2,639,035 Shares in The AES Co. (NYSE:AES) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of The AES Co. (NYSE:AES - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,639,035 shares of the utilities provider's stock, valued at approximately $33,964,000. Raymond James Financial Inc. owned about 0.37% of AES at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AES. Millburn Ridgefield Corp acquired a new position in shares of AES in the third quarter valued at $28,000. SRS Capital Advisors Inc. increased its holdings in shares of AES by 190.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 1,581 shares during the last quarter. WR Wealth Planners LLC increased its holdings 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 last quarter. Brooklyn Investment Group acquired a new position in shares of AES in the third quarter valued at $63,000. Finally, Cape Investment Advisory Inc. increased its holdings in shares of AES by 39.1% in the fourth quarter. Cape Investment Advisory Inc. now owns 6,978 shares of the utilities provider's stock valued at $90,000 after purchasing an additional 1,961 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Stock Performance

NYSE:AES opened at $12.30 on Friday. The company has a market capitalization of $8.74 billion, a PE ratio of 8.54, a P/E/G ratio of 0.82 and a beta of 0.94. The company has a 50 day simple moving average of $11.27 and a two-hundred day simple moving average of $14.19. 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 AES Co. has a fifty-two week low of $9.88 and a fifty-two week high of $22.21.

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AES (NYSE:AES - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.20. AES had a return on equity of 27.30% and a net margin of 8.34%. The firm had revenue of $2.96 billion for the quarter, compared to analysts' expectations of $3.07 billion. During the same period in the prior year, the business earned $0.73 EPS. Research analysts anticipate that The AES Co. will post 1.93 earnings per share for the current year.

AES Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a yield of 5.72%. The ex-dividend date of this dividend is Thursday, May 1st. AES's dividend payout ratio (DPR) is presently 29.54%.

Analyst Upgrades and Downgrades

AES has been the subject of a number of recent research reports. Bank of America raised shares of AES from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $11.00 to $13.00 in a research report on Tuesday, March 4th. Seaport Res Ptn cut shares of AES from a "hold" rating to a "strong sell" rating in a research report on Monday, March 3rd. Susquehanna cut their price objective on shares of AES from $16.00 to $15.00 and set a "positive" rating for the company in a research report on Wednesday, March 5th. Barclays cut their price objective on shares of AES from $17.00 to $12.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. Finally, Mizuho dropped their target price on shares of AES from $16.00 to $15.00 and set an "outperform" rating for the company in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $18.30.

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.

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