Envestnet Asset Management Inc. Decreases Position in The AES Co. (NYSE:AES)

Envestnet Asset Management Inc. reduced its stake in The AES Co. ( NYSE:AES – Free Report ) by 0.

8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,121,771 shares of the utilities provider’s stock after selling 9,559 shares during the period. Envestnet Asset Management Inc.



owned 0.16% of AES worth $14,437,000 as of its most recent SEC filing. Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company.

Sanctuary Advisors LLC raised its stake in AES by 3.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 34,067 shares of the utilities provider’s stock worth $683,000 after acquiring an additional 1,141 shares in the last quarter.

Wilmington Savings Fund Society FSB purchased a new position in shares of AES during the third quarter worth about $139,000. Franklin Resources Inc. increased its position in shares of AES by 12.

8% during the third quarter. Franklin Resources Inc. now owns 2,930,901 shares of the utilities provider’s stock worth $58,794,000 after purchasing an additional 333,154 shares in the last quarter.

Principal Financial Group Inc. lifted its holdings in shares of AES by 3.5% in the 3rd quarter.

Principal Financial Group Inc. now owns 830,873 shares of the utilities provider’s stock valued at $16,667,000 after purchasing an additional 28,043 shares during the last quarter. Finally, Douglas Lane & Associates LLC boosted its position in shares of AES by 0.

9% in the 4th quarter. Douglas Lane & Associates LLC now owns 3,541,203 shares of the utilities provider’s stock valued at $45,575,000 after purchasing an additional 32,122 shares during the period. Institutional investors and hedge funds own 93.

13% of the company’s stock. Analyst Ratings Changes Several research firms have commented on AES. Jefferies Financial Group reaffirmed a “hold” rating and set a $10.

00 price target (down previously from $15.00) on shares of AES in a research report on Thursday, April 10th. Bank of America upgraded shares of AES from an “underperform” rating to a “neutral” rating and upped their price target for the company from $11.

00 to $13.00 in a research report on Tuesday, March 4th. Seaport Res Ptn downgraded shares of AES from a “hold” rating to a “strong sell” rating in a research report on Monday, March 3rd.

Barclays reduced their target price on shares of AES from $17.00 to $12.00 and set an “overweight” rating for the company in a report on Monday, January 27th.

Finally, Susquehanna lowered their price target on AES from $16.00 to $15.00 and set a “positive” rating on the stock in a report on Wednesday, March 5th.

One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.67.

AES Price Performance Shares of AES opened at $9.97 on Thursday. The firm has a market capitalization of $7.

10 billion, a PE ratio of 6.92, a P/E/G ratio of 0.82 and a beta of 0.

81. The stock’s 50 day moving average is $11.31 and its two-hundred day moving average is $13.

07. The AES Co. has a twelve month low of $9.

86 and a twelve month high of $22.21. The company has a current ratio of 0.

85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21.

AES ( NYSE:AES – Get Free Report ) last announced its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.54 earnings per share 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 analyst estimates of $3.07 billion. During the same quarter in the prior year, the company posted $0.

73 earnings per share. Research analysts anticipate that The AES Co. will post 1.

93 earnings per share for the current year. AES Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.

176 dividend. This represents a $0.70 annualized dividend and a dividend yield of 7.

06%. The ex-dividend date of this dividend is Thursday, May 1st. AES’s dividend payout ratio (DPR) is 29.

54%. About AES ( Free Report ) 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.

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