Nissay Asset Management Corp Japan ADV Purchases 1,382 Shares of The AES Co. (NYSE:AES)

Nissay Asset Management Corp Japan ADV grew its position in shares of The AES Co. (NYSE:AES) by 1.6% in the 4th quarter, HoldingsChannel reports. The firm owned 85,866 shares of the utilities provider’s stock after acquiring an additional 1,382 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in AES were worth $1,095,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of AES. FMR LLC increased its holdings in shares of AES by 19.5% in the fourth quarter. FMR LLC now owns 49,173,626 shares of the utilities provider’s stock worth $632,865,000 after buying an additional 8,027,426 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of AES by 35.7% in the fourth quarter. Ameriprise Financial Inc. now owns 28,571,119 shares of the utilities provider’s stock worth $367,499,000 after buying an additional 7,519,129 shares during the period. Invesco Ltd. increased its holdings in shares of AES by 64.2% in the fourth quarter. Invesco Ltd. now owns 15,948,807 shares of the utilities provider’s stock worth $205,261,000 after buying an additional 6,238,087 shares during the period. Sound Shore Management Inc. CT purchased a new position in shares of AES in the fourth quarter worth about $69,083,000. Finally, Empyrean Capital Partners LP purchased a new position in shares of AES in the fourth quarter worth about $48,327,000. Hedge funds and other institutional investors own 93.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AES shares. Barclays lowered their price target on AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Bank of America raised AES from an “underperform” rating to a “neutral” rating and upped their price target for the company from $11.00 to $13.00 in a research report on Tuesday, March 4th. Citigroup lowered their price target on AES from $23.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Jefferies Financial Group reaffirmed a “hold” rating and set a $10.00 price target (down previously from $15.00) on shares of AES in a research report on Thursday, April 10th. Finally, JPMorgan Chase & Co. lowered their price target on AES from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $24.33.

AES Trading Down 1.7%

Shares of AES stock opened at $12.19 on Monday. The AES Co. has a 52-week low of $9.57 and a 52-week high of $22.21. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The firm has a market capitalization of $8.68 billion, a PE ratio of 8.46, a PEG ratio of 0.82 and a beta of 0.94. The stock has a fifty day simple moving average of $11.29 and a two-hundred day simple moving average of $11.92.

AES (NYSE:AES) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.10). AES had a return on equity of 27.30% and a net margin of 8.34%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the company posted $0.60 EPS. The company’s quarterly revenue was down 5.2% on a year-over-year basis. On average, analysts predict that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a $0.176 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a yield of 5.78%. AES’s payout ratio is presently 38.04%.

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.