Providence Capital Advisors LLC lifted its position in shares of The AES Co. (NYSE:AES - Free Report) by 26.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 473,481 shares of the utilities provider's stock after buying an additional 100,498 shares during the period. Providence Capital Advisors LLC owned approximately 0.07% of AES worth $6,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in AES. Rockland Trust Co. increased its position in shares of AES by 7.4% during the fourth quarter. Rockland Trust Co. now owns 16,010 shares of the utilities provider's stock valued at $206,000 after acquiring an additional 1,110 shares during the last quarter. Sanctuary Advisors LLC boosted its position 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. WR Wealth Planners LLC increased its holdings in AES by 93.3% in the 4th 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. Millburn Ridgefield Corp acquired a new position in AES during the third quarter worth $28,000. Finally, Signature Estate & Investment Advisors LLC boosted its position in shares of AES by 11.4% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 14,082 shares of the utilities provider's stock worth $181,000 after buying an additional 1,436 shares during the period. Hedge funds and other institutional investors own 93.13% of the company's stock.
Wall Street Analysts Forecast Growth
AES has been the subject of a number of research analyst reports. Hsbc Global Res upgraded AES to a "strong-buy" rating in a report on Friday, December 13th. Mizuho dropped their price objective 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. Seaport Res Ptn lowered shares of AES from a "hold" rating to a "strong sell" rating in a report on Monday, March 3rd. Bank of America upgraded shares of AES from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $11.00 to $13.00 in a research note on Tuesday, March 4th. Finally, HSBC started coverage on AES in a report on Friday, December 13th. They issued a "buy" rating and a $17.00 target price for the company. One equities research 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $16.63.
Get Our Latest Stock Analysis on AES
AES Stock Down 0.1 %
Shares of AES traded down $0.02 during mid-day trading on Tuesday, reaching $12.41. The company's stock had a trading volume of 1,778,081 shares, compared to its average volume of 15,188,782. The company's 50 day moving average is $11.37 and its 200 day moving average is $13.77. The stock has a market cap of $8.83 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94. The AES Co. has a 12-month low of $9.88 and a 12-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.
AES (NYSE:AES - Get Free Report) last issued its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.54 earnings per share for the quarter, topping 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 the consensus estimate of $3.07 billion. During the same quarter in the previous year, the firm earned $0.73 EPS. Equities analysts anticipate that The AES Co. will post 1.93 EPS for the current fiscal year.
AES Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.176 dividend. This represents a $0.70 annualized dividend and a dividend yield of 5.67%. The ex-dividend date is Thursday, May 1st. AES's payout ratio is 29.54%.
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.
Featured Articles
Before you consider AES, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AES wasn't on the list.
While AES currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
