45,537 Shares in The AES Corporation $AES Purchased by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC bought a new stake in shares of The AES Corporation (NYSE:AES) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 45,537 shares of the utilities provider’s stock, valued at approximately $668,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Dorsey & Whitney Trust CO LLC increased its stake in shares of AES by 4.8% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 14,658 shares of the utilities provider’s stock valued at $210,000 after acquiring an additional 671 shares during the period. New Mexico Educational Retirement Board raised its stake in shares of AES by 2.5% in the 4th quarter. New Mexico Educational Retirement Board now owns 32,922 shares of the utilities provider’s stock worth $472,000 after buying an additional 800 shares in the last quarter. Zions Bancorporation National Association UT lifted its holdings in shares of AES by 3.1% in the fourth quarter. Zions Bancorporation National Association UT now owns 28,581 shares of the utilities provider’s stock valued at $410,000 after buying an additional 852 shares during the period. S&CO Inc. boosted its stake in AES by 6.2% during the fourth quarter. S&CO Inc. now owns 17,000 shares of the utilities provider’s stock valued at $243,000 after buying an additional 1,000 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in AES by 61.0% during the first quarter. EverSource Wealth Advisors LLC now owns 5,296 shares of the utilities provider’s stock valued at $75,000 after buying an additional 2,006 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors.

AES Price Performance

AES stock opened at $14.73 on Monday. The company’s 50 day simple moving average is $14.73 and its 200-day simple moving average is $14.72. The AES Corporation has a 52-week low of $12.33 and a 52-week high of $17.65. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.75 and a quick ratio of 0.67. The firm has a market capitalization of $10.51 billion, a P/E ratio of 5.62 and a beta of 0.97.

AES (NYSE:AES) last posted its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.15. The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.11 billion. AES had a net margin of 14.30% and a return on equity of 20.69%. As a group, equities research analysts anticipate that The AES Corporation will post 2.27 EPS for the current year.

AES Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, July 31st. AES’s dividend payout ratio is 26.72%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of AES from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. Eight equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.71.

AES Profile

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company’s portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.