Point View Wealth Management Inc. Trims Stake in AES Corp (AES)

Point View Wealth Management Inc. trimmed its position in shares of AES Corp (NYSE:AES) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 156,896 shares of the utilities provider’s stock after selling 12,036 shares during the period. Point View Wealth Management Inc.’s holdings in AES were worth $1,699,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. increased its stake in shares of AES by 1.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 348,490 shares of the utilities provider’s stock worth $3,773,000 after buying an additional 5,700 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in shares of AES by 19.8% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 41,834 shares of the utilities provider’s stock worth $453,000 after buying an additional 6,921 shares during the period. CAPROCK Group Inc. increased its stake in shares of AES by 69.5% during the fourth quarter. CAPROCK Group Inc. now owns 19,692 shares of the utilities provider’s stock worth $217,000 after buying an additional 8,073 shares during the period. Rhumbline Advisers increased 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 buying an additional 8,305 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in shares of AES by 8.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 131,526 shares of the utilities provider’s stock worth $1,424,000 after buying an additional 9,930 shares during the period. Hedge funds and other institutional investors own 90.40% of the company’s stock.

AES Corp (AES) opened at $10.27 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 3.20. The stock has a market cap of $6,815.19, a P/E ratio of -8.78, a PEG ratio of 1.09 and a beta of 1.26. AES Corp has a 1 year low of $9.86 and a 1 year high of $12.05.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, January 31st. This is a positive change from AES’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.06%. AES’s dividend payout ratio (DPR) is -44.44%.

Several equities analysts have commented on AES shares. Morgan Stanley dropped their price target on shares of AES from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research note on Wednesday, December 13th. Bank of America upgraded shares of AES from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Monday, November 13th. ValuEngine upgraded shares of AES from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. SunTrust Banks set a $14.00 price target on shares of AES and gave the company a “buy” rating in a research note on Monday. Finally, UBS Group started coverage on shares of AES in a research note on Friday, February 2nd. They issued a “neutral” rating and a $12.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $12.42.

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AES Profile

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.

Institutional Ownership by Quarter for AES (NYSE:AES)

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