12,563 Shares in The AES Co. (NYSE:AES) Acquired by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC acquired a new position in shares of The AES Co. (NYSE:AES) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,563 shares of the utilities provider’s stock, valued at approximately $221,000.

Several other institutional investors also recently modified their holdings of the stock. CWM LLC raised its position in shares of AES by 2.4% in the second quarter. CWM LLC now owns 27,122 shares of the utilities provider’s stock valued at $477,000 after buying an additional 628 shares in the last quarter. Raymond James Trust N.A. lifted its holdings in shares of AES by 1.6% in the second quarter. Raymond James Trust N.A. now owns 44,433 shares of the utilities provider’s stock worth $781,000 after acquiring an additional 711 shares during the last quarter. Rise Advisors LLC grew its stake in shares of AES by 92.4% during the second quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock worth $26,000 after buying an additional 720 shares during the last quarter. Concourse Financial Group Securities Inc. increased its position in shares of AES by 13.0% during the fourth quarter. Concourse Financial Group Securities Inc. now owns 7,008 shares of the utilities provider’s stock worth $135,000 after buying an additional 806 shares during the period. Finally, Empirical Finance LLC raised its stake in AES by 4.7% during the first quarter. Empirical Finance LLC now owns 18,185 shares of the utilities provider’s stock worth $326,000 after buying an additional 823 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AES has been the subject of several research analyst reports. Mizuho lifted their price objective on shares of AES from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Barclays reduced their price objective on AES from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Finally, Seaport Res Ptn lowered shares of AES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.71.

AES Stock Performance

Shares of NYSE AES opened at $17.37 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 4.04. The AES Co. has a 12-month low of $11.43 and a 12-month high of $22.21. The firm has a market capitalization of $12.34 billion, a price-to-earnings ratio of 24.13 and a beta of 1.08. The firm has a 50 day moving average of $17.62 and a 200 day moving average of $17.84.

AES (NYSE:AES) last issued its earnings results on Thursday, August 1st. The utilities provider reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. AES had a net margin of 6.07% and a return on equity of 35.44%. The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $3.22 billion. During the same quarter in the prior year, the firm posted $0.21 EPS. AES’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, research analysts anticipate that The AES Co. will post 1.91 earnings per share for the current year.

AES Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date was Thursday, August 1st. AES’s dividend payout ratio (DPR) is 95.83%.

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.