Whittier Trust Co. of Nevada Inc. Cuts Position in The AES Co. (NYSE:AES)

Whittier Trust Co. of Nevada Inc. decreased its position in The AES Co. (NYSE:AES) by 75.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,414 shares of the utilities provider’s stock after selling 212,256 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in AES were worth $868,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millburn Ridgefield Corp purchased a new stake in AES in the third quarter valued at approximately $28,000. SRS Capital Advisors Inc. increased its position in shares of AES by 190.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 1,581 shares during the period. WR Wealth Planners LLC increased its position in shares of AES by 93.3% during the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 1,369 shares during the period. Brooklyn Investment Group purchased a new stake in shares of AES during the third quarter worth $63,000. Finally, AlphaQuest LLC increased its position in shares of AES by 18,047.1% during the fourth quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider’s stock worth $79,000 after acquiring an additional 6,136 shares during the period. Hedge funds and other institutional investors own 93.13% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Hsbc Global Res raised AES to a “strong-buy” rating in a research report on Friday, December 13th. HSBC began coverage on shares of AES in a research note on Friday, December 13th. They set a “buy” rating and a $17.00 target price for the company. Mizuho lowered their target price on shares of AES from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, March 4th. Susquehanna lowered their target price on shares of AES from $16.00 to $15.00 and set a “positive” rating for the company in a research note on Wednesday, March 5th. Finally, Bank of America upgraded shares of AES from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $11.00 to $13.00 in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.30.

AES Stock Performance

NYSE AES opened at $13.07 on Friday. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The AES Co. has a 1 year low of $9.88 and a 1 year high of $22.21. The company has a market capitalization of $9.30 billion, a PE ratio of 9.07, a P/E/G ratio of 0.82 and a beta of 0.94. The company has a fifty day moving average of $11.28 and a two-hundred day moving average of $13.97.

AES (NYSE:AES) last announced its earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.20. AES had a net margin of 8.34% and a return on equity of 27.30%. The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the prior year, the firm earned $0.73 earnings per share. As a group, analysts expect that The AES Co. will post 1.93 earnings per share for the current year.

AES Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 5.39%. AES’s dividend payout ratio is currently 29.54%.

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.