Carson Advisory Inc. Invests $1.78 Million in The AES Corporation (NYSE:AES)

Carson Advisory Inc. acquired a new position in shares of The AES Corporation (NYSE:AES - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 142,900 shares of the utilities provider's stock, valued at approximately $1,775,000. AES comprises about 1.2% of Carson Advisory Inc.'s portfolio, making the stock its 20th biggest position.

Other hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in shares of AES in the fourth quarter valued at approximately $402,000. AlphaQuest LLC increased its position in shares of AES by 18,047.1% in the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider's stock valued at $79,000 after acquiring an additional 6,136 shares during the period. Avantax Advisory Services Inc. increased its position in shares of AES by 6.1% in the 4th quarter. Avantax Advisory Services Inc. now owns 44,558 shares of the utilities provider's stock valued at $573,000 after acquiring an additional 2,558 shares during the period. Commonwealth Equity Services LLC increased its position in shares of AES by 25.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 89,765 shares of the utilities provider's stock valued at $1,155,000 after acquiring an additional 18,157 shares during the period. Finally, Natixis Advisors LLC increased its position in shares of AES by 4.0% in the 4th quarter. Natixis Advisors LLC now owns 68,459 shares of the utilities provider's stock valued at $881,000 after acquiring an additional 2,634 shares during the period. Institutional investors own 93.13% of the company's stock.

AES Stock Performance

Shares of AES opened at $13.19 on Friday. The company's 50 day moving average price is $11.17 and its 200 day moving average price is $11.22. The AES Corporation has a 52 week low of $9.46 and a 52 week high of $20.30. The company has a market capitalization of $9.39 billion, a PE ratio of 7.17, a PEG ratio of 1.75 and a beta of 0.95. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.78 and a current ratio of 0.84.

AES (NYSE:AES - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.10). AES had a return on equity of 18.06% and a net margin of 10.67%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. AES's quarterly revenue was down 5.2% compared to the same quarter last year. Research analysts expect that The AES Corporation will post 1.93 EPS for the current fiscal year.

AES Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.176 dividend. This represents a $0.70 annualized dividend and a dividend yield of 5.34%. The ex-dividend date of this dividend is Friday, August 1st. AES's payout ratio is 38.04%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AES. Citigroup lowered their target price on shares of AES from $23.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. HSBC dropped their price target on shares of AES from $15.00 to $14.00 in a research note on Monday, May 5th. Argus reissued a "hold" rating on shares of AES in a research report on Tuesday, May 27th. JPMorgan Chase & Co. cut their price target on shares of AES from $16.00 to $14.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen lowered shares of AES from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $24.22.

About AES

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.