Perigon Wealth Management LLC Has $541,000 Stock Position in The AES Co. (NYSE:AES)

Perigon Wealth Management LLC boosted its holdings in The AES Co. (NYSE:AES) by 10.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 28,101 shares of the utilities provider’s stock after acquiring an additional 2,550 shares during the quarter. Perigon Wealth Management LLC’s holdings in AES were worth $541,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Coppell Advisory Solutions Corp. bought a new position in AES in the fourth quarter valued at about $27,000. Gyon Technologies Capital Management LP acquired a new position in AES in the 4th quarter valued at approximately $32,000. Resurgent Financial Advisors LLC bought a new position in shares of AES during the fourth quarter valued at $34,000. Quent Capital LLC grew its stake in shares of AES by 55.0% in the third 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. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in AES by 5,681.8% during the 4th 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 period. Institutional investors own 93.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank of Canada restated an “outperform” rating and set a $22.00 target price on shares of AES in a research report on Tuesday, April 9th. Argus reaffirmed a “buy” rating and set a $25.00 price objective on shares of AES in a research report on Tuesday, March 26th. Morgan Stanley reiterated an “overweight” rating and set a $25.00 target price on shares of AES in a research report on Monday, March 25th. Barclays decreased their price target 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. Finally, UBS Group cut their price objective on shares of AES from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 3rd. One 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’s stock. According to data from MarketBeat, AES presently has an average rating of “Hold” and an average price target of $22.29.

AES Trading Down 4.1 %

NYSE:AES opened at $16.16 on Tuesday. The AES Co. has a one year low of $11.43 and a one year high of $24.59. The company has a market cap of $11.49 billion, a PE ratio of 48.97 and a beta of 1.08. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.68 and a quick ratio of 0.61. The firm has a 50-day moving average of $16.49 and a 200-day moving average of $16.64.

AES (NYSE:AES) last issued its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.67 by $0.06. AES had a return on equity of 38.76% and a net margin of 2.12%. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same period in the prior year, the business posted $0.49 earnings per share. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. As a group, equities research analysts expect that The AES Co. will post 1.91 EPS for the current fiscal year.

AES Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.1725 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $0.69 annualized dividend and a dividend yield of 4.27%. AES’s dividend payout ratio is currently 209.09%.

About AES

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.