Empower Advisory Group LLC Has $56.35 Million Position in The AES Corporation (NYSE:AES)

Key Points

• Empower Advisory Group LLC increased its stake in The AES Corporation by 14.5%, now owning approximately 0.64% of the company worth $56.35 million.
• The AES Corporation reported an EPS of $0.51 for the last quarter, exceeding the consensus estimate of $0.39, though revenue fell 3.0% year-over-year.
• AES recently declared a quarterly dividend of $0.176 per share, which equates to a yield of 5.5%, with a payout ratio of 49.30%.

Empower Advisory Group LLC boosted its holdings in The AES Corporation (NYSE:AES - Free Report) by 14.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,537,095 shares of the utilities provider's stock after buying an additional 575,268 shares during the quarter. Empower Advisory Group LLC owned 0.64% of AES worth $56,351,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Hexagon Capital Partners LLC lifted its position in AES by 33.5% in the first 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 raised its stake in shares of AES by 5.1% in the 1st quarter. Diversify Advisory Services LLC now owns 20,904 shares of the utilities provider's stock valued at $260,000 after buying an additional 1,006 shares in the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of AES by 4.0% during the 1st 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 during the period. Yousif Capital Management LLC increased its stake in AES by 1.1% in the first 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 raised its position in AES by 5.0% in the first quarter. Moloney Securities Asset Management LLC now owns 24,752 shares of the utilities provider's stock worth $307,000 after purchasing an additional 1,173 shares in the last quarter. Institutional investors own 93.13% of the company's stock.

AES Price Performance

NYSE AES traded up $0.25 on Friday, hitting $13.10. 6,517,891 shares of the company were exchanged, compared to its average volume of 12,384,457. The AES Corporation has a 1-year low of $9.46 and a 1-year high of $20.30. The firm has a 50 day moving average of $11.93 and a two-hundred day moving average of $11.34. The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 3.46. The company has a market cap of $9.33 billion, a P/E ratio of 9.23, a P/E/G ratio of 1.53 and a beta of 0.96.

AES (NYSE:AES - Get Free Report) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.12. AES had a net margin of 8.42% and a return on equity of 19.02%. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same period in the prior year, the business earned $0.38 earnings per share. AES's quarterly revenue was down 3.0% on a year-over-year basis. On average, equities analysts predict that The AES Corporation will post 1.93 EPS for the current year.

AES Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a $0.176 dividend. The ex-dividend date is Friday, August 1st. This represents a $0.70 annualized dividend and a yield of 5.4%. AES's dividend payout ratio (DPR) is currently 49.30%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Jefferies Financial Group downgraded AES from a "hold" rating to an "underperform" rating and decreased their price objective for the company from $10.00 to $9.00 in a report on Tuesday, May 20th. Wells Fargo & Company upped their price target on AES from $108.00 to $112.00 in a research report on Friday, May 2nd. Citigroup dropped their price objective on AES from $23.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Susquehanna boosted their target price on shares of AES from $15.00 to $16.00 and gave the company a "positive" rating in a research note on Monday, July 21st. Finally, Barclays increased their target price on shares of AES from $12.00 to $14.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $24.67.

AES Company Profile

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.