Atria Wealth Solutions Inc. Purchases New Position in The AES Co. (NYSE:AES)

Atria Wealth Solutions Inc. purchased a new position in shares of The AES Co. (NYSE:AES) during the fourth quarter, Holdings Channel reports. The firm purchased 116,676 shares of the utilities provider’s stock, valued at approximately $1,502,000.

Other large investors have also made changes to their positions in the company. Millburn Ridgefield Corp acquired a new stake in AES in the 3rd quarter valued at $28,000. Brooklyn Investment Group acquired a new stake in shares of AES in the third quarter valued at about $63,000. Blue Trust Inc. increased its stake in shares of AES by 69.3% during the third quarter. Blue Trust Inc. now owns 3,688 shares of the utilities provider’s stock worth $74,000 after purchasing an additional 1,509 shares in the last quarter. Toth Financial Advisory Corp acquired a new position in shares of AES during the 4th quarter worth about $95,000. Finally, Wilmington Savings Fund Society FSB lifted its stake in AES by 22.4% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 8,472 shares of the utilities provider’s stock valued at $109,000 after buying an additional 1,551 shares in the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on AES. Hsbc Global Res raised AES to a “strong-buy” rating in a report on Friday, December 13th. Mizuho lowered their target price on shares of AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, November 21st. HSBC started coverage on shares of AES in a research report on Friday, December 13th. They issued a “buy” rating and a $17.00 target price for the company. Susquehanna dropped their price objective on shares of AES from $24.00 to $21.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. Finally, Bank of America initiated coverage on shares of AES in a research note on Monday, November 25th. They issued an “underperform” rating and a $11.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.80.

AES Stock Down 1.1 %

Shares of NYSE AES opened at $10.56 on Monday. The company has a market capitalization of $7.50 billion, a P/E ratio of 7.33, a P/E/G ratio of 0.83 and a beta of 0.99. 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 company has a 50 day simple moving average of $11.70 and a 200-day simple moving average of $14.72. The AES Co. has a 1 year low of $9.88 and a 1 year high of $22.21.

AES Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 6.67%. AES’s dividend payout ratio is currently 48.61%.

AES 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.