HB Wealth Management LLC Buys Shares of 15,509 The AES Co. (NYSE:AES)

HB Wealth Management LLC acquired a new position in shares of The AES Co. (NYSE:AES) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,509 shares of the utilities provider’s stock, valued at approximately $299,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AES. Coppell Advisory Solutions Corp. acquired a new stake in shares of AES during the 4th quarter valued at approximately $27,000. Gyon Technologies Capital Management LP acquired a new position in shares of AES during the 4th quarter worth approximately $32,000. Resurgent Financial Advisors LLC acquired a new position in shares of AES during the 4th quarter worth approximately $34,000. West Tower Group LLC acquired a new position in shares of AES during the 2nd quarter worth approximately $35,000. Finally, Quent Capital LLC raised its position in shares of AES by 55.0% during the 3rd quarter. Quent Capital LLC now owns 2,417 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 858 shares during the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Price Performance

NYSE AES opened at $17.92 on Friday. The AES Co. has a 52 week low of $11.43 and a 52 week high of $25.74. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 4.42. The stock has a market cap of $12.74 billion, a price-to-earnings ratio of 54.30, a price-to-earnings-growth ratio of 0.99 and a beta of 1.07. The company has a 50-day moving average price of $16.28 and a two-hundred day moving average price of $16.54.

AES (NYSE:AES) last posted its earnings results on Tuesday, February 27th. The utilities provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.67 by $0.06. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.36 billion. AES had a net margin of 2.12% and a return on equity of 38.76%. AES’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 EPS. Analysts forecast that The AES Co. will post 1.9 EPS for the current year.

AES Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.1725 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.69 annualized dividend and a dividend yield of 3.85%. AES’s dividend payout ratio (DPR) is 209.10%.

Wall Street Analysts Forecast Growth

Several research firms have commented on AES. Barclays lowered their target price on shares of AES from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. Morgan Stanley reissued an “overweight” rating and set a $25.00 price objective on shares of AES in a research note on Monday. Finally, Argus reissued a “buy” rating and set a $25.00 price objective on shares of AES in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.57.

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.