40,805 Shares in The AES Corporation $AES Bought by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC bought a new stake in The AES Corporation (NYSE:AES) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,805 shares of the utilities provider’s stock, valued at approximately $585,000.

Other hedge funds also recently modified their holdings of the company. Bogart Wealth LLC lifted its holdings in shares of AES by 406.5% during the 3rd quarter. Bogart Wealth LLC now owns 1,869 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 1,500 shares in the last quarter. Cromwell Holdings LLC increased its stake in AES by 232.5% during the 3rd quarter. Cromwell Holdings LLC now owns 2,484 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 1,737 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in AES by 50.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,401 shares of the utilities provider’s stock worth $45,000 after buying an additional 1,146 shares during the period. Seven Mile Advisory bought a new position in AES in the third quarter valued at approximately $140,000. Finally, Jeppson Wealth Management LLC bought a new position in AES in the third quarter valued at approximately $150,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Stock Up 0.5%

AES stock opened at $14.09 on Wednesday. The company has a fifty day simple moving average of $15.05 and a 200 day simple moving average of $14.36. The company has a current ratio of 0.77, a quick ratio of 0.69 and a debt-to-equity ratio of 2.94. The AES Corporation has a 1-year low of $9.46 and a 1-year high of $17.65. The company has a market cap of $10.04 billion, a P/E ratio of 11.18, a price-to-earnings-growth ratio of 0.54 and a beta of 0.95.

AES (NYSE:AES) last announced its quarterly earnings data on Monday, March 2nd. The utilities provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.13. AES had a return on equity of 19.93% and a net margin of 7.40%.The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the company earned $0.54 EPS. Research analysts anticipate that The AES Corporation will post 1.93 earnings per share for the current fiscal year.

AES Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be paid a $0.176 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $0.70 annualized dividend and a dividend yield of 5.0%. AES’s dividend payout ratio (DPR) is currently 55.56%.

Wall Street Analysts Forecast Growth

AES has been the subject of several research reports. Jefferies Financial Group increased their price objective on shares of AES from $13.00 to $16.00 and gave the stock a “hold” rating in a research report on Tuesday, February 3rd. Mizuho lowered shares of AES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Morgan Stanley reissued an “equal weight” rating and issued a $15.00 price target (down from $23.00) on shares of AES in a research note on Friday, March 6th. Weiss Ratings restated a “hold (c-)” rating on shares of AES in a report on Monday, December 29th. Finally, Wall Street Zen upgraded AES from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, AES currently has an average rating of “Hold” and a consensus target price of $24.27.

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.