Avidian Wealth Enterprises LLC Has $195,000 Holdings in The AES Co. (NYSE:AES)

Avidian Wealth Enterprises LLC boosted its position in shares of The AES Co. (NYSE:AES) by 24.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,171 shares of the utilities provider’s stock after acquiring an additional 3,027 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in AES were worth $195,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC grew its holdings in AES by 946.7% during the third quarter. Exchange Traded Concepts LLC now owns 19,605 shares of the utilities provider’s stock worth $393,000 after purchasing an additional 17,732 shares during the period. Creative Planning boosted its stake in shares of AES by 7.4% during the 3rd quarter. Creative Planning now owns 113,165 shares of the utilities provider’s stock worth $2,270,000 after acquiring an additional 7,782 shares during the period. NBC Securities Inc. increased its holdings in shares of AES by 10.9% during the 3rd quarter. NBC Securities Inc. now owns 12,136 shares of the utilities provider’s stock worth $243,000 after acquiring an additional 1,188 shares during the last quarter. SeaCrest Wealth Management LLC lifted its holdings in AES by 3.2% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 26,301 shares of the utilities provider’s stock valued at $528,000 after purchasing an additional 826 shares during the last quarter. Finally, Secure Asset Management LLC bought a new position in AES during the third quarter worth $1,724,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Stock Down 1.9 %

AES stock opened at $9.95 on Friday. The company has a market cap of $7.07 billion, a PE ratio of 6.91, a price-to-earnings-growth ratio of 0.84 and a beta of 0.99. 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 AES Co. has a 52 week low of $9.90 and a 52 week high of $22.21. The business has a 50-day simple moving average of $12.02 and a 200 day simple moving average of $14.99.

AES Increases Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Mizuho cut their target price on shares of AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. HSBC assumed coverage on AES in a report on Friday, December 13th. They set a “buy” rating and a $17.00 price objective for the company. Susquehanna lowered their target price on AES from $24.00 to $21.00 and set a “positive” rating on the stock in a research note on Tuesday, November 5th. Bank of America began coverage on AES in a report on Monday, November 25th. They issued an “underperform” rating and a $11.00 price objective on the stock. Finally, Hsbc Global Res raised shares of AES to a “strong-buy” rating in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, two have issued 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 currently has an average rating of “Moderate Buy” and a consensus target price 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.