The AES Co. (NYSE:AES) Shares Purchased by Kerusso Capital Management LLC

Kerusso Capital Management LLC increased its position in shares of The AES Co. (NYSE:AES) by 77.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,560 shares of the utilities provider’s stock after purchasing an additional 119,682 shares during the period. AES accounts for approximately 2.3% of Kerusso Capital Management LLC’s portfolio, making the stock its 9th largest position. Kerusso Capital Management LLC’s holdings in AES were worth $3,534,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its stake in shares of AES by 18.2% during the third quarter. State Street Corp now owns 38,651,752 shares of the utilities provider’s stock worth $775,354,000 after purchasing an additional 5,960,546 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of AES by 1.1% during the third quarter. Geode Capital Management LLC now owns 16,513,917 shares of the utilities provider’s stock worth $330,125,000 after purchasing an additional 181,975 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of AES by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,694,239 shares of the utilities provider’s stock worth $134,286,000 after purchasing an additional 82,956 shares in the last quarter. M&G PLC boosted its stake in AES by 12.7% in the third quarter. M&G PLC now owns 6,511,760 shares of the utilities provider’s stock valued at $130,235,000 after acquiring an additional 732,457 shares in the last quarter. Finally, Two Sigma Advisers LP boosted 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 in the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AES shares. Bank of America started coverage on shares of AES in a research note on Monday, November 25th. They issued an “underperform” rating and a $11.00 price objective for the company. Susquehanna decreased their price objective on shares of AES from $24.00 to $21.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. HSBC started coverage on shares of AES in a research note on Friday, December 13th. They issued a “buy” rating and a $17.00 price objective for the company. Hsbc Global Res upgraded shares of AES to a “strong-buy” rating in a research note on Friday, December 13th. Finally, Barclays reduced their target price on shares of AES from $17.00 to $12.00 and set an “overweight” rating for the company in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $18.80.

AES Price Performance

Shares of AES opened at $9.95 on Monday. The AES Co. has a twelve month low of $9.90 and a twelve month high of $22.21. The stock’s 50 day moving average is $12.02 and its two-hundred day moving average is $14.95. The firm has a market capitalization of $7.07 billion, a PE ratio of 6.91, a P/E/G ratio of 0.84 and a beta of 0.99. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21.

AES Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a yield of 7.08%. The ex-dividend date of this dividend was Friday, January 31st. This is a positive change from AES’s previous quarterly dividend of $0.17. AES’s dividend payout ratio is currently 48.61%.

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.