EntryPoint Capital LLC Raises Position in The AES Co. (NYSE:AES)

EntryPoint Capital LLC grew its stake in shares of The AES Co. (NYSE:AES) by 58.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,383 shares of the utilities provider’s stock after buying an additional 19,784 shares during the quarter. EntryPoint Capital LLC’s holdings in AES were worth $687,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Sound Shore Management Inc. CT purchased a new stake in shares of AES during the fourth quarter valued at approximately $69,083,000. Mountain Hill Investment Partners Corp. bought a new stake in AES in the 4th quarter worth $103,000. Stevens Capital Management LP increased its position in shares of AES by 154.7% in the fourth quarter. Stevens Capital Management LP now owns 41,734 shares of the utilities provider’s stock valued at $537,000 after acquiring an additional 25,348 shares during the period. LPL Financial LLC raised its stake in shares of AES by 8.1% during the fourth quarter. LPL Financial LLC now owns 519,975 shares of the utilities provider’s stock valued at $6,692,000 after acquiring an additional 38,964 shares during the last quarter. Finally, AXQ Capital LP grew its stake in shares of AES by 526.5% in the fourth quarter. AXQ Capital LP now owns 91,867 shares of the utilities provider’s stock worth $1,182,000 after purchasing an additional 77,203 shares during the last quarter. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

AES Stock Down 1.3 %

NYSE:AES opened at $12.88 on Tuesday. The firm has a 50-day simple moving average of $11.30 and a two-hundred day simple moving average of $13.92. The AES Co. has a fifty-two week low of $9.88 and a fifty-two week high of $22.21. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The firm has a market cap of $9.17 billion, a P/E ratio of 8.94, a P/E/G ratio of 0.82 and a beta of 0.94.

AES (NYSE:AES) last released its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.34 by $0.20. AES had a return on equity of 27.30% and a net margin of 8.34%. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period last year, the firm posted $0.73 earnings per share. Analysts predict that The AES Co. will post 1.93 earnings per share for the current fiscal 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 issued a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend is Thursday, May 1st. AES’s dividend payout ratio is 29.54%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AES shares. Mizuho dropped their price objective on AES from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Tuesday, March 4th. Seaport Res Ptn downgraded shares of AES from a “hold” rating to a “strong sell” rating in a research report on Monday, March 3rd. Bank of America raised shares of AES from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $11.00 to $13.00 in a research report on Tuesday, March 4th. HSBC began coverage on shares of AES in a research report on Friday, December 13th. They set a “buy” rating and a $17.00 price target on the stock. 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, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.30.

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.