Raymond James Financial Services Advisors Inc. Has $1.89 Million Stock Holdings in The AES Co. (NYSE:AES)

Raymond James Financial Services Advisors Inc. lowered its holdings in shares of The AES Co. (NYSE:AES) by 9.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 98,018 shares of the utilities provider’s stock after selling 10,826 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in AES were worth $1,887,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Coppell Advisory Solutions Corp. bought a new stake in AES in the 4th quarter valued at $27,000. Gyon Technologies Capital Management LP bought a new stake in shares of AES during the 4th quarter worth about $32,000. Resurgent Financial Advisors LLC acquired a new position in AES in the 4th quarter valued at about $34,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in AES by 5,681.8% during the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,272 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 1,250 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC grew its position in shares of AES by 3,172.5% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 1,309 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 1,269 shares during the last quarter. Institutional investors own 93.13% of the company’s stock.

Wall Street Analysts Forecast Growth

AES has been the subject of several recent research reports. UBS Group reduced their price target on AES from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price target on shares of AES in a research note on Tuesday. Barclays cut their price target on AES from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. Argus reiterated a “buy” rating and set a $25.00 price target on shares of AES in a research report on Tuesday, March 26th. Finally, Morgan Stanley restated an “overweight” rating and issued a $25.00 target price on shares of AES in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $22.29.

AES Stock Down 3.3 %

Shares of NYSE AES opened at $17.68 on Thursday. The AES Co. has a 52-week low of $11.43 and a 52-week high of $25.74. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.61 and a current ratio of 0.68. The company’s 50 day moving average price is $16.48 and its 200-day moving average price is $16.61. The company has a market capitalization of $12.57 billion, a P/E ratio of 53.58 and a beta of 1.08.

AES (NYSE:AES) last issued its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06. The business had revenue of $2.97 billion for 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%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Equities analysts forecast that The AES Co. will post 1.91 earnings per share for the current year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued 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 3.90%. AES’s dividend payout ratio is currently 209.09%.

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.