Signature Estate & Investment Advisors LLC Acquires 1,436 Shares of The AES Co. (NYSE:AES)

Signature Estate & Investment Advisors LLC increased its stake in The AES Co. (NYSE:AES) by 11.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,082 shares of the utilities provider’s stock after purchasing an additional 1,436 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in AES were worth $181,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AES. Rockland Trust Co. increased its position in shares of AES by 7.4% during the 4th quarter. Rockland Trust Co. now owns 16,010 shares of the utilities provider’s stock valued at $206,000 after purchasing an additional 1,110 shares during the last quarter. Sanctuary Advisors LLC grew its position in AES by 3.5% during the third quarter. Sanctuary Advisors LLC now owns 34,067 shares of the utilities provider’s stock valued at $683,000 after acquiring an additional 1,141 shares during the last quarter. WR Wealth Planners LLC raised its stake in shares of AES by 93.3% during the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 1,369 shares in the last quarter. Millburn Ridgefield Corp bought a new stake in shares of AES in the 3rd quarter worth approximately $28,000. Finally, Seed Wealth Management Inc. grew its holdings in shares of AES by 11.4% during the 4th quarter. Seed Wealth Management Inc. now owns 14,665 shares of the utilities provider’s stock valued at $189,000 after purchasing an additional 1,500 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors.

AES Stock Down 0.4 %

Shares of AES stock opened at $12.45 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The AES Co. has a 12-month low of $9.88 and a 12-month high of $22.21. The company has a market cap of $8.86 billion, a P/E ratio of 8.64, a PEG ratio of 0.82 and a beta of 0.94. The company’s fifty day simple moving average is $11.34 and its two-hundred day simple moving average is $13.88.

AES (NYSE:AES) last released its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.20. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.07 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. During the same period in the prior year, the firm earned $0.73 earnings per share. Research analysts anticipate that The AES Co. will post 1.93 EPS for the current year.

AES Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.176 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.70 annualized dividend and a yield of 5.65%. AES’s payout ratio is 29.54%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AES. Bank of America upgraded shares of AES from an “underperform” rating to a “neutral” rating and upped their price target for the company from $11.00 to $13.00 in a research report on Tuesday, March 4th. Hsbc Global Res upgraded AES to a “strong-buy” rating in a research report on Friday, December 13th. Seaport Res Ptn cut AES from a “hold” rating to a “strong sell” rating in a research note on Monday, March 3rd. Barclays dropped their price objective on AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, Susquehanna lowered their price target on shares of AES from $16.00 to $15.00 and set a “positive” rating for the company in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.63.

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.