Douglass Winthrop Advisors LLC Has $712,000 Stake in AES Corp (AES)
Douglass Winthrop Advisors LLC lessened its stake in shares of AES Corp (NYSE:AES) by 14.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,700 shares of the utilities provider’s stock after selling 11,068 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in AES were worth $712,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in AES. Nationwide Fund Advisors raised its stake in shares of AES by 4.2% during the third quarter. Nationwide Fund Advisors now owns 1,200,530 shares of the utilities provider’s stock worth $13,230,000 after purchasing an additional 48,256 shares during the last quarter. Aperio Group LLC raised its stake in shares of AES by 3.9% during the third quarter. Aperio Group LLC now owns 344,245 shares of the utilities provider’s stock worth $3,794,000 after purchasing an additional 12,951 shares during the last quarter. Advantus Capital Management Inc raised its stake in shares of AES by 21.6% during the third quarter. Advantus Capital Management Inc now owns 416,354 shares of the utilities provider’s stock worth $4,588,000 after purchasing an additional 74,012 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of AES by 12.0% during the third quarter. Toronto Dominion Bank now owns 250,446 shares of the utilities provider’s stock worth $2,759,000 after purchasing an additional 26,827 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of AES by 0.7% during the third quarter. Rhumbline Advisers now owns 1,116,591 shares of the utilities provider’s stock worth $12,305,000 after purchasing an additional 8,305 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.
AES Corp (NYSE:AES) opened at $10.86 on Monday. The stock has a market capitalization of $7,172.95, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 1.13 and a beta of 1.26. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.06 and a quick ratio of 0.97. AES Corp has a 52-week low of $9.86 and a 52-week high of $12.05.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were issued a $0.13 dividend. This is a positive change from AES’s previous quarterly dividend of $0.12. The ex-dividend date was Wednesday, January 31st. This represents a $0.52 annualized dividend and a yield of 4.79%. AES’s dividend payout ratio is -29.55%.
Several equities research analysts have recently commented on the company. ValuEngine upgraded AES from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. SunTrust Banks set a $14.00 price objective on AES and gave the stock a “buy” rating in a research report on Monday, February 12th. UBS Group began coverage on AES in a research report on Friday, February 2nd. They issued a “neutral” rating and a $12.00 price objective for the company. Morgan Stanley cut their price objective on AES from $14.00 to $12.50 and set an “equal weight” rating for the company in a research report on Wednesday, December 13th. Finally, Bank of America upgraded AES from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Monday, November 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $12.42.
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The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.
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