Mutual Advisors LLC Has $890,000 Stock Position in The AES Co. (NYSE:AES)

Mutual Advisors LLC increased its holdings in shares of The AES Co. (NYSE:AES) by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,167 shares of the utilities provider’s stock after purchasing an additional 4,723 shares during the period. Mutual Advisors LLC’s holdings in AES were worth $890,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Cromwell Holdings LLC grew its stake in AES by 59.1% in the third quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 640 shares during the period. SeaCrest Wealth Management LLC lifted its holdings in AES by 3.2% during the third quarter. SeaCrest Wealth Management LLC now owns 26,301 shares of the utilities provider’s stock worth $528,000 after acquiring an additional 826 shares during the period. Empowered Funds LLC lifted its holdings in AES by 8.0% during the third quarter. Empowered Funds LLC now owns 11,179 shares of the utilities provider’s stock worth $224,000 after acquiring an additional 830 shares during the period. OLD Second National Bank of Aurora lifted its holdings in AES by 1.0% during the third quarter. OLD Second National Bank of Aurora now owns 84,624 shares of the utilities provider’s stock worth $1,698,000 after acquiring an additional 835 shares during the period. Finally, Live Oak Investment Partners lifted its holdings in AES by 3.9% during the third quarter. Live Oak Investment Partners now owns 29,241 shares of the utilities provider’s stock worth $587,000 after acquiring an additional 1,104 shares during the period. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Trading Up 0.7 %

Shares of AES stock opened at $11.61 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The business has a 50-day moving average price of $12.77 and a two-hundred day moving average price of $15.68. The AES Co. has a 12-month low of $11.08 and a 12-month high of $22.21. The firm has a market cap of $8.25 billion, a P/E ratio of 8.06, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00.

AES (NYSE:AES) last issued its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $3.46 billion. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s revenue was down 4.2% compared to the same quarter last year. Equities analysts anticipate that The AES Co. will post 1.95 EPS for the current fiscal year.

AES Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date is Friday, January 31st. This is a positive change from AES’s previous quarterly dividend of $0.17. AES’s payout ratio is 47.92%.

Analyst Ratings Changes

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

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.