Parametrica Management Ltd Invests $138,000 in The AES Co. (NYSE:AES)

Parametrica Management Ltd bought a new stake in shares of The AES Co. (NYSE:AES) during the 4th quarter, Holdings Channel reports. The firm bought 10,723 shares of the utilities provider’s stock, valued at approximately $138,000.

Several other institutional investors have also recently made changes to their positions in the stock. Signature Estate & Investment Advisors LLC raised its stake in AES by 11.4% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 14,082 shares of the utilities provider’s stock worth $181,000 after acquiring an additional 1,436 shares during the period. EntryPoint Capital LLC raised its position in shares of AES by 58.9% during the 4th quarter. EntryPoint Capital LLC now owns 53,383 shares of the utilities provider’s stock valued at $687,000 after purchasing an additional 19,784 shares during the period. Sound Shore Management Inc. CT purchased a new position in shares of AES during the 4th quarter valued at $69,083,000. Mountain Hill Investment Partners Corp. bought a new position in AES in the 4th quarter worth $103,000. Finally, Stevens Capital Management LP increased its stake in AES by 154.7% in the 4th quarter. Stevens Capital Management LP now owns 41,734 shares of the utilities provider’s stock worth $537,000 after buying an additional 25,348 shares in the last quarter. Institutional investors own 93.13% of the company’s stock.

AES Price Performance

AES stock opened at $12.67 on Wednesday. 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. The stock has a market cap of $9.02 billion, a PE ratio of 8.80, a P/E/G ratio of 0.82 and a beta of 0.94. The company has a 50-day moving average price of $11.32 and a 200 day moving average price of $13.90.

AES (NYSE:AES) last issued its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.20. The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.07 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. During the same period last year, the company earned $0.73 EPS. Equities research analysts anticipate that The AES Co. will post 1.93 earnings per share for the current year.

AES Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.176 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a yield of 5.55%. AES’s payout ratio is 29.54%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Hsbc Global Res upgraded AES to a “strong-buy” rating in a research report on Friday, December 13th. Barclays dropped their target price on shares of AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Bank of America upgraded shares of AES from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $11.00 to $13.00 in a report on Tuesday, March 4th. HSBC assumed 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. Finally, Seaport Res Ptn downgraded AES from a “hold” rating to a “strong sell” rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.56.

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.