28,467 Shares in The AES Co. (NYSE:AES) Bought by Kovack Advisors Inc.

Kovack Advisors Inc. purchased a new stake in The AES Co. (NYSE:AES - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 28,467 shares of the utilities provider's stock, valued at approximately $366,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Millburn Ridgefield Corp purchased a new stake in AES during the 3rd quarter worth approximately $28,000. Brooklyn Investment Group purchased a new stake in AES during the 3rd quarter worth approximately $63,000. Toth Financial Advisory Corp purchased a new stake in AES during the 4th quarter worth approximately $95,000. Kestra Investment Management LLC purchased a new stake in AES during the 4th quarter worth approximately $95,000. Finally, Wilmington Savings Fund Society FSB increased its stake in AES by 22.4% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 8,472 shares of the utilities provider's stock worth $109,000 after buying an additional 1,551 shares during the period. 93.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AES. Mizuho cut their target price on shares of AES from $24.00 to $16.00 and set an "outperform" rating on the stock in a research note on Thursday, November 21st. Hsbc Global Res raised shares of AES to a "strong-buy" rating in a research note on Friday, December 13th. Barclays dropped their price objective on shares of AES from $17.00 to $12.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. HSBC assumed coverage on shares of AES in a research report on Friday, December 13th. They issued a "buy" rating and a $17.00 price objective on the stock. Finally, Susquehanna dropped their price objective on shares of AES from $24.00 to $21.00 and set a "positive" rating on the stock in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, AES has a consensus rating of "Moderate Buy" and a consensus target price of $18.80.

AES Stock Down 3.5 %

Shares of AES stock traded down $0.41 during trading hours on Monday, hitting $11.18. The company had a trading volume of 25,008,212 shares, compared to its average volume of 16,107,001. The company's 50-day moving average is $11.51 and its two-hundred day moving average is $14.52. The AES Co. has a twelve month low of $9.88 and a twelve month high of $22.21. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The company has a market cap of $7.95 billion, a P/E ratio of 7.76, a price-to-earnings-growth ratio of 0.82 and a beta of 0.99.

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

AES Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date of this dividend is Thursday, May 1st. AES's dividend payout ratio is currently 48.61%.

About AES

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.