SG Americas Securities LLC Raises Stock Holdings in The AES Corporation $AES

SG Americas Securities LLC grew its stake in shares of The AES Corporation (NYSE:AES) by 128.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,147,438 shares of the utilities provider’s stock after buying an additional 4,021,385 shares during the period. SG Americas Securities LLC’s holdings in AES were worth $102,494,000 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 company. Lazard Asset Management LLC raised its stake in AES by 247.6% during the 2nd quarter. Lazard Asset Management LLC now owns 968,333 shares of the utilities provider’s stock worth $10,185,000 after acquiring an additional 689,741 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in AES in the 3rd quarter worth $4,585,000. Empowered Funds LLC increased its stake in AES by 763.3% in the 1st quarter. Empowered Funds LLC now owns 146,851 shares of the utilities provider’s stock worth $1,824,000 after buying an additional 129,841 shares in the last quarter. Ausbil Investment Management Ltd raised its holdings in AES by 64.4% during the third quarter. Ausbil Investment Management Ltd now owns 303,476 shares of the utilities provider’s stock valued at $3,994,000 after acquiring an additional 118,911 shares during the period. Finally, Campbell & CO Investment Adviser LLC lifted its position in shares of AES by 152.2% in the third quarter. Campbell & CO Investment Adviser LLC now owns 155,372 shares of the utilities provider’s stock valued at $2,045,000 after acquiring an additional 93,763 shares in the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Jefferies Financial Group lifted their target price on AES from $13.00 to $16.00 and gave the company a “hold” rating in a research note on Tuesday, February 3rd. Argus raised shares of AES from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Friday, December 5th. Wall Street Zen raised shares of AES from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of AES in a research note on Monday, December 29th. Finally, Mizuho downgraded shares of AES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $24.27.

AES Trading Down 0.0%

Shares of AES opened at $14.10 on Tuesday. The stock has a market capitalization of $10.04 billion, a PE ratio of 11.19, a P/E/G ratio of 0.54 and a beta of 0.95. The company’s fifty day moving average is $15.05 and its 200 day moving average is $14.31. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.69 and a current ratio of 0.77. The AES Corporation has a fifty-two week low of $9.46 and a fifty-two week high of $17.65.

AES (NYSE:AES) last posted its earnings results on Monday, March 2nd. The utilities provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. AES had a net margin of 7.40% and a return on equity of 19.93%. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the previous year, the firm posted $0.54 EPS. Sell-side analysts expect that The AES Corporation will post 1.93 earnings per share for the current fiscal year.

AES Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be paid a $0.176 dividend. This represents a $0.70 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, May 1st. AES’s dividend payout ratio (DPR) is presently 55.56%.

About AES

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company’s portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.