Private Advisor Group LLC Has $503,000 Stock Holdings in The AES Co. (NYSE:AES)

Private Advisor Group LLC increased its holdings in The AES Co. (NYSE:AES) by 118.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,103 shares of the utilities provider’s stock after purchasing an additional 21,168 shares during the period. Private Advisor Group LLC’s holdings in AES were worth $503,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Millburn Ridgefield Corp bought a new stake in shares of AES during the third quarter worth $28,000. Brooklyn Investment Group bought a new stake in shares of AES during the third quarter worth $63,000. Wilmington Savings Fund Society FSB bought a new stake in shares of AES during the third quarter worth $139,000. Frazier Financial Advisors LLC grew its holdings in shares of AES by 160.3% during the third quarter. Frazier Financial Advisors LLC now owns 6,983 shares of the utilities provider’s stock worth $140,000 after purchasing an additional 4,300 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new stake in shares of AES during the fourth quarter worth $95,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Mizuho decreased their target price on AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, November 21st. Barclays decreased their price target on AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Bank of America began coverage on AES in a report on Monday, November 25th. They issued an “underperform” rating and a $11.00 price target on the stock. Hsbc Global Res upgraded AES to a “strong-buy” rating in a report on Friday, December 13th. Finally, HSBC began coverage on AES in a report on Friday, December 13th. They issued a “buy” rating and a $17.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $18.80.

AES Stock Down 3.5 %

AES stock opened at $11.18 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The business has a 50 day moving average price of $11.51 and a two-hundred day moving average price of $14.52. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 7.76, a P/E/G ratio of 0.82 and a beta of 0.99. The AES Co. has a twelve month low of $9.88 and a twelve month high of $22.21.

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

AES Dividend Announcement

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

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.