CWM Advisors LLC Sells 2,015 Shares of AES Corp (NYSE:AES)

CWM Advisors LLC decreased its position in shares of AES Corp (NYSE:AES) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,617 shares of the utilities provider’s stock after selling 2,015 shares during the quarter. CWM Advisors LLC’s holdings in AES were worth $313,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AES. Arcadia Investment Management Corp MI bought a new position in AES in the 4th quarter worth about $29,000. We Are One Seven LLC bought a new position in AES in the 4th quarter worth about $30,000. Covington Capital Management increased its stake in AES by 55.7% in the 4th quarter. Covington Capital Management now owns 2,335 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 835 shares during the last quarter. IMS Capital Management bought a new position in AES in the 3rd quarter worth about $52,000. Finally, North Star Investment Management Corp. increased its stake in AES by 22.8% in the 4th quarter. North Star Investment Management Corp. now owns 4,476 shares of the utilities provider’s stock worth $65,000 after acquiring an additional 831 shares during the last quarter. Hedge funds and other institutional investors own 93.54% of the company’s stock.

Shares of AES stock traded up $0.02 during trading on Friday, hitting $17.72. 4,256,567 shares of the stock traded hands, compared to its average volume of 5,156,407. The company has a current ratio of 1.14, a quick ratio of 1.01 and a debt-to-equity ratio of 3.15. The firm has a market capitalization of $11.74 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.70 and a beta of 1.09. AES Corp has a 52 week low of $11.58 and a 52 week high of $18.52.

AES (NYSE:AES) last announced its quarterly earnings data on Wednesday, February 27th. The utilities provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $4.06 billion. AES had a return on equity of 19.43% and a net margin of 11.20%. The company’s revenue was down .8% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 EPS. As a group, analysts predict that AES Corp will post 1.34 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.1365 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.55 annualized dividend and a dividend yield of 3.08%. AES’s dividend payout ratio (DPR) is presently 44.35%.

Separately, Zacks Investment Research lowered AES from a “buy” rating to a “hold” rating in a research note on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. AES currently has a consensus rating of “Hold” and a consensus price target of $15.00.

ILLEGAL ACTIVITY NOTICE: This article was first published by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The correct version of this article can be read at https://www.baseballdailydigest.com/news/2019/04/21/aes-corp-aes-stake-decreased-by-cwm-advisors-llc.html.

AES Company Profile

The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also 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 More: Moving Average (MA)

Institutional Ownership by Quarter for AES (NYSE:AES)

Receive News & Ratings for AES Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AES and related companies with MarketBeat.com's FREE daily email newsletter.