Massachusetts Financial Services Co. MA Has $95.17 Million Stake in The AES Co. (NYSE:AES)

Massachusetts Financial Services Co. MA reduced its stake in The AES Co. (NYSE:AES) by 0.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,394,487 shares of the utilities provider’s stock after selling 23,724 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.04% of AES worth $95,167,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Trexquant Investment LP grew its stake in AES by 67.7% in the 4th quarter. Trexquant Investment LP now owns 1,416,727 shares of the utilities provider’s stock valued at $18,233,000 after buying an additional 571,947 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of AES by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 16,895,678 shares of the utilities provider’s stock worth $216,862,000 after purchasing an additional 381,761 shares during the period. Cannell & Spears LLC acquired a new position in shares of AES during the 4th quarter worth about $322,000. Alliancebernstein L.P. boosted its stake in AES by 20.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,439,334 shares of the utilities provider’s stock valued at $18,524,000 after purchasing an additional 242,942 shares during the period. Finally, SCP Investment LP grew its holdings in AES by 384.7% in the 4th quarter. SCP Investment LP now owns 139,600 shares of the utilities provider’s stock valued at $1,797,000 after buying an additional 110,800 shares during the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AES shares. Seaport Res Ptn downgraded shares of AES from a “hold” rating to a “strong sell” rating in a research note on Monday, March 3rd. Hsbc Global Res upgraded shares of AES to a “strong-buy” rating in a report on Friday, December 13th. HSBC initiated coverage on shares of AES in a research note on Friday, December 13th. They issued a “buy” rating and a $17.00 target price for the company. Barclays cut their price target on AES from $17.00 to $12.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Finally, Susquehanna dropped their price objective on shares of AES from $16.00 to $15.00 and set a “positive” rating for the company in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.29.

AES Trading Down 9.5 %

AES stock opened at $10.77 on Friday. 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 twelve month low of $9.88 and a twelve month high of $22.21. The company has a market cap of $7.66 billion, a P/E ratio of 7.48, a PEG ratio of 0.82 and a beta of 0.81. The business has a fifty day moving average of $11.39 and a 200-day moving average of $13.64.

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

AES Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date of this dividend is Thursday, May 1st. AES’s dividend payout ratio (DPR) is currently 29.54%.

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.