Valeo Financial Advisors LLC Makes New $538,000 Investment in The AES Co. (NYSE:AES)

Valeo Financial Advisors LLC purchased a new position in shares of The AES Co. (NYSE:AES) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 41,790 shares of the utilities provider’s stock, valued at approximately $538,000.

Other large investors have also recently bought and sold shares of the company. Millburn Ridgefield Corp acquired a new position in AES during the 3rd quarter worth approximately $28,000. Cromwell Holdings LLC boosted its holdings 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 buying an additional 640 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of AES in the 3rd quarter valued at approximately $63,000. Blue Trust Inc. boosted its holdings in shares of AES by 69.3% in the 3rd 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 during the last quarter. Finally, Toth Financial Advisory Corp acquired a new stake in shares of AES in the 4th quarter valued at approximately $95,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Stock Down 1.9 %

Shares of NYSE AES opened at $9.95 on Monday. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The AES Co. has a 52 week low of $9.90 and a 52 week high of $22.21. The stock has a market capitalization of $7.07 billion, a P/E ratio of 6.91, a PEG ratio of 0.84 and a beta of 0.99. The stock’s fifty day moving average is $12.02 and its 200 day moving average is $14.95.

AES Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.176 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.08%. This is a boost from AES’s previous quarterly dividend of $0.17. AES’s dividend payout ratio (DPR) is presently 48.61%.

Analyst Ratings Changes

AES has been the subject of several recent analyst reports. Mizuho cut their price objective on AES from $24.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, November 21st. Bank of America assumed coverage on AES in a report on Monday, November 25th. They issued an “underperform” rating and a $11.00 price objective for 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 note on Monday, January 27th. Susquehanna dropped their price target on AES from $24.00 to $21.00 and set a “positive” rating on the stock in a research note on Tuesday, November 5th. Finally, HSBC assumed coverage on AES in a research note on Friday, December 13th. They issued a “buy” rating and a $17.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.