19 hours Ago By Defense World Staff
Charles Schwab Investment Management Inc. increased its stake in The AES Co. (NYSE:AES – Free Report) by 2.
8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,879,259 shares of the utilities provider’s stock after acquiring an additional 185,020 shares during the quarter. Charles Schwab Investment Management Inc.
owned approximately 0.97% of AES worth $88,536,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds also recently modified their holdings of the stock.
Millburn Ridgefield Corp acquired a new position in shares of AES in the 3rd quarter valued at $28,000. SRS Capital Advisors Inc. boosted its position in shares of AES by 190.
3% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 1,581 shares during the period.
WR Wealth Planners LLC boosted its position in shares of AES by 93.3% in the 4th quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 1,369 shares during the period.
Brooklyn Investment Group acquired a new position in shares of AES in the 3rd quarter valued at $63,000. Finally, Cape Investment Advisory Inc. boosted its position in shares of AES by 39.
1% in the 4th quarter. Cape Investment Advisory Inc. now owns 6,978 shares of the utilities provider’s stock valued at $90,000 after purchasing an additional 1,961 shares during the period.
93.13% of the stock is owned by institutional investors and hedge funds. AES Stock Up 4.
8 %AES opened at $11.79 on Tuesday. The business has a 50-day moving average of $11.
32 and a 200-day moving average of $14.29. The company has a debt-to-equity ratio of 3.
21, a current ratio of 0.85 and a quick ratio of 0.80.
The AES Co. has a fifty-two week low of $9.88 and a fifty-two week high of $22.
21. The company has a market capitalization of $8.38 billion, a PE ratio of 8.
18, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94.
AES (NYSE:AES – Get Free Report) last issued its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.54 earnings per share for the quarter, beating 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 business had revenue of $2.
96 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period last year, the business earned $0.
73 EPS. Equities research analysts forecast that The AES Co. will post 1.
93 EPS for the current fiscal year. AES Dividend AnnouncementThe 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 dividend on an annualized basis and a dividend yield of 5.
97%. The ex-dividend date is Thursday, May 1st. AES’s payout ratio is 29.
54%. Analysts Set New Price TargetsAES has been the subject of a number of recent analyst reports. Bank of America upgraded AES from an “underperform” rating to a “neutral” rating and increased their price target for the company from $11.
00 to $13.00 in a research report on Tuesday, March 4th. HSBC began coverage on AES in a research note on Friday, December 13th.
They issued a “buy” rating and a $17.00 price objective for the company. Barclays reduced their price objective on AES from $17.
00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Hsbc Global Res raised AES to a “strong-buy” rating in a research note on Friday, December 13th.
Finally, Mizuho reduced their price objective on AES from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, March 4th.
One analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, AES currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.30.
View Our Latest Research Report on AESAbout 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.Read MoreFive stocks we like better than AESStock Analyst Ratings and Canadian Analyst RatingsHow to Protect Your Portfolio When Inflation Is RisingInvesting In Automotive Stocks3 Tech Stocks Defying Sector Weakness and Thriving in 2025Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real TimeDespite Challenges Novo Nordisk Plans to Crush GLP-1 Competitors.
