Tower Research Capital LLC TRC increased its holdings in The AES Co. (NYSE:AES – Free Report) by 25.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,878 shares of the utilities provider’s stock after buying an additional 3,629 shares during the quarter. Tower Research Capital LLC TRC’s holdings in AES were worth $430,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Coppell Advisory Solutions Corp. purchased a new position in shares of AES in the fourth quarter worth approximately $27,000. Gyon Technologies Capital Management LP purchased a new position in shares of AES in the fourth quarter worth approximately $32,000. Resurgent Financial Advisors LLC purchased a new position in shares of AES in the fourth quarter worth approximately $34,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in shares of AES by 5,681.8% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,272 shares of the utilities provider’s stock worth $37,000 after buying an additional 1,250 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC boosted its holdings in shares of AES by 3,172.5% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 1,309 shares of the utilities provider’s stock worth $38,000 after buying an additional 1,269 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.
Wall Street Analyst Weigh In
AES has been the topic of several analyst reports. StockNews.com initiated coverage on shares of AES in a report on Thursday, August 17th. They set a “sell” rating on the stock. Susquehanna lowered their price target on shares of AES from $33.00 to $30.00 in a report on Thursday, August 3rd. Bank of America downgraded shares of AES from a “buy” rating to a “neutral” rating and lowered their price target for the company from $24.00 to $23.00 in a report on Thursday, June 22nd. UBS Group lowered their price target on shares of AES from $30.00 to $27.00 in a report on Tuesday, May 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $29.00 price target on shares of AES in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, AES currently has an average rating of “Hold” and an average price target of $29.18.
Insider Buying and Selling
In other AES news, Director Alain Monie purchased 27,400 shares of AES stock in a transaction that occurred on Wednesday, August 16th. The shares were bought at an average price of $18.27 per share, for a total transaction of $500,598.00. Following the completion of the transaction, the director now owns 28,725 shares of the company’s stock, valued at approximately $524,805.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Alain Monie acquired 27,400 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were acquired at an average price of $18.27 per share, for a total transaction of $500,598.00. Following the completion of the transaction, the director now directly owns 28,725 shares of the company’s stock, valued at approximately $524,805.75. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Maura Shaughnessy acquired 12,500 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were purchased at an average price of $19.49 per share, for a total transaction of $243,625.00. Following the transaction, the director now directly owns 60,653 shares of the company’s stock, valued at $1,182,126.97. The disclosure for this purchase can be found here. 0.01% of the stock is currently owned by company insiders.
AES Price Performance
AES stock opened at $17.96 on Wednesday. The AES Co. has a one year low of $17.75 and a one year high of $29.89. The company’s fifty day moving average price is $20.64 and its 200-day moving average price is $22.33. The company has a debt-to-equity ratio of 6.02, a quick ratio of 0.84 and a current ratio of 0.94. The company has a market capitalization of $12.03 billion, a PE ratio of -29.44, a price-to-earnings-growth ratio of 1.21 and a beta of 0.95.
AES (NYSE:AES – Get Free Report) last announced its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.04). AES had a positive return on equity of 36.65% and a negative net margin of 2.70%. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the prior year, the firm posted $0.34 EPS. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, equities analysts anticipate that The AES Co. will post 1.7 EPS for the current fiscal year.
AES Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were given a $0.1659 dividend. This represents a $0.66 annualized dividend and a yield of 3.69%. The ex-dividend date was Monday, July 31st. AES’s dividend payout ratio is presently -108.19%.
AES Profile
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also 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.
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