The AES Co. (NYSE:AES) Stake Boosted by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust increased its holdings in The AES Co. (NYSE:AES) by 267.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,587 shares of the utilities provider’s stock after purchasing an additional 2,611 shares during the period. Parkside Financial Bank & Trust’s holdings in AES were worth $69,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AES. Private Trust Co. NA boosted its holdings in AES by 68.8% in the fourth quarter. Private Trust Co. NA now owns 2,669 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 1,088 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in AES by 57.8% in the third quarter. EverSource Wealth Advisors LLC now owns 3,550 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 1,300 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in AES by 35.2% in the third quarter. Global Retirement Partners LLC now owns 3,710 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 965 shares in the last quarter. Allworth Financial LP boosted its holdings in AES by 133.7% during the fourth quarter. Allworth Financial LP now owns 3,110 shares of the utilities provider’s stock valued at $60,000 after acquiring an additional 1,779 shares during the period. Finally, CX Institutional bought a new stake in AES during the fourth quarter valued at about $70,000. 93.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on AES. Mizuho began coverage on shares of AES in a research report on Thursday, April 18th. They issued a “buy” rating and a $21.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price objective on shares of AES in a research note on Tuesday, April 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $25.00 price target on shares of AES in a report on Monday, March 25th. Argus reissued a “buy” rating and issued a $25.00 price objective on shares of AES in a research note on Tuesday, March 26th. Finally, Barclays dropped their price objective on shares of AES from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.13.

AES Trading Down 1.4 %

AES opened at $17.13 on Friday. The AES Co. has a twelve month low of $11.43 and a twelve month high of $23.81. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 4.42. The company has a fifty day moving average of $16.51 and a 200-day moving average of $16.77. The stock has a market cap of $12.17 billion, a PE ratio of 51.90 and a beta of 1.08.

AES (NYSE:AES) last posted its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.06. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.36 billion. AES had a net margin of 2.12% and a return on equity of 38.76%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the company posted $0.49 earnings per share. On average, sell-side analysts predict that The AES Co. will post 1.91 EPS for the current year.

AES Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Tuesday, April 30th. AES’s payout ratio is 209.10%.

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.