Baker Tilly Wealth Management LLC Sells 2,007 Shares of The AES Co. (NYSE:AES)

Baker Tilly Wealth Management LLC decreased its position in The AES Co. (NYSE:AES – Free Report) by 10.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,902 shares of the utilities provider’s stock after selling 2,007 shares during the period. Baker Tilly Wealth Management LLC’s holdings in AES were worth $359,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Rise Advisors LLC boosted its holdings in shares of AES by 92.4% in the second quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock valued at $26,000 after buying an additional 720 shares during the period. Rothschild Investment LLC acquired a new position in AES in the 2nd quarter worth $28,000. Cromwell Holdings LLC raised its stake in shares of AES by 59.1% in the 3rd quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 640 shares during the period. UMB Bank n.a. lifted its holdings in shares of AES by 102.3% in the second quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 898 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of AES during the second quarter worth about $33,000. Institutional investors own 93.13% of the company’s stock.

AES Price Performance

NYSE:AES opened at $17.05 on Tuesday. The AES Co. has a 12-month low of $14.67 and a 12-month high of $22.21. The firm has a market capitalization of $12.12 billion, a price-to-earnings ratio of 23.68 and a beta of 1.07. The stock’s 50 day moving average price is $17.98 and its two-hundred day moving average price is $18.31. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 3.63.

AES (NYSE:AES – Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.22 billion. AES had a net margin of 6.07% and a return on equity of 32.74%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 earnings per share. On average, analysts anticipate that The AES Co. will post 1.9 earnings per share for the current year.

AES Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.1725 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.05%. AES’s dividend payout ratio (DPR) is currently 95.83%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Evercore ISI raised shares of AES to a “strong-buy” rating in a research note on Wednesday, September 18th. Barclays increased their price objective on shares of AES from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Jefferies Financial Group assumed coverage on AES in a report on Wednesday, September 11th. They set a “buy” rating and a $20.00 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $22.57.

Read Our Latest Report on AES

AES Profile

(Free Report)

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.

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