MorganRosel Wealth Management LLC reduced its position in shares of AES Corp (NYSE:AES) by 2.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,946 shares of the utilities provider’s stock after selling 951 shares during the quarter. MorganRosel Wealth Management LLC’s holdings in AES were worth $787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of AES. Cullen Frost Bankers Inc. bought a new stake in AES during the 1st quarter valued at $30,000. Reilly Financial Advisors LLC bought a new position in AES in the 1st quarter worth $36,000. Wealthcare Advisory Partners LLC bought a new position in AES in the 2nd quarter worth $36,000. Lee Financial Co bought a new position in AES in the 1st quarter worth $54,000. Finally, Focused Wealth Management Inc bought a new position in AES in the 2nd quarter worth $75,000. Institutional investors own 94.82% of the company’s stock.

Shares of AES stock traded down $0.28 during trading on Friday, hitting $14.92. The company’s stock had a trading volume of 1,581,793 shares, compared to its average volume of 5,503,931. The company has a debt-to-equity ratio of 3.41, a quick ratio of 1.24 and a current ratio of 1.36. The company has a fifty day simple moving average of $16.46 and a two-hundred day simple moving average of $17.01. The company has a market capitalization of $10.08 billion, a PE ratio of 12.03, a P/E/G ratio of 1.34 and a beta of 1.03. AES Corp has a 52 week low of $13.00 and a 52 week high of $18.52.

AES (NYSE:AES) last announced its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). AES had a net margin of 3.78% and a return on equity of 18.94%. The firm had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same period last year, the company posted $0.25 earnings per share. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, analysts predict that AES Corp will post 1.34 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.137 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date was Wednesday, July 31st. This is an increase from AES’s previous quarterly dividend of $0.14. AES’s dividend payout ratio (DPR) is presently 44.35%.

Several research analysts have commented on AES shares. TheStreet lowered shares of AES from a “b” rating to a “c+” rating in a report on Tuesday, August 6th. Bank of America upgraded shares of AES from an “underperform” rating to a “neutral” rating and set a $16.57 price objective for the company in a report on Thursday, June 20th. Evercore ISI set a $19.00 price objective on shares of AES and gave the stock a “buy” rating in a report on Wednesday, August 7th. ValuEngine lowered shares of AES from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research upgraded shares of AES from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Tuesday, June 4th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $16.77.

In related news, Director Jeffrey W. Ubben purchased 200,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of $15.25 per share, with a total value of $3,050,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.06% of the company’s stock.

AES Profile

The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also 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.

Further Reading: Average Daily Trade Volume – ADTV

Institutional Ownership by Quarter for AES (NYSE:AES)

Receive News & Ratings for AES Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AES and related companies with MarketBeat.com's FREE daily email newsletter.