Providence Capital Advisors LLC Has $6.47 Million Holdings in The AES Co. (NYSE:AES)

Providence Capital Advisors LLC lifted its position in shares of The AES Co. (NYSE:AES) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 368,036 shares of the utilities provider’s stock after buying an additional 3,086 shares during the quarter. AES comprises about 1.4% of Providence Capital Advisors LLC’s holdings, making the stock its 18th largest position. Providence Capital Advisors LLC owned 0.05% of AES worth $6,466,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AES. Rise Advisors LLC increased its position in shares of AES by 92.4% during the second quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock worth $26,000 after buying an additional 720 shares during the period. Rothschild Investment LLC bought a new position in AES during the second quarter worth $28,000. UMB Bank n.a. boosted its stake in AES by 102.3% during the second quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 898 shares in the last quarter. Riverview Trust Co bought a new position in AES during the first quarter worth $33,000. Finally, nVerses Capital LLC bought a new position in AES during the second quarter worth $33,000. 93.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AES has been the topic of several research analyst reports. Evercore ISI raised shares of AES to a “strong-buy” rating in a research note on Wednesday, September 18th. Barclays dropped their price objective on shares of AES from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Finally, Jefferies Financial Group began coverage on shares of AES in a research note on Wednesday, September 11th. They issued a “buy” rating and a $20.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, AES presently has an average rating of “Moderate Buy” and an average target price of $21.50.

AES Stock Up 2.2 %

AES opened at $19.32 on Tuesday. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.97 and a quick ratio of 0.91. The company’s 50-day moving average is $17.45 and its 200 day moving average is $18.06. The AES Co. has a fifty-two week low of $11.43 and a fifty-two week high of $22.21. The firm has a market capitalization of $13.73 billion, a P/E ratio of 26.83 and a beta of 1.07.

AES (NYSE:AES) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. AES had a net margin of 6.07% and a return on equity of 32.74%. The business had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $3.22 billion. During the same quarter last year, the company posted $0.21 earnings per share. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. Research analysts expect that The AES Co. will post 1.91 earnings per share for the current fiscal year.

AES Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a dividend of $0.1725 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $0.69 dividend on an annualized basis and a yield of 3.57%. AES’s dividend payout ratio (DPR) is presently 95.83%.

AES Company 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.