EverSource Wealth Advisors LLC Has $81,000 Stake in The AES Co. (NYSE:AES)

EverSource Wealth Advisors LLC raised its stake in The AES Co. (NYSE:AES) by 95.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,295 shares of the utilities provider’s stock after acquiring an additional 3,080 shares during the period. EverSource Wealth Advisors LLC’s holdings in AES were worth $81,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Millburn Ridgefield Corp acquired a new position in AES during the third quarter worth $28,000. SRS Capital Advisors Inc. raised its stake in AES by 190.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 1,581 shares in the last quarter. WR Wealth Planners LLC raised its stake in AES by 93.3% during the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 1,369 shares in the last quarter. Brooklyn Investment Group acquired a new position in AES during the third quarter worth $63,000. Finally, AlphaQuest LLC raised its stake in AES by 18,047.1% during the fourth quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider’s stock worth $79,000 after acquiring an additional 6,136 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Price Performance

Shares of AES stock opened at $12.90 on Wednesday. The stock has a 50-day moving average price of $11.23 and a 200 day moving average price of $14.03. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The firm has a market cap of $9.18 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 0.82 and a beta of 0.94. The AES Co. has a 12 month low of $9.88 and a 12 month high of $22.21.

AES (NYSE:AES) last issued its earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.20. AES had a return on equity of 27.30% and a net margin of 8.34%. The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the business earned $0.73 earnings per share. Research analysts expect that The AES Co. will post 1.93 EPS for the current year.

AES Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date of this dividend is Thursday, May 1st. AES’s dividend payout ratio (DPR) is currently 29.54%.

Analyst Ratings Changes

Several research firms have issued reports on AES. HSBC began coverage on AES in a research note on Friday, December 13th. They set a “buy” rating and a $17.00 price objective for the company. Susquehanna lowered their target price on AES from $16.00 to $15.00 and set a “positive” rating for the company in a research note on Wednesday, March 5th. Hsbc Global Res upgraded AES to a “strong-buy” rating in a research note on Friday, December 13th. Barclays lowered their target price on AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, Bank of America upgraded AES from an “underperform” rating to a “neutral” rating and raised their target price for the company from $11.00 to $13.00 in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, AES currently has an average rating of “Moderate Buy” and an average target price of $18.30.

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.