The AES Co. (NYSE:AES) Shares Bought by Creative Planning

Creative Planning increased its position in The AES Co. (NYSE:AES) by 10.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,383 shares of the utilities provider’s stock after purchasing an additional 10,251 shares during the quarter. Creative Planning’s holdings in AES were worth $1,852,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 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 acquiring an additional 720 shares during the last quarter. Rothschild Investment LLC purchased a new position in AES in the second quarter valued at about $28,000. UMB Bank n.a. increased its holdings in AES by 102.3% in the second quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock valued at $31,000 after buying an additional 898 shares during the last quarter. Riverview Trust Co bought a new stake in AES in the first quarter valued at about $33,000. Finally, nVerses Capital LLC bought a new stake in AES in the second quarter valued at about $33,000. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Price Performance

Shares of NYSE:AES opened at $18.67 on Tuesday. The AES Co. has a 12 month low of $12.38 and a 12 month high of $22.21. The stock has a market cap of $13.26 billion, a price-to-earnings ratio of 25.92 and a beta of 1.07. The stock’s 50 day moving average price is $17.88 and its 200 day moving average price is $18.34. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.97 and a quick ratio of 0.91.

AES (NYSE:AES) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. The firm had revenue of $2.94 billion for the quarter, compared to analyst estimates of $3.22 billion. AES had a net margin of 6.07% and a return on equity of 32.74%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 earnings per share. Equities research analysts anticipate that The AES Co. will post 1.9 earnings per share for the current fiscal year.

AES Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a $0.1725 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $0.69 annualized dividend and a yield of 3.70%. AES’s dividend payout ratio (DPR) is 95.83%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Evercore ISI raised AES to a “strong-buy” rating in a report on Wednesday, September 18th. Barclays decreased their target price on AES from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Finally, Jefferies Financial Group assumed coverage on AES in a research note on Wednesday, September 11th. They issued a “buy” rating and a $20.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, AES presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

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.