Cwm LLC Purchases 16,245 Shares of The AES Corporation (NYSE:AES)

Cwm LLC lifted its position in The AES Corporation (NYSE:AES) by 88.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,629 shares of the utilities provider’s stock after buying an additional 16,245 shares during the period. Cwm LLC’s holdings in AES were worth $430,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AES. Commonwealth Equity Services LLC lifted its stake in shares of AES by 25.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 89,765 shares of the utilities provider’s stock worth $1,155,000 after buying an additional 18,157 shares in the last quarter. Natixis Advisors LLC lifted its stake in shares of AES by 4.0% in the fourth quarter. Natixis Advisors LLC now owns 68,459 shares of the utilities provider’s stock worth $881,000 after buying an additional 2,634 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of AES by 18.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 20,884 shares of the utilities provider’s stock worth $269,000 after buying an additional 3,216 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of AES by 16.0% in the fourth quarter. American Century Companies Inc. now owns 1,784,619 shares of the utilities provider’s stock worth $22,968,000 after buying an additional 246,046 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of AES by 350.2% in the fourth quarter. Sei Investments Co. now owns 324,906 shares of the utilities provider’s stock worth $4,181,000 after buying an additional 252,744 shares in the last quarter. Institutional investors own 93.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AES. Argus restated a “hold” rating on shares of AES in a research report on Tuesday, May 27th. Citigroup lowered their price objective on shares of AES from $23.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Wells Fargo & Company increased their price objective on shares of AES from $108.00 to $112.00 in a research report on Friday, May 2nd. Jefferies Financial Group downgraded shares of AES from a “hold” rating to an “underperform” rating and lowered their price objective for the company from $10.00 to $9.00 in a research report on Tuesday, May 20th. Finally, HSBC lowered their price objective on shares of AES from $15.00 to $14.00 in a research report on Monday, May 5th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.67.

AES Stock Performance

Shares of NYSE AES opened at $13.81 on Friday. The firm has a fifty day moving average price of $11.33 and a 200-day moving average price of $11.25. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.84 and a quick ratio of 0.78. The stock has a market cap of $9.83 billion, a PE ratio of 7.50, a price-to-earnings-growth ratio of 1.88 and a beta of 0.95. The AES Corporation has a 1 year low of $9.46 and a 1 year high of $20.30.

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

AES Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a dividend of $0.176 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $0.70 annualized dividend and a yield of 5.10%. AES’s payout ratio is 38.04%.

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.