Phillips Wealth Planners LLC Sells 13,819 Shares of The AES Co. (NYSE:AES)

Phillips Wealth Planners LLC trimmed its position in shares of The AES Co. (NYSE:AES) by 57.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,434 shares of the utilities provider’s stock after selling 13,819 shares during the period. Phillips Wealth Planners LLC’s holdings in AES were worth $125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AES. Dimensional Fund Advisors LP grew its holdings in AES by 16.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,132,744 shares of the utilities provider’s stock valued at $55,084,000 after purchasing an additional 444,252 shares during the period. Blair William & Co. IL bought a new position in AES during the second quarter valued at $434,000. Sei Investments Co. grew its holdings in AES by 8.4% during the second quarter. Sei Investments Co. now owns 67,501 shares of the utilities provider’s stock valued at $1,186,000 after purchasing an additional 5,205 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of AES by 5.0% in the second quarter. Thrivent Financial for Lutherans now owns 28,674 shares of the utilities provider’s stock worth $504,000 after acquiring an additional 1,369 shares during the period. Finally, Profund Advisors LLC boosted its holdings in shares of AES by 57.0% in the second quarter. Profund Advisors LLC now owns 39,241 shares of the utilities provider’s stock worth $689,000 after acquiring an additional 14,248 shares during the period. 93.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AES. Hsbc Global Res raised AES to a “strong-buy” rating in a report on Friday, December 13th. Bank of America began coverage on AES in a report on Monday, November 25th. They issued an “underperform” rating and a $11.00 price target for the company. HSBC assumed coverage on AES in a report on Friday, December 13th. They issued a “buy” rating and a $17.00 price target for the company. Barclays dropped their price objective on AES from $23.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, December 13th. Finally, Mizuho dropped their price objective on AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, AES presently has an average rating of “Moderate Buy” and a consensus price target of $19.30.

AES Trading Down 5.3 %

NYSE AES opened at $11.12 on Thursday. The stock’s 50-day simple moving average is $12.87 and its two-hundred day simple moving average is $15.78. The AES Co. has a twelve month low of $11.09 and a twelve month high of $22.21. 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 company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 0.59 and a beta of 1.00.

AES (NYSE:AES) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. AES had a return on equity of 27.30% and a net margin of 8.34%. The business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter last year, the business posted $0.60 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. Research analysts forecast that The AES Co. will post 1.95 EPS for the current fiscal year.

AES Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.176 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.70 annualized dividend and a dividend yield of 6.33%. This is an increase from AES’s previous quarterly dividend of $0.17. AES’s payout ratio is currently 47.92%.

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.