The AES Corporation (NYSE:AES) Stock Position Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in shares of The AES Corporation (NYSE:AES) by 13.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,270,543 shares of the utilities provider’s stock after acquiring an additional 148,772 shares during the quarter. Envestnet Asset Management Inc. owned about 0.18% of AES worth $15,780,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AES. Proficio Capital Partners LLC acquired a new position in shares of AES in the fourth quarter worth about $402,000. AlphaQuest LLC boosted its stake in shares of AES by 18,047.1% during the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider’s stock valued at $79,000 after buying an additional 6,136 shares during the period. Avantax Advisory Services Inc. raised its holdings in shares of AES by 6.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 44,558 shares of the utilities provider’s stock worth $573,000 after acquiring an additional 2,558 shares in the last quarter. Commonwealth Equity Services LLC raised its position in AES by 25.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 89,765 shares of the utilities provider’s stock valued at $1,155,000 after acquiring an additional 18,157 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in shares of AES by 4.0% in the 4th quarter. Natixis Advisors LLC now owns 68,459 shares of the utilities provider’s stock valued at $881,000 after purchasing an additional 2,634 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Price Performance

Shares of NYSE:AES opened at $13.19 on Friday. The firm has a market cap of $9.39 billion, a PE ratio of 7.17, a price-to-earnings-growth ratio of 1.75 and a beta of 0.95. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.78 and a current ratio of 0.84. The AES Corporation has a 52 week low of $9.46 and a 52 week high of $20.30. The firm’s fifty day moving average is $11.17 and its 200-day moving average is $11.22.

AES (NYSE:AES) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.10). The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.13 billion. AES had a return on equity of 18.06% and a net margin of 10.67%. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 earnings per share. Sell-side analysts predict that The AES Corporation will post 1.93 earnings per share for the current year.

AES Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.176 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a $0.70 annualized dividend and a dividend yield of 5.34%. AES’s dividend payout ratio is currently 38.04%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AES. Jefferies Financial Group downgraded AES from a “hold” rating to an “underperform” rating and reduced their target price for the stock from $10.00 to $9.00 in a report on Tuesday, May 20th. HSBC dropped their price objective on shares of AES from $15.00 to $14.00 in a research report on Monday, May 5th. Argus reiterated a “hold” rating on shares of AES in a research report on Tuesday, May 27th. Citigroup reduced their price target on AES from $23.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Finally, Wall Street Zen cut AES from a “hold” rating to a “sell” rating in a research note on Saturday, May 24th. Three research analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.22.

AES 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.