Allworth Financial LP Boosts Holdings in The AES Co. (NYSE:AES)

Allworth Financial LP boosted its position in shares of The AES Co. (NYSE:AES) by 133.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,110 shares of the utilities provider’s stock after buying an additional 1,779 shares during the quarter. Allworth Financial LP’s holdings in AES were worth $60,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Coppell Advisory Solutions Corp. purchased a new position in AES during the fourth quarter worth $27,000. Gyon Technologies Capital Management LP purchased a new stake in shares of AES during the fourth quarter valued at $32,000. Resurgent Financial Advisors LLC purchased a new stake in shares of AES during the fourth quarter valued at $34,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of AES by 5,681.8% during the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,272 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 1,250 shares during the period. Finally, Stonebridge Capital Advisors LLC boosted its stake in shares of AES by 3,172.5% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 1,309 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 1,269 shares during the period. 93.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Argus reissued a “buy” rating and set a $25.00 target price on shares of AES in a research note on Tuesday, March 26th. Barclays decreased their price objective on AES from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, March 14th. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price objective on shares of AES in a report on Tuesday, April 9th. Morgan Stanley restated an “overweight” rating and issued a $25.00 price objective on shares of AES in a report on Monday, March 25th. Finally, UBS Group decreased their price objective on AES from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, AES presently has an average rating of “Hold” and a consensus target price of $22.29.

AES Stock Performance

Shares of AES stock opened at $16.85 on Friday. The company has a market capitalization of $11.98 billion, a PE ratio of 51.06 and a beta of 1.08. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.61 and a current ratio of 0.68. The company has a 50-day simple moving average of $16.49 and a two-hundred day simple moving average of $16.63. The AES Co. has a one year low of $11.43 and a one year high of $25.61.

AES (NYSE:AES) last announced its earnings results on Tuesday, February 27th. The utilities provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.06. AES had a net margin of 2.12% and a return on equity of 38.76%. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same period in the previous year, the company posted $0.49 earnings per share. The firm’s revenue was down 3.0% on a year-over-year basis. Research analysts expect that The AES Co. will post 1.91 EPS for the current fiscal year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.1725 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.69 annualized dividend and a dividend yield of 4.09%. AES’s dividend payout ratio (DPR) is currently 209.10%.

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.