A&I Financial Services LLC purchased a new position in shares of The AES Co. (NYSE:AES - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 28,439 shares of the utilities provider's stock, valued at approximately $366,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC raised its stake in shares of AES by 8.0% during the 3rd quarter. Empowered Funds LLC now owns 11,179 shares of the utilities provider's stock worth $224,000 after buying an additional 830 shares in the last quarter. OLD Second National Bank of Aurora grew its holdings 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 acquiring an additional 835 shares during the period. Live Oak Investment Partners lifted its holdings in AES by 3.9% in the third quarter. Live Oak Investment Partners now owns 29,241 shares of the utilities provider's stock valued at $587,000 after acquiring an additional 1,104 shares during the period. Rockland Trust Co. boosted its position in shares of AES by 7.4% during the 4th quarter. Rockland Trust Co. now owns 16,010 shares of the utilities provider's stock worth $206,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its stake in shares of AES by 3.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 34,067 shares of the utilities provider's stock worth $683,000 after purchasing an additional 1,141 shares during the period. 93.13% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms recently commented on AES. Bank of America started coverage on shares of AES in a report on Monday, November 25th. They set an "underperform" rating and a $11.00 price objective on the stock. Barclays lowered their price target on AES from $17.00 to $12.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Susquehanna reduced their price objective on AES from $24.00 to $21.00 and set a "positive" rating for the company in a report on Tuesday, November 5th. Mizuho lowered their target price on AES from $24.00 to $16.00 and set an "outperform" rating on the stock in a report on Thursday, November 21st. Finally, Hsbc Global Res raised AES to a "strong-buy" rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $18.80.
Check Out Our Latest Stock Report on AES
AES Trading Down 3.5 %
Shares of NYSE:AES traded down $0.41 during trading on Monday, reaching $11.18. The stock had a trading volume of 24,873,395 shares, compared to its average volume of 16,103,375. 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 stock has a market cap of $7.95 billion, a P/E ratio of 7.76, a PEG ratio of 0.82 and a beta of 0.99. The business has a fifty day moving average price of $11.51 and a 200-day moving average price of $14.52. The AES Co. has a fifty-two week low of $9.88 and a fifty-two week high of $22.21.
AES (NYSE:AES - Get Free Report) last issued its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.20. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.07 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. During the same quarter in the prior year, the company posted $0.73 EPS. As a group, analysts anticipate that The AES Co. will post 1.93 earnings per share for the current fiscal year.
AES Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.176 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.70 annualized dividend and a dividend yield of 6.30%. AES's payout ratio is currently 48.61%.
About AES
(
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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