CW Advisors LLC Purchases Shares of 29,957 The AES Corporation $AES

Key Points

• CW Advisors LLC recently acquired 29,957 shares of The AES Corporation, valued at approximately $373,000, expanding its stake in the utilities provider.
• AES announced a quarterly dividend of $0.176 per share, which represents an annualized dividend of $0.70 and a yield of 5.3%.
• Analysts have varied opinions on AES, with a consensus rating of "Moderate Buy" and price targets ranging from $14.00 to $24.67.

CW Advisors LLC bought a new stake in The AES Corporation (NYSE:AES - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 29,957 shares of the utilities provider's stock, valued at approximately $373,000.

A number of other large investors also recently modified their holdings of AES. Hexagon Capital Partners LLC grew its holdings in shares of AES by 33.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,880 shares of the utilities provider's stock worth $48,000 after purchasing an additional 974 shares during the period. Diversify Advisory Services LLC grew its stake in AES by 5.1% during the first quarter. Diversify Advisory Services LLC now owns 20,904 shares of the utilities provider's stock worth $260,000 after buying an additional 1,006 shares during the period. Kestra Private Wealth Services LLC increased its position in shares of AES by 4.0% in the first quarter. Kestra Private Wealth Services LLC now owns 26,290 shares of the utilities provider's stock worth $327,000 after acquiring an additional 1,011 shares in the last quarter. Yousif Capital Management LLC raised its stake in shares of AES by 1.1% in the 1st quarter. Yousif Capital Management LLC now owns 94,686 shares of the utilities provider's stock valued at $1,176,000 after acquiring an additional 1,012 shares during the period. Finally, Moloney Securities Asset Management LLC lifted its holdings in shares of AES by 5.0% during the 1st quarter. Moloney Securities Asset Management LLC now owns 24,752 shares of the utilities provider's stock valued at $307,000 after acquiring an additional 1,173 shares in the last quarter. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AES shares. JPMorgan Chase & Co. increased their price target on AES from $14.00 to $15.00 and gave the company an "overweight" rating in a report on Tuesday, July 22nd. HSBC lowered their target price on AES from $15.00 to $14.00 in a research note on Monday, May 5th. Citigroup reduced their price target on AES from $23.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Wall Street Zen upgraded AES from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Argus reiterated a "hold" rating on shares of AES in a research note on Tuesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $24.67.

AES Trading Up 0.3%

AES opened at $13.37 on Thursday. The stock has a market capitalization of $9.52 billion, a PE ratio of 9.42, a P/E/G ratio of 1.60 and a beta of 0.96. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.82 and a quick ratio of 0.74. The AES Corporation has a 12-month low of $9.46 and a 12-month high of $20.30. The firm's fifty day moving average price is $12.54 and its 200 day moving average price is $11.53.

AES (NYSE:AES - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.12. AES had a return on equity of 19.02% and a net margin of 8.42%.The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter last year, the business posted $0.38 EPS. AES's quarterly revenue was down 3.0% compared to the same quarter last year. As a group, research analysts expect that The AES Corporation will post 1.93 EPS for the current fiscal year.

AES Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a dividend of $0.176 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $0.70 annualized dividend and a dividend yield of 5.3%. AES's dividend payout ratio is 49.30%.

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.

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