Beck Bode LLC Buys 50,468 Shares of The AES Co. (NYSE:AES)

Beck Bode LLC boosted its holdings in The AES Co. (NYSE:AES) by 9.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 595,126 shares of the utilities provider’s stock after buying an additional 50,468 shares during the quarter. AES makes up 2.6% of Beck Bode LLC’s holdings, making the stock its 7th biggest holding. Beck Bode LLC owned approximately 0.09% of AES worth $11,456,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Private Trust Co. NA boosted its stake in AES by 68.8% in the fourth quarter. Private Trust Co. NA now owns 2,669 shares of the utilities provider’s stock valued at $51,000 after buying an additional 1,088 shares in the last quarter. Allworth Financial LP boosted its stake in AES by 133.7% in the fourth quarter. Allworth Financial LP now owns 3,110 shares of the utilities provider’s stock valued at $60,000 after buying an additional 1,779 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in AES by 57.8% in the third quarter. EverSource Wealth Advisors LLC now owns 3,550 shares of the utilities provider’s stock valued at $54,000 after buying an additional 1,300 shares in the last quarter. Parkside Financial Bank & Trust raised its position in AES by 267.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,587 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 2,611 shares during the last quarter. Finally, CX Institutional bought a new position in AES in the fourth quarter valued at about $70,000. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Trading Up 1.2 %

NYSE AES traded up $0.21 during trading hours on Tuesday, hitting $17.90. 7,920,000 shares of the company’s stock were exchanged, compared to its average volume of 8,239,043. The stock has a 50-day simple moving average of $16.55 and a 200 day simple moving average of $16.88. The AES Co. has a 1-year low of $11.43 and a 1-year high of $23.75. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 54.24 and a beta of 1.08. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 4.42.

AES (NYSE:AES) last released 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. AES had a return on equity of 38.76% and a net margin of 2.12%. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.36 billion. During the same quarter last year, the firm posted $0.49 earnings per share. The firm’s revenue was down 3.0% on a year-over-year basis. On average, equities analysts forecast that The AES Co. will post 1.91 EPS for the current fiscal year.

AES Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors 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 yield of 3.85%. AES’s dividend payout ratio is currently 209.10%.

Analyst Ratings Changes

Several equities analysts have commented on AES shares. UBS Group dropped their target price on AES from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, April 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $25.00 target price on shares of AES in a research report on Monday, March 25th. Mizuho initiated coverage on AES in a research report on Thursday, April 18th. They set a “buy” rating and a $21.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and set a $22.00 price objective on shares of AES in a research report on Tuesday, April 9th. Finally, Argus restated a “buy” rating and set a $25.00 price objective on shares of AES in a research report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $22.13.

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.