Bruni J V & Co. Co. Has $21.50 Million Holdings in The AES Co. (NYSE:AES)

Bruni J V & Co. Co. increased its position in shares of The AES Co. (NYSE:AES) by 0.6% during the fourth quarter, Holdings Channel reports. The fund owned 1,670,259 shares of the utilities provider’s stock after acquiring an additional 9,311 shares during the quarter. AES makes up 2.4% of Bruni J V & Co. Co.’s holdings, making the stock its 19th largest holding. Bruni J V & Co. Co.’s holdings in AES were worth $21,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Millburn Ridgefield Corp acquired a new stake in shares of AES during the third quarter valued at approximately $28,000. Brooklyn Investment Group acquired a new stake in shares of AES during the third quarter valued at approximately $63,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of AES during the third quarter valued at approximately $139,000. Frazier Financial Advisors LLC increased its stake in AES by 160.3% in the 3rd quarter. Frazier Financial Advisors LLC now owns 6,983 shares of the utilities provider’s stock valued at $140,000 after buying an additional 4,300 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in AES in the 4th quarter valued at approximately $95,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Price Performance

NYSE AES opened at $11.59 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The company has a fifty day simple moving average of $11.54 and a 200 day simple moving average of $14.59. The company has a market cap of $8.24 billion, a P/E ratio of 8.05, a P/E/G ratio of 0.82 and a beta of 0.99. The AES Co. has a 1 year low of $9.88 and a 1 year high of $22.21.

AES (NYSE:AES) last posted its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.20. The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.07 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. During the same period in the prior year, the firm earned $0.73 EPS. On average, sell-side analysts predict that The AES Co. will post 1.93 EPS for the current year.

AES Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a dividend yield of 6.08%. The ex-dividend date is Thursday, May 1st. AES’s dividend payout ratio is currently 48.61%.

Analyst Upgrades and Downgrades

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