target on shares of AES from $24.00 to $21.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. Finally, Barclays lowered their price target on shares of AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $18.80.

AES Stock Performance

Shares of NYSE:AES opened at $10.41 on Friday. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 7.23, a price-to-earnings-growth ratio of 0.82 and a beta of 0.99. The company has a 50-day moving average price of $11.54 and a 200-day moving average price of $14.59. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The AES Co. has a 12 month low of $9.88 and a 12 month high of $22.21.

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a dividend yield of 6.76%. The ex-dividend date of this dividend is Thursday, May 1st. AES’s dividend payout ratio (DPR) is 48.61%.

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.