SG Americas Securities LLC Acquires 4,021,385 Shares of The AES Corporation $AES

SG Americas Securities LLC boosted its holdings in The AES Corporation (NYSE:AES) by 128.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,147,438 shares of the utilities provider’s stock after purchasing an additional 4,021,385 shares during the quarter. SG Americas Securities LLC owned about 1.00% of AES worth $102,494,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AES. TD Private Client Wealth LLC boosted its position in shares of AES by 50.8% in the 3rd quarter. TD Private Client Wealth LLC now owns 3,401 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 1,146 shares in the last quarter. Bogart Wealth LLC boosted its holdings in AES by 406.5% in the third quarter. Bogart Wealth LLC now owns 1,869 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 1,500 shares in the last quarter. Cromwell Holdings LLC grew its stake in shares of AES by 232.5% in the third quarter. Cromwell Holdings LLC now owns 2,484 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 1,737 shares during the last quarter. Miller Howard Investments Inc. NY raised its position in shares of AES by 3.7% in the 3rd quarter. Miller Howard Investments Inc. NY now owns 57,869 shares of the utilities provider’s stock worth $762,000 after purchasing an additional 2,074 shares during the last quarter. Finally, Zions Bancorporation National Association UT boosted its stake in AES by 10.0% in the 3rd quarter. Zions Bancorporation National Association UT now owns 27,729 shares of the utilities provider’s stock worth $365,000 after purchasing an additional 2,510 shares in the last quarter. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on AES shares. Jefferies Financial Group lifted their target price on shares of AES from $13.00 to $16.00 and gave the stock a “hold” rating in a report on Tuesday, February 3rd. Argus raised AES from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Friday, December 5th. Wall Street Zen raised AES from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Morgan Stanley reissued an “equal weight” rating and issued a $15.00 target price (down from $23.00) on shares of AES in a research report on Friday, March 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AES in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, AES has a consensus rating of “Hold” and a consensus price target of $24.27.

AES Stock Performance

Shares of AES opened at $14.10 on Tuesday. The AES Corporation has a one year low of $9.46 and a one year high of $17.65. The business has a fifty day moving average of $15.05 and a 200 day moving average of $14.31. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.77 and a quick ratio of 0.69. The firm has a market capitalization of $10.04 billion, a P/E ratio of 11.19, a PEG ratio of 0.54 and a beta of 0.95.

AES (NYSE:AES) last released its quarterly earnings results on Monday, March 2nd. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. AES had a return on equity of 19.93% and a net margin of 7.40%.The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the previous year, the company posted $0.54 EPS. As a group, sell-side analysts anticipate that The AES Corporation will post 1.93 EPS for the current year.

AES Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be given a $0.176 dividend. The ex-dividend date is Friday, May 1st. This represents a $0.70 annualized dividend and a yield of 5.0%. AES’s dividend payout ratio (DPR) is presently 55.56%.

About AES

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company’s portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.