ProShare Advisors LLC Has $2.33 Million Holdings in The AES Co. (NYSE:AES)

ProShare Advisors LLC grew its holdings in The AES Co. (NYSE:AES) by 12.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 180,794 shares of the utilities provider’s stock after acquiring an additional 20,510 shares during the period. ProShare Advisors LLC’s holdings in AES were worth $2,327,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SRS Capital Advisors Inc. raised its stake in AES by 190.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 1,581 shares during the period. Optiver Holding B.V. increased its holdings in shares of AES by 79.5% in the fourth quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 1,201 shares during the last quarter. WR Wealth Planners LLC raised its position in shares of AES by 93.3% in the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 1,369 shares during the period. Covestor Ltd lifted its stake in shares of AES by 601.5% during the 4th quarter. Covestor Ltd now owns 5,745 shares of the utilities provider’s stock worth $74,000 after buying an additional 4,926 shares during the last quarter. Finally, AlphaQuest LLC boosted its holdings in shares of AES by 18,047.1% during the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider’s stock worth $79,000 after buying an additional 6,136 shares during the period. 93.13% of the stock is currently owned by institutional investors.

AES Price Performance

AES stock opened at $11.23 on Wednesday. The company’s 50-day moving average price is $11.27 and its two-hundred day moving average price is $11.89. The firm has a market cap of $7.99 billion, a P/E ratio of 7.80, a P/E/G ratio of 0.82 and a beta of 0.94. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The AES Co. has a 12 month low of $9.57 and a 12 month high of $22.21.

AES (NYSE:AES) last announced its quarterly earnings data 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 net margin of 8.34% and a return on equity of 27.30%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the business earned $0.60 earnings per share. The business’s revenue was down 5.2% compared to the same quarter last year. On average, analysts anticipate that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a dividend of $0.176 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $0.70 annualized dividend and a dividend yield of 6.27%. AES’s dividend payout ratio is currently 38.04%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AES. JPMorgan Chase & Co. cut their price objective on shares of AES from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Mizuho lowered their target price on AES from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. Citigroup reduced their price target on AES from $23.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Jefferies Financial Group cut AES from a “hold” rating to an “underperform” rating and lowered their price objective for the stock from $10.00 to $9.00 in a research report on Tuesday. Finally, Bank of America raised AES from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $11.00 to $13.00 in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $24.22.

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.