Captrust Financial Advisors Has $610,000 Holdings in The AES Co. (NYSE:AES)

Captrust Financial Advisors lessened its holdings in shares of The AES Co. (NYSE:AES) by 14.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,370 shares of the utilities provider’s stock after selling 8,202 shares during the quarter. Captrust Financial Advisors’ holdings in AES were worth $610,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. raised its stake in AES by 190.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock worth $31,000 after buying an additional 1,581 shares during the period. Optiver Holding B.V. raised its stake in shares of AES by 79.5% in the 4th quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 1,201 shares during the period. WR Wealth Planners LLC raised its stake 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. Covestor Ltd raised its stake in shares of AES by 601.5% in the 4th quarter. Covestor Ltd now owns 5,745 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 4,926 shares during the period. Finally, AlphaQuest LLC raised its stake in shares of AES by 18,047.1% in the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider’s stock valued at $79,000 after purchasing an additional 6,136 shares during the period. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Trading Down 1.7%

AES stock opened at $12.19 on Friday. The AES Co. has a 52 week low of $9.57 and a 52 week high of $22.21. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The stock has a market capitalization of $8.68 billion, a P/E ratio of 8.46, a PEG ratio of 0.82 and a beta of 0.94. The stock has a 50-day simple moving average of $11.29 and a 200 day simple moving average of $11.95.

AES (NYSE:AES) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.10). AES had a return on equity of 27.30% and a net margin of 8.34%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the business posted $0.60 EPS. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. Analysts expect that The AES Co. will post 1.93 earnings per share for the current year.

AES Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date of this dividend was Thursday, May 1st. AES’s payout ratio is currently 38.04%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Jefferies Financial Group reissued a “hold” rating and issued a $10.00 price target (down previously from $15.00) on shares of AES in a research note on Thursday, April 10th. Citigroup dropped their price target on AES from $23.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Mizuho dropped their price target on AES from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. Seaport Res Ptn downgraded AES from a “hold” rating to a “strong sell” rating in a research note on Monday, March 3rd. Finally, Wells Fargo & Company lifted their target price on AES from $108.00 to $112.00 in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $24.33.

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.