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

Diversify Wealth Management LLC raised its holdings in shares of The AES Co. (NYSE:AES) by 36.9% in the fourth quarter, Holdings Channel.com reports. The firm 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.

Other institutional investors also recently made changes to their positions in the company. Ellsworth Advisors LLC raised its holdings in AES by 43.6% in the fourth quarter. Ellsworth Advisors LLC now owns 98,515 shares of the utilities provider’s stock valued at $1,268,000 after acquiring an additional 29,920 shares in the last quarter. Monarch Capital Management Inc. lifted its position in shares of AES by 18.8% during the fourth quarter. Monarch Capital Management Inc. now owns 104,981 shares of the utilities provider’s stock worth $1,351,000 after purchasing an additional 16,590 shares during the last quarter. InTrack Investment Management Inc acquired a new position in AES in the fourth quarter worth about $242,000. Wealthcare Advisory Partners LLC acquired a new stake in AES during the fourth quarter valued at approximately $314,000. Finally, Everpar Advisors LLC lifted its holdings in AES by 29.1% during the 4th quarter. Everpar Advisors LLC now owns 19,292 shares of the utilities provider’s stock worth $248,000 after buying an additional 4,350 shares during the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Trading Down 0.5 %

NYSE:AES opened at $11.76 on Wednesday. The AES Co. has a 1 year low of $11.57 and a 1 year high of $22.21. The business has a fifty day moving average of $12.92 and a 200-day moving average of $15.81. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The stock has a market cap of $8.36 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 0.59 and a beta of 1.00.

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

AES Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AES shares. Bank of America started coverage on AES in a research report on Monday, November 25th. They set an “underperform” rating and a $11.00 price target on the stock. Barclays decreased their price target on shares of AES from $23.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, December 13th. Hsbc Global Res upgraded shares of AES to a “strong-buy” rating in a research note on Friday, December 13th. HSBC started coverage on AES in a research note on Friday, December 13th. They issued a “buy” rating and a $17.00 target price for the company. Finally, Mizuho cut their price target on AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, AES has an average rating of “Moderate Buy” and a consensus price target of $19.30.

AES Company 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.