SVB Wealth LLC Purchases New Holdings in The AES Corporation $AES

Key Points

• SVB Wealth LLC invested approximately **$990,000** in The AES Corporation by purchasing **79,735 shares** during the first quarter, indicating a significant interest in the utilities provider.
• Analysts have recently upgraded AES ratings and adjusted price targets, with **Susquehanna raising** their target from **$15.00 to $16.00** while maintaining a "positive" rating on the stock.
• AES announced a quarterly dividend of **$0.176**, representing an annualized yield of **5.2%**, highlighting its commitment to shareholder returns amidst fluctuating revenue trends.

SVB Wealth LLC acquired a new stake in The AES Corporation (NYSE:AES - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 79,735 shares of the utilities provider's stock, valued at approximately $990,000.

Other institutional investors have also recently made changes to their positions in the company. Optiver Holding B.V. increased its holdings in shares of AES by 79.5% in the fourth quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock worth $35,000 after purchasing an additional 1,201 shares during the period. Garde Capital Inc. purchased a new stake in shares of AES during the first quarter worth about $35,000. Headlands Technologies LLC purchased a new stake in AES in the first quarter worth about $40,000. CVA Family Office LLC increased its stake in shares of AES by 200.6% during the first quarter. CVA Family Office LLC now owns 3,250 shares of the utilities provider's stock valued at $40,000 after purchasing an additional 2,169 shares in the last quarter. Finally, McIlrath & Eck LLC increased its position in shares of AES by 760.4% during the fourth quarter. McIlrath & Eck LLC now owns 3,347 shares of the utilities provider's stock valued at $43,000 after acquiring an additional 2,958 shares in the last quarter. Institutional investors own 93.13% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of AES from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Barclays raised their price target on shares of AES from $12.00 to $14.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company lifted their target price on shares of AES from $108.00 to $112.00 in a research report on Friday, May 2nd. Citigroup cut their target price on shares of AES from $23.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of AES from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, AES currently has an average rating of "Moderate Buy" and a consensus price target of $24.67.

AES Price Performance

Shares of AES traded up $0.13 during trading hours on Thursday, reaching $13.49. 7,620,295 shares of the stock traded hands, compared to its average volume of 15,272,099. 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 AES Corporation has a 52-week low of $9.46 and a 52-week high of $20.30. The company's 50-day moving average price is $12.54 and its two-hundred day moving average price is $11.53. The company has a market cap of $9.60 billion, a P/E ratio of 9.50, a price-to-earnings-growth ratio of 1.60 and a beta of 0.96.

AES (NYSE:AES - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.51 earnings per share for the quarter, beating 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 analysts' expectations of $2.97 billion. During the same quarter in the previous year, the company earned $0.38 EPS. AES's revenue for the quarter was down 3.0% on a year-over-year basis. On average, analysts anticipate that The AES Corporation will post 1.93 earnings per share for the current year.

AES Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a $0.176 dividend. The ex-dividend date was Friday, August 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.2%. AES's 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.