Atria Wealth Solutions Inc. Takes Position in The AES Co. (NYSE:AES)

Atria Wealth Solutions Inc. purchased a new position in The AES Co. (NYSE:AES) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 116,676 shares of the utilities provider’s stock, valued at approximately $1,502,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AES. Millburn Ridgefield Corp purchased a new position in shares of AES during the third quarter worth approximately $28,000. Brooklyn Investment Group purchased a new position in AES during the 3rd quarter worth $63,000. Blue Trust Inc. raised its position in AES by 69.3% during the 3rd quarter. Blue Trust Inc. now owns 3,688 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 1,509 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of AES in the 3rd quarter worth $139,000. Finally, Frazier Financial Advisors LLC grew its position in shares of AES by 160.3% during the 3rd quarter. Frazier Financial Advisors LLC now owns 6,983 shares of the utilities provider’s stock worth $140,000 after buying an additional 4,300 shares in the last quarter. Institutional investors own 93.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays decreased their price objective on AES from $17.00 to $12.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Susquehanna reduced their price target on shares of AES from $24.00 to $21.00 and set a “positive” rating for the company in a report on Tuesday, November 5th. Bank of America began coverage on shares of AES in a research note on Monday, November 25th. They set an “underperform” rating and a $11.00 price objective on the stock. HSBC started coverage on shares of AES in a research note on Friday, December 13th. They issued a “buy” rating and a $17.00 price objective for the company. Finally, Mizuho cut their price target on AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.80.

AES Trading Down 1.1 %

AES stock opened at $10.56 on Monday. The AES Co. has a one year low of $9.88 and a one year high of $22.21. The stock has a market cap of $7.50 billion, a PE ratio of 7.33, a price-to-earnings-growth ratio of 0.83 and a beta of 0.99. 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 stock has a 50-day moving average of $11.70 and a two-hundred day moving average of $14.72.

AES Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a yield of 6.67%. AES’s dividend payout ratio is presently 48.61%.

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.