Proficio Capital Partners LLC Invests $402,000 in The AES Co. (NYSE:AES)

Proficio Capital Partners LLC acquired a new position in shares of The AES Co. (NYSE:AES - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 31,223 shares of the utilities provider's stock, valued at approximately $402,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AES. Millburn Ridgefield Corp purchased a new stake in shares of AES in the third quarter valued at about $28,000. SRS Capital Advisors Inc. grew its stake in AES by 190.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock valued at $31,000 after buying an additional 1,581 shares in the last quarter. WR Wealth Planners LLC lifted 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 worth $37,000 after buying an additional 1,369 shares in the last quarter. Brooklyn Investment Group bought a new position in AES in the 3rd quarter valued at $63,000. Finally, Cape Investment Advisory Inc. increased its stake in AES by 39.1% in the 4th quarter. Cape Investment Advisory Inc. now owns 6,978 shares of the utilities provider's stock worth $90,000 after acquiring an additional 1,961 shares during the last quarter. 93.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AES has been the topic of a number of recent research reports. Seaport Res Ptn cut AES from a "hold" rating to a "strong sell" rating in a research note on Monday, March 3rd. Susquehanna dropped their target price on shares of AES from $16.00 to $15.00 and set a "positive" rating on the stock in a report on Wednesday, March 5th. Bank of America raised AES from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $11.00 to $13.00 in a report on Tuesday, March 4th. Hsbc Global Res upgraded shares of AES to a "strong-buy" rating in a research note on Friday, December 13th. Finally, Barclays decreased their price target 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $16.63.

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AES Price Performance

AES traded down $0.02 on Friday, hitting $12.42. 11,081,428 shares of the company's stock were exchanged, compared to its average volume of 10,997,921. The stock has a market cap of $8.84 billion, a price-to-earnings ratio of 8.62, a P/E/G ratio of 0.82 and a beta of 0.94. The AES Co. has a fifty-two week low of $9.88 and a fifty-two week high of $22.21. The firm has a 50-day moving average price of $11.34 and a 200-day moving average price of $13.88. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21.

AES (NYSE:AES - Get Free Report) last posted its earnings results on Friday, February 28th. The utilities provider reported $0.54 EPS for the quarter, beating 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 company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. As a group, equities analysts anticipate that The AES Co. will post 1.93 earnings per share for the current year.

AES Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given 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 5.67%. AES's payout ratio is currently 29.54%.

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.