Atomi Financial Group Inc. Sells 10,237 Shares of The AES Co. (NYSE:AES)

Atomi Financial Group Inc. lessened its stake in shares of The AES Co. (NYSE:AES) by 46.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,874 shares of the utilities provider’s stock after selling 10,237 shares during the period. Atomi Financial Group Inc.’s holdings in AES were worth $153,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AES. State Street Corp boosted its holdings in shares of AES by 18.2% in the 3rd quarter. State Street Corp now owns 38,651,752 shares of the utilities provider’s stock valued at $775,354,000 after buying an additional 5,960,546 shares during the last quarter. Assenagon Asset Management S.A. raised its position in AES by 169.5% during the third quarter. Assenagon Asset Management S.A. now owns 2,143,688 shares of the utilities provider’s stock worth $43,002,000 after acquiring an additional 1,348,195 shares in the last quarter. Two Sigma Advisers LP lifted its stake in AES by 30.3% in the third quarter. Two Sigma Advisers LP now owns 3,838,500 shares of the utilities provider’s stock valued at $77,000,000 after acquiring an additional 892,500 shares during the last quarter. Bridgewater Associates LP acquired a new position in shares of AES during the 3rd quarter worth about $17,390,000. Finally, M&G PLC raised its holdings in shares of AES by 12.7% in the 3rd quarter. M&G PLC now owns 6,511,760 shares of the utilities provider’s stock valued at $130,235,000 after purchasing an additional 732,457 shares during the period. 93.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

AES Price Performance

Shares of AES stock opened at $11.45 on Tuesday. The company has a 50-day simple moving average of $12.72 and a two-hundred day simple moving average of $15.63. The AES Co. has a twelve month low of $11.08 and a twelve month high of $22.21. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21.

AES (NYSE:AES) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.46 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. During the same period in the previous year, the business earned $0.60 earnings per share. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. Analysts forecast that The AES Co. will post 1.95 EPS for the current year.

AES Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.176 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.15%. This is a boost from AES’s previous quarterly dividend of $0.17. AES’s dividend payout ratio (DPR) is presently 47.92%.

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.