Evergreen Capital Management LLC Grows Stake in The AES Co. (NYSE:AES)

Evergreen Capital Management LLC boosted its position in The AES Co. (NYSE:AES) by 169.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,271,550 shares of the utilities provider’s stock after purchasing an additional 799,363 shares during the period. Evergreen Capital Management LLC owned about 0.18% of AES worth $16,365,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AES. Gabelli Funds LLC grew its position in AES by 0.7% during the fourth quarter. Gabelli Funds LLC now owns 3,680,600 shares of the utilities provider’s stock valued at $47,369,000 after buying an additional 27,000 shares during the period. Guggenheim Capital LLC raised its holdings in AES by 3.9% in the 4th quarter. Guggenheim Capital LLC now owns 416,260 shares of the utilities provider’s stock worth $5,357,000 after purchasing an additional 15,626 shares during the period. Mariner LLC lifted its position in AES by 5.4% during the fourth quarter. Mariner LLC now owns 84,061 shares of the utilities provider’s stock valued at $1,082,000 after purchasing an additional 4,319 shares in the last quarter. BTG Pactual Asset Management US LLC bought a new stake in AES during the fourth quarter valued at about $1,669,000. Finally, Townsquare Capital LLC increased its position in AES by 34.9% in the fourth quarter. Townsquare Capital LLC now owns 519,867 shares of the utilities provider’s stock worth $6,691,000 after buying an additional 134,481 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AES shares. Susquehanna cut their price objective on AES from $16.00 to $15.00 and set a “positive” rating for the company in a research note on Wednesday, March 5th. Mizuho reduced their price objective 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. Seaport Res Ptn downgraded shares of AES from a “hold” rating to a “strong sell” rating in a report on Monday, March 3rd. Barclays decreased their price target on AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $10.00 target price (down previously from $15.00) on shares of AES in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.67.

AES Stock Performance

NYSE AES opened at $10.28 on Wednesday. The stock has a market capitalization of $7.31 billion, a PE ratio of 7.14, a P/E/G ratio of 0.82 and a beta of 0.81. The AES Co. has a 1-year low of $9.88 and a 1-year high of $22.21. The business has a 50 day simple moving average of $11.32 and a two-hundred day simple moving average of $13.09. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80.

AES (NYSE:AES) last released its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.20. AES had a net margin of 8.34% and a return on equity of 27.30%. The company had revenue of $2.96 billion for 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. On average, research analysts predict that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given 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 6.85%. AES’s dividend payout ratio (DPR) is presently 29.54%.

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.