Hudson Valley Investment Advisors Inc. ADV Boosts Stake in The AES Co. (NYSE:AES)

Hudson Valley Investment Advisors Inc. ADV grew its holdings in The AES Co. (NYSE:AES - Free Report) by 12.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 406,443 shares of the utilities provider's stock after acquiring an additional 43,792 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV owned 0.06% of AES worth $5,231,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of AES. DekaBank Deutsche Girozentrale raised its position in AES by 161.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 107,016 shares of the utilities provider's stock valued at $2,035,000 after acquiring an additional 66,145 shares in the last quarter. Rock Point Advisors LLC raised its position in AES by 34.6% during the third quarter. Rock Point Advisors LLC now owns 760,775 shares of the utilities provider's stock valued at $15,261,000 after acquiring an additional 195,460 shares in the last quarter. M&G PLC raised its position in AES by 12.7% during the third quarter. M&G PLC now owns 6,511,760 shares of the utilities provider's stock valued at $130,235,000 after acquiring an additional 732,457 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in AES by 28.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 257,368 shares of the utilities provider's stock valued at $5,163,000 after acquiring an additional 56,879 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in AES by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,694,239 shares of the utilities provider's stock valued at $134,286,000 after acquiring an additional 82,956 shares in the last quarter. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

AES Price Performance

Shares of NYSE:AES traded down $0.38 during trading on Friday, reaching $12.02. The stock had a trading volume of 16,106,087 shares, compared to its average volume of 12,752,768. 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 business has a fifty day moving average price of $13.31 and a 200-day moving average price of $16.20. The stock has a market cap of $8.55 billion, a PE ratio of 8.35, a PEG ratio of 0.71 and a beta of 1.00. The AES Co. has a 1-year low of $11.95 and a 1-year high of $22.21.

AES (NYSE:AES - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.11. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.46 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. The firm's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. On average, equities analysts forecast that The AES Co. will post 1.95 earnings per share for the current fiscal year.

AES Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.176 per share. The ex-dividend date is Friday, January 31st. This represents a $0.70 dividend on an annualized basis and a yield of 5.86%. This is a positive change from AES's previous quarterly dividend of $0.17. AES's payout ratio is 48.61%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. HSBC assumed coverage on AES in a research report on Friday, December 13th. They set a "buy" rating and a $17.00 price target for the company. Barclays dropped their price objective on AES from $23.00 to $17.00 and set an "overweight" rating on the stock in a report on Friday, December 13th. Evercore ISI raised AES to a "strong-buy" rating in a report on Wednesday, September 18th. Hsbc Global Res raised AES to a "strong-buy" rating in a report on Friday, December 13th. Finally, Mizuho dropped their price objective on AES from $24.00 to $16.00 and set an "outperform" rating on the stock in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $19.30.

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.