Fifth Third Bancorp Has $670,000 Holdings in The AES Co. (NYSE:AES)

Fifth Third Bancorp trimmed its stake in The AES Co. (NYSE:AESFree Report) by 32.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,092 shares of the utilities provider’s stock after selling 25,289 shares during the period. Fifth Third Bancorp’s holdings in AES were worth $670,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Cromwell Holdings LLC increased its stake in AES by 59.1% during the third quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 640 shares during the period. SeaCrest Wealth Management LLC increased its position in shares of AES by 3.2% during the third quarter. SeaCrest Wealth Management LLC now owns 26,301 shares of the utilities provider’s stock valued at $528,000 after purchasing an additional 826 shares during the period. Empowered Funds LLC lifted its position in AES by 8.0% in the third quarter. Empowered Funds LLC now owns 11,179 shares of the utilities provider’s stock worth $224,000 after purchasing an additional 830 shares during the period. OLD Second National Bank of Aurora boosted its stake in AES by 1.0% during the third quarter. OLD Second National Bank of Aurora now owns 84,624 shares of the utilities provider’s stock worth $1,698,000 after buying an additional 835 shares in the last quarter. Finally, Live Oak Investment Partners increased its holdings in AES by 3.9% in the 3rd quarter. Live Oak Investment Partners now owns 29,241 shares of the utilities provider’s stock valued at $587,000 after buying an additional 1,104 shares during the period. Institutional investors and hedge funds own 93.13% of the company’s stock.

Wall Street Analysts Forecast Growth

AES has been the topic of several recent research reports. Barclays decreased their target price on shares of AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday. HSBC started coverage on AES in a research note on Friday, December 13th. They issued a “buy” rating and a $17.00 price objective on the stock. Hsbc Global Res upgraded AES to a “strong-buy” rating in a research report on Friday, December 13th. Bank of America initiated coverage on AES in a research report on Monday, November 25th. They issued an “underperform” rating and a $11.00 price target on the stock. Finally, Susquehanna reduced their target price on shares of AES from $24.00 to $21.00 and set a “positive” rating on the stock in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AES presently has an average rating of “Moderate Buy” and a consensus target price of $18.80.

Check Out Our Latest Analysis on AES

AES Price Performance

Shares of AES stock opened at $11.16 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The firm has a market capitalization of $7.93 billion, a price-to-earnings ratio of 7.75, a PEG ratio of 0.56 and a beta of 1.00. The firm’s 50 day moving average is $12.63 and its 200-day moving average is $15.54. The AES Co. has a 1 year low of $10.81 and a 1 year high of $22.21.

AES (NYSE:AESGet Free Report) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. AES had a return on equity of 27.30% and a net margin of 8.34%. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same period last year, the company earned $0.60 EPS. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. Sell-side analysts forecast that The AES Co. will post 1.95 EPS for the current fiscal year.

AES Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 6.31%. This is a positive change from AES’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, January 31st. AES’s dividend payout ratio (DPR) is presently 48.61%.

AES Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AES (NYSE:AES)

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