Everpar Advisors LLC Invests $612,000 in The AES Co. (NYSE:AES)

Everpar Advisors LLC bought a new position in shares of The AES Co. (NYSE:AES) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 31,798 shares of the utilities provider’s stock, valued at approximately $612,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC raised its holdings in shares of AES by 38.6% during the third quarter. FMR LLC now owns 36,821,650 shares of the utilities provider’s stock valued at $559,689,000 after acquiring an additional 10,256,781 shares during the period. Electron Capital Partners LLC lifted its holdings in shares of AES by 9.3% in the third quarter. Electron Capital Partners LLC now owns 8,060,064 shares of the utilities provider’s stock valued at $122,513,000 after purchasing an additional 686,719 shares in the last quarter. Invesco Ltd. grew its holdings in shares of AES by 24.2% during the third quarter. Invesco Ltd. now owns 7,611,339 shares of the utilities provider’s stock valued at $115,692,000 after buying an additional 1,484,052 shares in the last quarter. Northern Trust Corp raised its position in AES by 0.5% during the third quarter. Northern Trust Corp now owns 6,108,260 shares of the utilities provider’s stock valued at $92,846,000 after buying an additional 29,488 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in AES by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,053,860 shares of the utilities provider’s stock worth $116,537,000 after acquiring an additional 325,564 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

Wall Street Analysts Forecast Growth

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

AES Stock Performance

NYSE AES traded down $0.06 during trading on Tuesday, hitting $18.82. The company’s stock had a trading volume of 8,983,229 shares, compared to its average volume of 8,338,118. The firm has a 50 day moving average price of $16.87 and a 200 day moving average price of $17.09. The AES Co. has a 52 week low of $11.43 and a 52 week high of $23.07. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 4.04. The firm has a market cap of $13.37 billion, a P/E ratio of 26.14 and a beta of 1.08.

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

AES Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.69 annualized dividend and a yield of 3.67%. AES’s dividend payout ratio is currently 95.83%.

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.