Waldron Private Wealth LLC Makes New Investment in The AES Co. (NYSE:AES)

Waldron Private Wealth LLC bought a new position in The AES Co. (NYSE:AES) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 16,192 shares of the utilities provider’s stock, valued at approximately $325,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AES. Rise Advisors LLC raised its holdings in AES by 92.4% in the second quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 720 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of AES in the 2nd quarter worth about $28,000. UMB Bank n.a. lifted its position in AES by 102.3% during the 2nd quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 898 shares during the period. Riverview Trust Co bought a new stake in AES during the first quarter worth about $33,000. Finally, nVerses Capital LLC purchased a new stake in AES in the second quarter worth about $33,000. Hedge funds and other institutional investors own 93.13% of the company’s stock.

Analyst Upgrades and Downgrades

AES has been the topic of a number of analyst reports. Barclays boosted their price target on AES from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday. Jefferies Financial Group assumed coverage on AES in a report on Wednesday, September 11th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Evercore ISI raised AES to a “strong-buy” rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.57.

AES Trading Up 0.5 %

Shares of NYSE:AES opened at $17.08 on Thursday. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.97 and a quick ratio of 0.91. The AES Co. has a 1 year low of $14.15 and a 1 year high of $22.21. The company has a market cap of $12.14 billion, a P/E ratio of 23.72 and a beta of 1.07. The stock’s fifty day moving average price is $18.00 and its 200-day moving average price is $18.33.

AES (NYSE:AES) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. AES had a net margin of 6.07% and a return on equity of 32.74%. The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.22 billion. During the same quarter last year, the firm posted $0.21 EPS. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. Sell-side analysts expect that The AES Co. will post 1.9 earnings per share for the current year.

AES Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.1725 per share. The ex-dividend date is Friday, November 1st. This represents a $0.69 annualized dividend and a dividend yield of 4.04%. AES’s payout ratio 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.