Baker Tilly Wealth Management LLC Has $167,000 Position in The AES Co. (NYSE:AES)

Baker Tilly Wealth Management LLC decreased its holdings in shares of The AES Co. (NYSE:AES) by 27.6% during the 4th quarter, Holdings Channel reports. The firm owned 12,968 shares of the utilities provider’s stock after selling 4,934 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in AES were worth $167,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Hudson Valley Investment Advisors Inc. ADV grew its position in shares of AES by 12.1% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 406,443 shares of the utilities provider’s stock worth $5,231,000 after buying an additional 43,792 shares during the period. Douglas Lane & Associates LLC grew its holdings in AES by 0.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 3,541,203 shares of the utilities provider’s stock worth $45,575,000 after purchasing an additional 32,122 shares during the period. Principal Financial Group Inc. raised its holdings in shares of AES by 3.5% during the third quarter. Principal Financial Group Inc. now owns 830,873 shares of the utilities provider’s stock valued at $16,667,000 after purchasing an additional 28,043 shares during the period. Franklin Resources Inc. boosted its position in shares of AES by 12.8% during the 3rd quarter. Franklin Resources Inc. now owns 2,930,901 shares of the utilities provider’s stock worth $58,794,000 after purchasing an additional 333,154 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in AES in the 3rd quarter valued at about $139,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Stock Performance

Shares of AES opened at $12.02 on Friday. The stock has a 50 day moving average of $13.31 and a 200 day moving average of $16.20. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The AES Co. has a 12 month low of $11.95 and a 12 month high of $22.21. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 0.71 and a beta of 1.00.

AES (NYSE:AES) last released its 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 analysts’ expectations of $3.46 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 EPS. As a group, sell-side analysts forecast that The AES Co. will post 1.95 earnings per share for the current year.

AES Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.176 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.70 annualized dividend and a dividend yield of 5.86%. This is a positive change from AES’s previous quarterly dividend of $0.17. AES’s dividend payout ratio (DPR) is presently 48.61%.

Wall Street Analyst Weigh In

Several research firms have recently commented on AES. Hsbc Global Res upgraded AES to a “strong-buy” rating in a report on Friday, December 13th. Susquehanna decreased their price target on shares of AES from $24.00 to $21.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. Barclays dropped their price objective on shares of AES from $23.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. 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. Finally, Evercore ISI upgraded AES to a “strong-buy” rating in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.