Advisors Preferred LLC Makes New $867,000 Investment in The AES Corporation $AES

Advisors Preferred LLC bought a new stake in The AES Corporation (NYSE:AES) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 65,901 shares of the utilities provider’s stock, valued at approximately $867,000.

Other large investors have also bought and sold shares of the company. Zions Bancorporation National Association UT boosted its stake in AES by 10.0% in the third quarter. Zions Bancorporation National Association UT now owns 27,729 shares of the utilities provider’s stock valued at $365,000 after acquiring an additional 2,510 shares during the last quarter. Rhumbline Advisers grew its stake in shares of AES by 0.4% during the third quarter. Rhumbline Advisers now owns 1,329,577 shares of the utilities provider’s stock worth $17,497,000 after purchasing an additional 5,669 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in AES in the third quarter valued at about $4,585,000. New York State Common Retirement Fund lifted its stake in AES by 8.9% in the third quarter. New York State Common Retirement Fund now owns 305,910 shares of the utilities provider’s stock valued at $4,026,000 after buying an additional 25,100 shares during the period. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in AES by 152.2% during the third quarter. Campbell & CO Investment Adviser LLC now owns 155,372 shares of the utilities provider’s stock worth $2,045,000 after buying an additional 93,763 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors.

AES Stock Up 0.8%

Shares of NYSE AES opened at $16.49 on Friday. The firm has a market cap of $11.74 billion, a PE ratio of 10.30, a price-to-earnings-growth ratio of 0.61 and a beta of 1.00. The company has a 50 day simple moving average of $14.80 and a 200 day simple moving average of $14.07. The company has a debt-to-equity ratio of 3.15, a current ratio of 0.72 and a quick ratio of 0.66. The AES Corporation has a 1 year low of $9.46 and a 1 year high of $16.78.

AES Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were issued a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, January 30th. AES’s payout ratio is currently 43.75%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AES shares. Jefferies Financial Group upped their price target on AES from $13.00 to $16.00 and gave the company a “hold” rating in a research note on Tuesday, February 3rd. Morgan Stanley set a $23.00 target price on shares of AES in a research note on Friday. Barclays reiterated an “equal weight” rating and issued a $15.00 price objective on shares of AES in a report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of AES in a research report on Monday, December 29th. Finally, Mizuho increased their price target on shares of AES from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, AES currently has an average rating of “Moderate Buy” and an average target price of $24.17.

AES Profile

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company’s portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.