Crewe Advisors LLC Raises Stock Position in The AES Co. (NYSE:AES)

Crewe Advisors LLC boosted its position in shares of The AES Co. (NYSE:AES) by 183.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,023 shares of the utilities provider’s stock after acquiring an additional 1,958 shares during the period. Crewe Advisors LLC’s holdings in AES were worth $53,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of AES. Rise Advisors LLC raised its holdings in AES by 92.4% during the 2nd quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock valued at $26,000 after buying an additional 720 shares during the last quarter. UMB Bank n.a. grew its position in shares of AES by 102.3% in the 2nd quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock worth $31,000 after buying an additional 898 shares during the period. Riverview Trust Co purchased a new stake in shares of AES in the 1st quarter worth about $33,000. Glassman Wealth Services grew its position in shares of AES by 186.1% in the 4th quarter. Glassman Wealth Services now owns 1,928 shares of the utilities provider’s stock worth $37,000 after buying an additional 1,254 shares during the period. Finally, Principal Securities Inc. purchased a new stake in shares of AES in the 4th quarter worth about $57,000. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Trading Down 0.8 %

NYSE AES traded down $0.13 on Friday, hitting $17.13. 5,713,817 shares of the stock were exchanged, compared to its average volume of 8,000,235. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.71 and a current ratio of 0.78. The stock has a fifty day moving average price of $17.53 and a two-hundred day moving average price of $17.83. The firm has a market capitalization of $12.17 billion, a P/E ratio of 23.79 and a beta of 1.08. The AES Co. has a 52-week low of $11.43 and a 52-week high of $22.21.

AES (NYSE:AES) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $3.22 billion. AES had a return on equity of 35.44% and a net margin of 6.07%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. Research analysts forecast that The AES Co. will post 1.91 EPS for the current fiscal year.

AES Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a $0.1725 dividend. The ex-dividend date was Thursday, August 1st. This represents a $0.69 dividend on an annualized basis and a yield of 4.03%. AES’s dividend payout ratio is currently 95.83%.

Analyst Ratings Changes

Several brokerages recently commented on AES. Seaport Res Ptn downgraded shares of AES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Barclays dropped their price target on shares of AES from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Finally, Mizuho raised their price target on shares of AES from $21.00 to $24.00 and gave the company a “buy” rating in a report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.71.

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.