The AES Co. (NYSE:AES) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its position in The AES Co. (NYSE:AES) by 62.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,949 shares of the utilities provider’s stock after selling 167,723 shares during the period. Janney Montgomery Scott LLC’s holdings in AES were worth $1,273,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its stake in shares of AES by 5,143.7% in the fourth quarter. UMB Bank n.a. now owns 76,977 shares of the utilities provider’s stock valued at $991,000 after buying an additional 75,509 shares in the last quarter. Rock Point Advisors LLC boosted its position in shares of AES by 34.6% during the 3rd quarter. Rock Point Advisors LLC now owns 760,775 shares of the utilities provider’s stock worth $15,261,000 after purchasing an additional 195,460 shares in the last quarter. Leibman Financial Services Inc. acquired a new position in shares of AES during the 4th quarter worth $2,375,000. M&G PLC increased its holdings in shares of AES by 12.7% in the 3rd quarter. M&G PLC now owns 6,511,760 shares of the utilities provider’s stock valued at $130,235,000 after purchasing an additional 732,457 shares in the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV lifted its stake in shares of AES by 12.1% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 406,443 shares of the utilities provider’s stock valued at $5,231,000 after purchasing an additional 43,792 shares during the period. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Stock Performance

NYSE AES opened at $10.62 on Wednesday. The business’s 50-day moving average price is $12.46 and its 200 day moving average price is $15.35. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The AES Co. has a twelve month low of $10.33 and a twelve month high of $22.21. The company has a market capitalization of $7.55 billion, a PE ratio of 7.37, a price-to-earnings-growth ratio of 0.85 and a beta of 0.99.

AES Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.176 dividend. The ex-dividend date is Friday, January 31st. This is a boost from AES’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 6.63%. AES’s dividend payout ratio (DPR) is currently 48.61%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AES. Bank of America started coverage on AES in a research report on Monday, November 25th. They issued an “underperform” rating and a $11.00 price target for the company. HSBC assumed coverage on shares of AES in a report on Friday, December 13th. They set a “buy” rating and a $17.00 target price for the company. Mizuho lowered their price target on shares of AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, November 21st. Barclays cut their price objective on AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Finally, Hsbc Global Res upgraded AES to a “strong-buy” rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, AES currently has a consensus rating of “Moderate Buy” and an average price target of $18.80.

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.