SG Americas Securities LLC Has $11.07 Million Stock Position in The AES Co. (NYSE:AES)

SG Americas Securities LLC raised its stake in The AES Co. (NYSE:AES) by 735.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 617,387 shares of the utilities provider’s stock after buying an additional 543,464 shares during the period. SG Americas Securities LLC’s holdings in AES were worth $11,070,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Riverview Trust Co acquired a new stake in AES in the first quarter valued at approximately $33,000. Glassman Wealth Services lifted its holdings in shares of AES by 186.1% during the fourth quarter. Glassman Wealth Services now owns 1,928 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 1,254 shares during the period. Private Trust Co. NA lifted its holdings in shares of AES by 68.8% during the fourth quarter. Private Trust Co. NA now owns 2,669 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 1,088 shares during the period. Principal Securities Inc. acquired a new position in shares of AES during the fourth quarter worth $57,000. Finally, Allworth Financial LP lifted its holdings in shares of AES by 133.7% during the fourth quarter. Allworth Financial LP now owns 3,110 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 1,779 shares during the period. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Trading Up 1.3 %

AES opened at $18.89 on Friday. The AES Co. has a 1-year low of $11.43 and a 1-year high of $22.60. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 4.04. The company has a market cap of $13.42 billion, a P/E ratio of 26.24 and a beta of 1.08. The company has a fifty day moving average price of $19.61 and a two-hundred day moving average price of $17.95.

AES (NYSE:AES) last posted its quarterly earnings results on Friday, May 3rd. The utilities provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.16. AES had a net margin of 4.40% and a return on equity of 36.23%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the firm posted $0.22 earnings per share. The business’s revenue was down 4.8% compared to the same quarter last year. Analysts predict that The AES Co. will post 1.91 EPS for the current fiscal year.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 3.65%. AES’s dividend payout ratio (DPR) is currently 95.83%.

Wall Street Analyst Weigh In

AES has been the topic of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 price target on shares of AES in a report on Tuesday, April 9th. Seaport Res Ptn lowered shares of AES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. UBS Group dropped their target price on shares of AES from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, April 3rd. Argus restated a “buy” rating and issued a $25.00 target price on shares of AES in a report on Tuesday, March 26th. Finally, Barclays boosted their target price on shares of AES from $20.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.88.

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.