Sanctuary Advisors LLC Has $364,000 Holdings in The AES Co. (NYSE:AES)

Sanctuary Advisors LLC lessened its holdings in shares of The AES Co. (NYSE:AES) by 17.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,289 shares of the utilities provider’s stock after selling 5,778 shares during the period. Sanctuary Advisors LLC’s holdings in AES were worth $364,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Millburn Ridgefield Corp acquired a new position in shares of AES during the third quarter worth $28,000. Brooklyn Investment Group acquired a new position in AES in the third quarter valued at $63,000. Wilmington Savings Fund Society FSB acquired a new position in AES in the third quarter valued at $139,000. Frazier Financial Advisors LLC lifted its holdings in AES by 160.3% in the third quarter. Frazier Financial Advisors LLC now owns 6,983 shares of the utilities provider’s stock valued at $140,000 after buying an additional 4,300 shares during the period. Finally, Toth Financial Advisory Corp acquired a new position in AES in the fourth quarter valued at $95,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Trading Down 3.5 %

Shares of AES stock opened at $11.18 on Tuesday. The AES Co. has a 52-week low of $9.88 and a 52-week 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 company has a 50-day simple moving average of $11.51 and a two-hundred day simple moving average of $14.52. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 0.82 and a beta of 0.99.

AES (NYSE:AES) last issued its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.20. AES had a net margin of 8.34% and a return on equity of 27.30%. The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the prior year, the firm posted $0.73 EPS. Research analysts anticipate that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date of this dividend is Thursday, May 1st. AES’s payout ratio is 48.61%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AES shares. Barclays dropped their price objective on shares of AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. HSBC started coverage on shares of AES in a report on Friday, December 13th. They set a “buy” rating and a $17.00 price objective on the stock. Susquehanna dropped their price objective on shares of AES from $24.00 to $21.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. Mizuho decreased 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. Finally, Hsbc Global Res raised shares of AES to a “strong-buy” rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, AES presently has a consensus rating of “Moderate Buy” and a consensus 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.