Patrick Mauro Investment Advisor INC. boosted its position in shares of The AES Corporation (NYSE:AES - Free Report) by 516.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 528,745 shares of the utilities provider's stock after acquiring an additional 442,987 shares during the period. AES accounts for about 3.6% of Patrick Mauro Investment Advisor INC.'s holdings, making the stock its 9th biggest position. Patrick Mauro Investment Advisor INC. owned 0.07% of AES worth $6,567,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in AES in the 1st quarter worth approximately $437,000. Apollon Wealth Management LLC bought a new stake in AES during the 1st quarter valued at $173,000. Signaturefd LLC raised its holdings in AES by 114.0% during the 1st quarter. Signaturefd LLC now owns 14,430 shares of the utilities provider's stock valued at $179,000 after buying an additional 7,688 shares during the last quarter. Edgestream Partners L.P. bought a new stake in AES during the 1st quarter valued at $6,160,000. Finally, Bleakley Financial Group LLC raised its holdings in AES by 4.5% in the 1st quarter. Bleakley Financial Group LLC now owns 50,841 shares of the utilities provider's stock worth $631,000 after purchasing an additional 2,180 shares in the last quarter. Hedge funds and other institutional investors own 93.13% of the company's stock.
Analyst Ratings Changes
AES has been the subject of several research reports. JPMorgan Chase & Co. decreased their price objective 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. Wells Fargo & Company upped their price objective on shares of AES from $108.00 to $112.00 in a report on Friday, May 2nd. Citigroup decreased their price objective on shares of AES from $23.00 to $14.00 and set a "buy" rating for the company in a report on Friday, May 9th. Argus restated a "hold" rating on shares of AES in a report on Tuesday, May 27th. Finally, Jefferies Financial Group lowered shares of AES from a "hold" rating to an "underperform" rating and decreased their price objective for the stock from $10.00 to $9.00 in a report on Tuesday, May 20th. Three research analysts have rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, AES presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.22.
Get Our Latest Stock Report on AES
AES Stock Up 1.1%
Shares of AES stock traded up $0.15 during trading on Friday, hitting $13.34. The company's stock had a trading volume of 6,083,185 shares, compared to its average volume of 13,867,885. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.78 and a current ratio of 0.84. The company has a fifty day simple moving average of $11.17 and a two-hundred day simple moving average of $11.22. The company has a market capitalization of $9.49 billion, a PE ratio of 7.25, a P/E/G ratio of 1.75 and a beta of 0.95. The AES Corporation has a 52 week low of $9.46 and a 52 week high of $20.30.
AES (NYSE:AES - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.10). AES had a return on equity of 18.06% and a net margin of 10.67%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the business earned $0.60 earnings per share. The firm's revenue was down 5.2% compared to the same quarter last year. Equities research analysts predict that The AES Corporation will post 1.93 earnings per share for the current year.
AES Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a yield of 5.28%. The ex-dividend date is Friday, August 1st. AES's dividend payout ratio (DPR) is 38.04%.
AES Company Profile
(
Free Report)
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.
Featured Articles
Before you consider AES, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AES wasn't on the list.
While AES currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
