Picton Mahoney Asset Management Purchases New Holdings in The AES Co. (NYSE:AES)

Picton Mahoney Asset Management bought a new stake in The AES Co. (NYSE:AES) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,456 shares of the utilities provider’s stock, valued at approximately $413,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AES. Private Trust Co. NA lifted its stake in AES by 68.8% during the fourth quarter. Private Trust Co. NA now owns 2,669 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 1,088 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of AES by 57.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,550 shares of the utilities provider’s stock valued at $54,000 after buying an additional 1,300 shares during the last quarter. Allworth Financial LP raised its stake in AES by 133.7% during the fourth quarter. Allworth Financial LP now owns 3,110 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 1,779 shares during the period. Parkside Financial Bank & Trust boosted its stake in AES by 267.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,587 shares of the utilities provider’s stock valued at $69,000 after acquiring an additional 2,611 shares during the period. Finally, CX Institutional bought a new position in shares of AES during the fourth quarter valued at approximately $70,000. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

AES Trading Up 2.9 %

Shares of NYSE:AES opened at $19.38 on Thursday. The AES Co. has a 1-year low of $11.43 and a 1-year high of $22.85. The company has a 50 day moving average price of $16.95 and a 200 day moving average price of $17.11. The stock has a market capitalization of $13.77 billion, a price-to-earnings ratio of 26.92 and a beta of 1.08. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.71 and a current ratio of 0.78.

AES (NYSE:AES) last issued its quarterly earnings results on Friday, May 3rd. The utilities provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.16. The firm had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.20 billion. AES had a return on equity of 36.23% and a net margin of 4.40%. AES’s revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS. On average, research analysts anticipate that The AES Co. will post 1.91 EPS for the current fiscal year.

AES Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Tuesday, April 30th. AES’s dividend payout ratio (DPR) is currently 95.83%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group reduced their price objective on AES from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, April 3rd. Mizuho initiated coverage on shares of AES in a research report on Thursday, April 18th. They set a “buy” rating and a $21.00 price target for the company. Morgan Stanley reiterated an “overweight” rating and issued a $25.00 price objective on shares of AES in a research report on Monday, March 25th. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price target on shares of AES in a research note on Tuesday, April 9th. Finally, Argus reiterated a “buy” rating and set a $25.00 price objective on shares of AES in a research report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.13.

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.