Signaturefd LLC Purchases 1,100 Shares of The AES Co. (NYSE:AES)

Signaturefd LLC grew its position in The AES Co. (NYSE:AESGet Rating) by 25.9% during the first quarter, HoldingsChannel reports. The firm owned 5,345 shares of the utilities provider’s stock after buying an additional 1,100 shares during the quarter. Signaturefd LLC’s holdings in AES were worth $138,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Comerica Bank raised its position in shares of AES by 9.6% in the first quarter. Comerica Bank now owns 120,525 shares of the utilities provider’s stock valued at $3,002,000 after purchasing an additional 10,599 shares during the period. Grove Bank & Trust acquired a new position in AES during the 1st quarter valued at $208,000. Allegheny Financial Group LTD bought a new stake in AES in the 4th quarter valued at $67,000. Third Point LLC grew its position in AES by 53.3% in the 4th quarter. Third Point LLC now owns 5,750,000 shares of the utilities provider’s stock worth $139,725,000 after purchasing an additional 2,000,000 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of AES by 4.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 24,699 shares of the utilities provider’s stock worth $600,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 92.97% of the company’s stock.

AES Stock Up 1.4 %

Shares of AES opened at $20.00 on Tuesday. The stock has a market cap of $13.36 billion, a price-to-earnings ratio of -74.07, a P/E/G ratio of 1.64 and a beta of 0.98. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 4.64. The AES Co. has a 12 month low of $18.62 and a 12 month high of $26.52. The company has a 50-day moving average price of $20.91 and a two-hundred day moving average price of $22.01.

AES (NYSE:AESGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The utilities provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). AES had a positive return on equity of 33.02% and a negative net margin of 2.21%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the prior year, the business earned $0.28 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities analysts predict that The AES Co. will post 1.6 EPS for the current fiscal year.

AES Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be paid a $0.158 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, July 29th. AES’s dividend payout ratio (DPR) is currently -233.33%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AES. Seaport Res Ptn reiterated a “buy” rating on shares of AES in a research note on Monday, April 4th. Susquehanna Bancshares reduced their target price on shares of AES from $32.00 to $30.00 in a research note on Tuesday, May 10th. Morgan Stanley reduced their target price on shares of AES from $29.00 to $28.50 and set an “overweight” rating for the company in a research note on Thursday, June 23rd. Credit Suisse Group began coverage on shares of AES in a research note on Monday, April 25th. They issued a “neutral” rating and a $25.00 target price for the company. Finally, StockNews.com initiated coverage on shares of AES in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, AES presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.50.

AES Company Profile

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The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also 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.

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Institutional Ownership by Quarter for AES (NYSE:AES)

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