The AES Co. (NYSE:AES) Shares Bought by Corrado Advisors LLC

Corrado Advisors LLC raised its holdings in The AES Co. (NYSE:AES) by 20.2% during the fourth quarter, HoldingsChannel reports. The firm owned 86,721 shares of the utilities provider’s stock after buying an additional 14,551 shares during the period. Corrado Advisors LLC’s holdings in AES were worth $1,116,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Millburn Ridgefield Corp acquired a new position in AES in the third quarter valued at $28,000. Brooklyn Investment Group acquired a new position in AES in the third quarter valued at $63,000. Blue Trust Inc. increased its stake in AES by 69.3% in the third quarter. Blue Trust Inc. now owns 3,688 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 1,509 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of AES in the third quarter valued at about $139,000. Finally, Frazier Financial Advisors LLC boosted its holdings in shares of AES by 160.3% in the third quarter. Frazier Financial Advisors LLC now owns 6,983 shares of the utilities provider’s stock valued at $140,000 after acquiring an additional 4,300 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AES has been the topic of several analyst reports. Mizuho lowered their target price on shares of AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, November 21st. Bank of America initiated 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. Hsbc Global Res raised shares of AES to a “strong-buy” rating in a report on Friday, December 13th. Susquehanna lowered their target price on shares of AES from $24.00 to $21.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. Finally, HSBC assumed coverage on shares of AES in a report on Friday, December 13th. They issued a “buy” rating and a $17.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, AES has an average rating of “Moderate Buy” and an average price target of $18.80.

AES Stock Up 0.2 %

Shares of NYSE AES opened at $10.88 on Thursday. The AES Co. has a 12-month low of $9.88 and a 12-month high of $22.21. The company has a market capitalization of $7.74 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 0.82 and a beta of 0.99. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The firm’s 50-day moving average is $11.58 and its two-hundred day moving average is $14.61.

AES Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.176 dividend. This represents a $0.70 annualized dividend and a dividend yield of 6.47%. The ex-dividend date of this dividend is Thursday, May 1st. AES’s dividend payout ratio (DPR) is presently 48.61%.

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.