Tokio Marine Asset Management Co. Ltd. Has $455,000 Stake in The AES Co. (NYSE:AES)

Tokio Marine Asset Management Co. Ltd. decreased its stake in shares of The AES Co. (NYSE:AES) by 13.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,626 shares of the utilities provider’s stock after selling 3,534 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in AES were worth $455,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Private Trust Co. NA lifted its holdings in shares of AES by 68.8% in the 4th 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 in the last quarter. Allworth Financial LP lifted its holdings in shares of AES by 133.7% in the 4th quarter. Allworth Financial LP now owns 3,110 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 1,779 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of AES by 57.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,550 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 1,300 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of AES by 267.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,587 shares of the utilities provider’s stock worth $69,000 after purchasing an additional 2,611 shares in the last quarter. Finally, CX Institutional bought a new position in shares of AES in the 4th quarter worth $70,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating and issued a $25.00 target price on shares of AES in a report on Monday, March 25th. Mizuho began coverage on AES in a report on Thursday, April 18th. They issued a “buy” rating and a $21.00 target price on the stock. UBS Group dropped their price objective on AES from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 3rd. Barclays dropped their price objective on AES from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Finally, Argus restated a “buy” rating and set a $25.00 price objective on shares of AES in a research note on Tuesday, March 26th. One research 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 MarketBeat, AES currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.13.

AES Trading Up 0.5 %

NYSE AES opened at $17.21 on Friday. The stock has a market capitalization of $12.23 billion, a price-to-earnings ratio of 52.15 and a beta of 1.08. The AES Co. has a one year low of $11.43 and a one year high of $23.81. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.68 and a quick ratio of 0.61. The business’s fifty day moving average is $16.53 and its 200-day moving average is $16.80.

AES (NYSE:AES) last released its earnings results on Tuesday, February 27th. The utilities provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.06. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.36 billion. AES had a return on equity of 38.76% and a net margin of 2.12%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 EPS. Equities research analysts predict that The AES Co. will post 1.91 EPS for the current year.

AES Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 4.01%. The ex-dividend date is Tuesday, April 30th. AES’s dividend payout ratio (DPR) is currently 209.10%.

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.