United Capital Financial Advisors LLC Makes New Investment in The AES Corporation $AES

United Capital Financial Advisors LLC bought a new stake in shares of The AES Corporation (NYSE:AES) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 45,537 shares of the utilities provider’s stock, valued at approximately $668,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AES. Dorsey & Whitney Trust CO LLC raised its holdings in AES by 4.8% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 14,658 shares of the utilities provider’s stock valued at $210,000 after acquiring an additional 671 shares in the last quarter. New Mexico Educational Retirement Board grew its holdings in AES by 2.5% during the 4th quarter. New Mexico Educational Retirement Board now owns 32,922 shares of the utilities provider’s stock worth $472,000 after acquiring an additional 800 shares in the last quarter. Zions Bancorporation National Association UT increased its position in shares of AES by 3.1% in the 4th quarter. Zions Bancorporation National Association UT now owns 28,581 shares of the utilities provider’s stock worth $410,000 after purchasing an additional 852 shares during the last quarter. S&CO Inc. raised its stake in shares of AES by 6.2% in the 4th quarter. S&CO Inc. now owns 17,000 shares of the utilities provider’s stock valued at $243,000 after purchasing an additional 1,000 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of AES by 61.0% during the first quarter. EverSource Wealth Advisors LLC now owns 5,296 shares of the utilities provider’s stock worth $75,000 after purchasing an additional 2,006 shares during the last quarter. Institutional investors own 93.13% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings raised AES from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. Eight investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.71.

AES Stock Performance

Shares of AES opened at $14.73 on Monday. The firm has a fifty day moving average of $14.73 and a 200-day moving average of $14.72. The company has a market cap of $10.51 billion, a price-to-earnings ratio of 5.62 and a beta of 0.97. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.67 and a current ratio of 0.75. The AES Corporation has a 1 year low of $12.33 and a 1 year high of $17.65.

AES (NYSE:AES) last issued its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.15. AES had a net margin of 14.30% and a return on equity of 20.69%. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.11 billion. As a group, equities analysts anticipate that The AES Corporation will post 2.27 earnings per share for the current year.

AES Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were given a $0.176 dividend. This represents a $0.70 annualized dividend and a yield of 4.8%. The ex-dividend date was Friday, July 31st. AES’s dividend payout ratio (DPR) is currently 26.72%.

AES Profile

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.