Kestra Investment Management LLC Makes New $95,000 Investment in The AES Co. (NYSE:AES)

Kestra Investment Management LLC bought a new position in The AES Co. (NYSE:AES) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,361 shares of the utilities provider’s stock, valued at approximately $95,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Creative Planning boosted its holdings in AES by 7.4% in the third quarter. Creative Planning now owns 113,165 shares of the utilities provider’s stock valued at $2,270,000 after purchasing an additional 7,782 shares during the last quarter. Blue Trust Inc. raised its stake in AES by 69.3% during the third quarter. Blue Trust Inc. now owns 3,688 shares of the utilities provider’s stock valued at $74,000 after buying an additional 1,509 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of AES by 594.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 271,423 shares of the utilities provider’s stock worth $5,445,000 after purchasing an additional 232,355 shares during the period. Waldron Private Wealth LLC acquired a new stake in shares of AES during the 3rd quarter worth approximately $325,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of AES during the 3rd quarter worth approximately $2,803,000. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Stock Performance

AES opened at $10.68 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The firm has a market cap of $7.59 billion, a PE ratio of 7.41, a P/E/G ratio of 0.80 and a beta of 0.99. The business has a fifty day simple moving average of $11.76 and a 200-day simple moving average of $14.79. The AES Co. has a fifty-two week low of $9.88 and a fifty-two week high of $22.21.

AES Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.59%. This is a boost from AES’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, January 31st. AES’s payout ratio is presently 48.61%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Barclays dropped their price target on AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Hsbc Global Res upgraded AES to a “strong-buy” rating in a research report on Friday, December 13th. Susquehanna lowered their target price on AES from $24.00 to $21.00 and set a “positive” rating on the stock in a research report on Tuesday, November 5th. HSBC started coverage on AES in a research report on Friday, December 13th. They issued a “buy” rating and a $17.00 target price on the stock. Finally, Bank of America started coverage on AES in a research report 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 given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, AES has a consensus rating of “Moderate Buy” and a consensus target price of $18.80.

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.