The AES Co. (NYSE:AES) Shares Sold by Buckingham Capital Management Inc.

Buckingham Capital Management Inc. trimmed its position in shares of The AES Co. (NYSE:AES) by 17.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 191,154 shares of the utilities provider’s stock after selling 39,275 shares during the quarter. Buckingham Capital Management Inc.’s holdings in AES were worth $2,460,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Stephens Inc. AR boosted its stake in shares of AES by 67.1% in the 4th quarter. Stephens Inc. AR now owns 332,012 shares of the utilities provider’s stock valued at $4,273,000 after buying an additional 133,308 shares during the period. UMB Bank n.a. boosted its stake in shares of AES by 5,143.7% in the 4th quarter. UMB Bank n.a. now owns 76,977 shares of the utilities provider’s stock valued at $991,000 after buying an additional 75,509 shares during the period. Rock Point Advisors LLC boosted its stake in shares of AES by 34.6% in the 3rd quarter. Rock Point Advisors LLC now owns 760,775 shares of the utilities provider’s stock valued at $15,261,000 after buying an additional 195,460 shares during the period. Leibman Financial Services Inc. acquired a new position in AES during the fourth quarter worth approximately $2,375,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of AES by 47.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,174 shares of the utilities provider’s stock valued at $946,000 after purchasing an additional 23,764 shares during the period. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

AES Stock Down 1.9 %

Shares of NYSE:AES opened at $9.95 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The AES Co. has a 52-week low of $9.90 and a 52-week high of $22.21. The stock’s fifty day simple moving average is $11.95 and its 200-day simple moving average is $14.89. The company has a market capitalization of $7.07 billion, a P/E ratio of 6.91, a P/E/G ratio of 0.84 and a beta of 0.99.

AES Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.176 dividend. This is an increase from AES’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 7.08%. The ex-dividend date was Friday, January 31st. AES’s dividend payout ratio is currently 48.61%.

AES Company 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.