The AES Co. (NYSE:AES) Shares Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC increased its holdings in The AES Co. (NYSE:AES) by 36.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,051 shares of the utilities provider’s stock after buying an additional 14,562 shares during the period. Diversify Wealth Management LLC’s holdings in AES were worth $650,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in AES. Rock Point Advisors LLC grew its position in shares of AES by 34.6% in the third quarter. Rock Point Advisors LLC now owns 760,775 shares of the utilities provider’s stock valued at $15,261,000 after purchasing an additional 195,460 shares during the last quarter. Leibman Financial Services Inc. acquired a new stake in AES during the 4th quarter valued at $2,375,000. M&G PLC raised its holdings in shares of AES by 12.7% in the third quarter. M&G PLC now owns 6,511,760 shares of the utilities provider’s stock worth $130,235,000 after acquiring an additional 732,457 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV lifted its position in shares of AES by 12.1% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 406,443 shares of the utilities provider’s stock valued at $5,231,000 after acquiring an additional 43,792 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of AES by 28.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 257,368 shares of the utilities provider’s stock valued at $5,163,000 after acquiring an additional 56,879 shares during the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AES has been the topic of a number of recent research reports. Bank of America started coverage on shares of AES in a report on Monday, November 25th. They issued an “underperform” rating and a $11.00 target price on the stock. Mizuho lowered their target price on shares of AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. Susquehanna reduced their price target on AES from $24.00 to $21.00 and set a “positive” rating on the stock in a research note on Tuesday, November 5th. Hsbc Global Res upgraded AES to a “strong-buy” rating in a research note on Friday, December 13th. Finally, Barclays decreased their price target on AES from $23.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.30.

AES Trading Down 0.5 %

Shares of AES stock opened at $11.76 on Wednesday. The AES Co. has a fifty-two week low of $11.57 and a fifty-two week high of $22.21. The firm’s 50 day moving average price is $12.92 and its two-hundred day moving average price is $15.81. The stock has a market cap of $8.36 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of 0.59 and a beta of 1.00. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21.

AES (NYSE:AES) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.11. AES had a return on equity of 27.30% and a net margin of 8.34%. The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the prior year, the firm earned $0.60 EPS. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, analysts anticipate that The AES Co. will post 1.95 EPS for the current year.

AES Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a $0.176 dividend. This is an increase from AES’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.70 annualized dividend and a yield of 5.99%. AES’s dividend payout ratio (DPR) is 48.61%.

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.