Hollow Brook Wealth Management LLC Increases Holdings in The AES Co. (NYSE:AES)

Hollow Brook Wealth Management LLC increased its holdings in shares of The AES Co. (NYSE:AES) by 49.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 214,680 shares of the utilities provider’s stock after purchasing an additional 70,717 shares during the period. AES accounts for about 1.6% of Hollow Brook Wealth Management LLC’s holdings, making the stock its 19th biggest holding. Hollow Brook Wealth Management LLC’s holdings in AES were worth $4,133,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Private Trust Co. NA boosted its position in AES by 68.8% in the 4th quarter. Private Trust Co. NA now owns 2,669 shares of the utilities provider’s stock valued at $51,000 after buying an additional 1,088 shares during the last quarter. Allworth Financial LP raised its stake in shares of AES by 133.7% in the 4th quarter. Allworth Financial LP now owns 3,110 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 1,779 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of AES by 57.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,550 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 1,300 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of AES by 267.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,587 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 2,611 shares in the last quarter. Finally, CX Institutional acquired a new stake in shares of AES in the 4th quarter valued at about $70,000. 93.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AES has been the topic of a number of recent analyst reports. Morgan Stanley restated an “overweight” rating and issued a $25.00 target price on shares of AES in a research note on Monday, March 25th. Argus reiterated a “buy” rating and set a $25.00 price objective on shares of AES in a research note on Tuesday, March 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 price objective on shares of AES in a research note on Tuesday, April 9th. UBS Group dropped their price objective on shares of AES from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 3rd. Finally, Barclays dropped their price objective on shares of AES from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.13.

AES Stock Performance

Shares of NYSE:AES traded up $0.21 during trading hours on Tuesday, hitting $17.90. The stock had a trading volume of 7,920,000 shares, compared to its average volume of 8,239,043. The stock’s fifty day simple moving average is $16.55 and its 200 day simple moving average is $16.88. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.61 and a current ratio of 0.68. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 54.24 and a beta of 1.08. The AES Co. has a 1-year low of $11.43 and a 1-year high of $23.75.

AES (NYSE:AES) last posted its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.06. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.36 billion. AES had a net margin of 2.12% and a return on equity of 38.76%. The business’s revenue was down 3.0% on a year-over-year basis. During the same period last year, the firm posted $0.49 earnings per share. Sell-side analysts anticipate that The AES Co. will post 1.91 earnings per share for the current fiscal year.

AES Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Tuesday, April 30th. AES’s payout ratio is 209.10%.

AES Profile

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.