ArrowMark Colorado Holdings LLC Makes New $5.52 Million Investment in The AES Co. (NYSE:AES)

ArrowMark Colorado Holdings LLC bought a new stake in shares of The AES Co. (NYSE:AES) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 275,000 shares of the utilities provider’s stock, valued at approximately $5,516,000.

Several other large investors also recently modified their holdings of AES. Cetera Advisors LLC grew its stake in AES by 77.8% during the first quarter. Cetera Advisors LLC now owns 18,045 shares of the utilities provider’s stock worth $324,000 after buying an additional 7,897 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of AES by 6.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 40,871 shares of the utilities provider’s stock worth $699,000 after acquiring an additional 2,327 shares in the last quarter. Mather Group LLC. increased its stake in AES by 45.1% in the second quarter. Mather Group LLC. now owns 6,001 shares of the utilities provider’s stock valued at $108,000 after acquiring an additional 1,864 shares during the last quarter. CWM LLC lifted its stake in AES by 2.4% during the second quarter. CWM LLC now owns 27,122 shares of the utilities provider’s stock worth $477,000 after purchasing an additional 628 shares during the last quarter. Finally, Simplicity Wealth LLC boosted its holdings in shares of AES by 23.1% in the 2nd quarter. Simplicity Wealth LLC now owns 225,000 shares of the utilities provider’s stock valued at $3,953,000 after purchasing an additional 42,177 shares in the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Price Performance

Shares of NYSE:AES opened at $13.01 on Tuesday. The firm has a market cap of $9.25 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 0.68 and a beta of 1.10. The AES Co. has a 52 week low of $12.53 and a 52 week high of $22.21. The firm’s fifty day moving average is $16.24 and its 200-day moving average is $17.63. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85.

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

AES Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.1725 per share. The ex-dividend date was Friday, November 1st. This represents a $0.69 annualized dividend and a yield of 5.30%. AES’s payout ratio is 47.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Evercore ISI raised AES to a “strong-buy” rating in a report on Wednesday, September 18th. Susquehanna lowered their target price on AES from $24.00 to $21.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. Mizuho reduced their price target on shares of AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, November 21st. Bank of America assumed coverage on shares of AES in a research report on Monday, November 25th. They set an “underperform” rating and a $11.00 price objective for the company. Finally, Barclays raised their target price on shares of AES from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $20.22.

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.