The AES Corporation (NYSE:AES) Stock Position Lifted by AE Wealth Management LLC

Key Points

• AE Wealth Management LLC has increased its stake in The AES Corporation by 26.0% in the first quarter, now holding 152,124 shares valued at approximately $1.89 million.
• Analyst ratings for AES remain varied, with Barclays and Susquehanna boosting their price targets, while Wall Street Zen downgraded the stock to "sell", resulting in a consensus rating of "Moderate Buy" with an average target price of $24.67.
• The AES Corporation reported a net loss of $0.10 per share against expectations, with revenues for the last quarter at $2.93 billion, down 5.2% year-over-year.

AE Wealth Management LLC lifted its position in The AES Corporation (NYSE:AES - Free Report) by 26.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,124 shares of the utilities provider's stock after acquiring an additional 31,373 shares during the quarter. AE Wealth Management LLC's holdings in AES were worth $1,889,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AES. Commonwealth Equity Services LLC increased its stake in AES by 25.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 89,765 shares of the utilities provider's stock valued at $1,155,000 after purchasing an additional 18,157 shares during the last quarter. American Century Companies Inc. grew its position in shares of AES by 16.0% during the 4th quarter. American Century Companies Inc. now owns 1,784,619 shares of the utilities provider's stock valued at $22,968,000 after buying an additional 246,046 shares during the last quarter. Sei Investments Co. raised its stake in AES by 350.2% during the fourth quarter. Sei Investments Co. now owns 324,906 shares of the utilities provider's stock worth $4,181,000 after acquiring an additional 252,744 shares during the period. LPL Financial LLC lifted its holdings in AES by 8.1% in the fourth quarter. LPL Financial LLC now owns 519,975 shares of the utilities provider's stock worth $6,692,000 after acquiring an additional 38,964 shares during the last quarter. Finally, UniSuper Management Pty Ltd grew its holdings in shares of AES by 51.4% during the fourth quarter. UniSuper Management Pty Ltd now owns 139,902 shares of the utilities provider's stock valued at $1,801,000 after purchasing an additional 47,517 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AES shares. Barclays boosted their price objective on AES from $12.00 to $14.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Susquehanna raised their target price on AES from $15.00 to $16.00 and gave the stock a "positive" rating in a research report on Monday, July 21st. Argus reaffirmed a "hold" rating on shares of AES in a research report on Tuesday, May 27th. Wall Street Zen downgraded AES from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Finally, HSBC reduced their price target on AES from $15.00 to $14.00 in a report on Monday, May 5th. Three analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.67.

AES Stock Performance

Shares of NYSE AES opened at $13.80 on Friday. The business's 50-day simple moving average is $11.36 and its 200-day simple moving average is $11.25. 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 AES Corporation has a 52 week low of $9.46 and a 52 week high of $20.30. The firm has a market cap of $9.82 billion, a price-to-earnings ratio of 7.50, a P/E/G ratio of 1.86 and a beta of 0.95.

AES (NYSE:AES - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.10). AES had a net margin of 10.67% and a return on equity of 18.06%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the business earned $0.60 EPS. The company's revenue for the quarter was down 5.2% on a year-over-year basis. As a group, equities research analysts expect that The AES Corporation will post 1.93 earnings per share for the current fiscal year.

AES Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a $0.176 dividend. The ex-dividend date is Friday, August 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.10%. AES's payout ratio is presently 38.04%.

AES 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.

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