Cetera Advisors LLC Has $541,000 Position in AES Corp (AES)

Cetera Advisors LLC increased its stake in shares of AES Corp (NYSE:AES) by 12.7% in the first quarter, Holdings Channel reports. The firm owned 29,961 shares of the utilities provider’s stock after buying an additional 3,375 shares during the period. Cetera Advisors LLC’s holdings in AES were worth $541,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AES. Cullen Frost Bankers Inc. purchased a new stake in AES in the first quarter valued at $30,000. Reilly Financial Advisors LLC acquired a new stake in shares of AES in the first quarter valued at $36,000. Liberty Wealth Management LLC acquired a new stake in shares of AES in the first quarter valued at $36,000. We Are One Seven LLC acquired a new stake in shares of AES in the fourth quarter valued at $30,000. Finally, Covington Capital Management grew its stake in shares of AES by 55.7% in the fourth quarter. Covington Capital Management now owns 2,335 shares of the utilities provider’s stock valued at $34,000 after buying an additional 835 shares in the last quarter. Hedge funds and other institutional investors own 94.30% of the company’s stock.

In related news, Director Jeffrey W. Ubben bought 2,482,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was purchased at an average cost of $16.11 per share, with a total value of $39,985,020.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey W. Ubben bought 2,582,000 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average cost of $16.10 per share, with a total value of $41,570,200.00. The disclosure for this purchase can be found here. Insiders own 1.06% of the company’s stock.

Separately, Zacks Investment Research raised AES from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $14.50.

Shares of NYSE AES opened at $16.34 on Friday. AES Corp has a twelve month low of $11.80 and a twelve month high of $18.52. The company has a quick ratio of 1.21, a current ratio of 1.34 and a debt-to-equity ratio of 3.27. The firm has a market capitalization of $10.85 billion, a PE ratio of 13.18, a PEG ratio of 1.56 and a beta of 1.04.

AES (NYSE:AES) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.02). AES had a net margin of 6.32% and a return on equity of 19.05%. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same period in the previous year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. As a group, research analysts anticipate that AES Corp will post 1.34 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were paid a dividend of $0.1365 per share. The ex-dividend date was Tuesday, April 30th. This represents a $0.55 annualized dividend and a yield of 3.34%. AES’s payout ratio is 44.35%.

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AES 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.

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Institutional Ownership by Quarter for AES (NYSE:AES)

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