41,790 Shares in The AES Co. (NYSE:AES) Bought by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC acquired a new position in The AES Co. (NYSE:AES - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 41,790 shares of the utilities provider's stock, valued at approximately $538,000.

Several other large investors also recently added to or reduced their stakes in AES. New York State Teachers Retirement System raised its holdings in shares of AES by 1.0% in the 4th quarter. New York State Teachers Retirement System now owns 729,602 shares of the utilities provider's stock valued at $9,390,000 after acquiring an additional 7,001 shares in the last quarter. Avidian Wealth Enterprises LLC raised its stake in AES by 24.9% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 15,171 shares of the utilities provider's stock valued at $195,000 after purchasing an additional 3,027 shares in the last quarter. Stephens Inc. AR lifted its position in AES by 67.1% during the fourth quarter. Stephens Inc. AR now owns 332,012 shares of the utilities provider's stock valued at $4,273,000 after purchasing an additional 133,308 shares during the last quarter. Empowered Funds LLC grew its stake in AES by 52.2% in the 4th quarter. Empowered Funds LLC now owns 17,010 shares of the utilities provider's stock worth $219,000 after buying an additional 5,831 shares in the last quarter. Finally, Moloney Securities Asset Management LLC bought a new position in shares of AES in the 4th quarter worth $303,000. Institutional investors own 93.13% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on AES shares. Mizuho cut their target price on shares of AES from $24.00 to $16.00 and set an "outperform" rating for the company in a research report on Thursday, November 21st. Bank of America initiated coverage on AES in a report on Monday, November 25th. They issued an "underperform" rating and a $11.00 price objective for the company. HSBC began coverage on AES in a report on Friday, December 13th. They set a "buy" rating and a $17.00 price objective on the stock. Hsbc Global Res raised AES to a "strong-buy" rating in a research note on Friday, December 13th. Finally, Susquehanna lowered their price objective on shares of AES from $24.00 to $21.00 and set a "positive" rating for the company in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $18.80.

AES Trading Up 1.1 %

Shares of NYSE AES traded up $0.12 during mid-day trading on Wednesday, hitting $10.41. The stock had a trading volume of 10,033,216 shares, compared to its average volume of 14,476,716. The business has a 50 day moving average price of $11.82 and a two-hundred day moving average price of $14.82. The AES Co. has a 1 year low of $9.88 and a 1 year high of $22.21. 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 firm has a market cap of $7.40 billion, a P/E ratio of 7.23, a price-to-earnings-growth ratio of 0.77 and a beta of 0.99.

AES Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.176 per share. This is a positive change from AES's previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date was Friday, January 31st. AES's dividend payout ratio is currently 48.61%.

AES Profile

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.