Janney Montgomery Scott LLC Raises Holdings in The AES Co. (NYSE:AES)

Janney Montgomery Scott LLC increased its holdings in The AES Co. (NYSE:AESGet Rating) by 27.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 32,295 shares of the utilities provider’s stock after acquiring an additional 6,879 shares during the period. Janney Montgomery Scott LLC’s holdings in AES were worth $730,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Hancock Whitney Corp grew its position in AES by 0.7% in the second quarter. Hancock Whitney Corp now owns 64,472 shares of the utilities provider’s stock worth $1,355,000 after acquiring an additional 463 shares during the period. Kessler Investment Group LLC lifted its stake in AES by 4.9% during the third quarter. Kessler Investment Group LLC now owns 10,042 shares of the utilities provider’s stock worth $227,000 after purchasing an additional 466 shares in the last quarter. Dupont Capital Management Corp lifted its stake in AES by 8.0% during the second quarter. Dupont Capital Management Corp now owns 7,534 shares of the utilities provider’s stock worth $158,000 after purchasing an additional 556 shares in the last quarter. Gould Capital LLC lifted its stake in AES by 0.4% during the second quarter. Gould Capital LLC now owns 133,810 shares of the utilities provider’s stock worth $2,811,000 after purchasing an additional 565 shares in the last quarter. Finally, Hartford Investment Management Co. lifted its stake in AES by 0.9% during the second quarter. Hartford Investment Management Co. now owns 63,497 shares of the utilities provider’s stock worth $1,334,000 after purchasing an additional 583 shares in the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other AES news, CEO Andres Gluski sold 748,625 shares of AES stock in a transaction that occurred on Wednesday, December 28th. The stock was sold at an average price of $28.43, for a total transaction of $21,283,408.75. Following the transaction, the chief executive officer now owns 1,285,504 shares of the company’s stock, valued at $36,546,878.72. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.77% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AES. Susquehanna Bancshares upped their price target on AES from $30.00 to $33.00 in a research note on Monday, November 7th. Susquehanna upped their price target on AES from $30.00 to $33.00 in a research note on Monday, November 7th. Credit Suisse Group increased their price objective on AES from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, October 19th. Morgan Stanley increased their price objective on AES from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, November 11th. Finally, TheStreet upgraded AES from a “c” rating to a “b” rating in a research note on Friday, November 4th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $30.89.

AES Price Performance

Shares of NYSE AES opened at $26.93 on Friday. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.12 and a current ratio of 1.29. The AES Co. has a fifty-two week low of $18.62 and a fifty-two week high of $29.89. The firm has a market capitalization of $17.99 billion, a PE ratio of -57.30, a price-to-earnings-growth ratio of 1.85 and a beta of 0.97. The stock’s 50-day simple moving average is $28.09 and its 200-day simple moving average is $25.61.

AES (NYSE:AESGet Rating) last issued its earnings results on Friday, November 4th. The utilities provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.09. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $2.93 billion. AES had a positive return on equity of 36.60% and a negative net margin of 1.88%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the company earned $0.50 EPS. As a group, equities research analysts forecast that The AES Co. will post 1.64 EPS for the current fiscal year.

AES Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 1st will be given a dividend of $0.1659 per share. This is a positive change from AES’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, January 31st. This represents a $0.66 annualized dividend and a yield of 2.46%. AES’s payout ratio is -134.04%.

About AES

(Get Rating)

The AES Corp. engages in the provision of power generation and utility services through its renewable and thermal generation facilities and distribution businesses. It operates through the following segments: U.S. and Utilities Strategic Business Unit (SBU), South America SBU, MCAC SBU, Eurasia SBU. The U.S.

Recommended Stories

Want to see what other hedge funds are holding AES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The AES Co. (NYSE:AESGet Rating).

Institutional Ownership by Quarter for AES (NYSE:AES)

Receive News & Ratings for AES Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AES and related companies with MarketBeat.com's FREE daily email newsletter.