11,070,839 Shares in The AES Corporation $AES Bought by HBK Investments L P

Key Points

• HBK Investments acquired 11.07 million AES shares worth approximately $162.3 million in the second quarter, making AES about 1.6% of its portfolio and representing roughly 1.55% of AES outstanding shares.
• Institutional investors and hedge funds own 93.13% of AES, while analysts maintain a consensus “Hold” rating with an average price target of $15.71.
• AES recently reported quarterly earnings of $0.60 per share, exceeding estimates of $0.45, and declared a $0.176 quarterly dividend, equivalent to a 4.7% annualized yield.

HBK Investments L P acquired a new stake in The AES Corporation (NYSE:AES - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,070,839 shares of the utilities provider's stock, valued at approximately $162,298,000. AES comprises approximately 1.6% of HBK Investments L P's investment portfolio, making the stock its 16th biggest position. HBK Investments L P owned about 1.55% of AES as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AES. New Mexico Educational Retirement Board raised its holdings in shares of AES by 2.5% during the fourth quarter. New Mexico Educational Retirement Board now owns 32,922 shares of the utilities provider's stock worth $472,000 after acquiring an additional 800 shares during the period. Arizona State Retirement System raised its stake in shares of AES by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 196,758 shares of the utilities provider's stock valued at $2,884,000 after purchasing an additional 1,033 shares during the period. Mufg Securities Americas Inc. lifted its holdings in shares of AES by 9.0% in the second quarter. Mufg Securities Americas Inc. now owns 21,479 shares of the utilities provider's stock valued at $315,000 after purchasing an additional 1,774 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of AES by 61.0% during the first quarter. EverSource Wealth Advisors LLC now owns 5,296 shares of the utilities provider's stock worth $75,000 after buying an additional 2,006 shares during the period. Finally, Root Financial Partners LLC grew its holdings in shares of AES by 259.9% during the first quarter. Root Financial Partners LLC now owns 2,822 shares of the utilities provider's stock worth $40,000 after buying an additional 2,038 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised AES from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 17th. Eight research analysts have rated the stock with a Hold rating, According to MarketBeat, AES has an average rating of "Hold" and a consensus price target of $15.71.

AES Stock Performance

NYSE AES traded up $0.03 during trading on Wednesday, reaching $14.82. 8,108,847 shares of the company's stock were exchanged, compared to its average volume of 10,318,117. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.75 and a quick ratio of 0.67. The business has a 50 day moving average price of $14.77 and a 200-day moving average price of $14.59. The stock has a market capitalization of $10.58 billion, a P/E ratio of 5.66 and a beta of 0.97. The AES Corporation has a fifty-two week low of $12.33 and a fifty-two week high of $17.65.

AES (NYSE:AES - Get Free Report) last issued its earnings results on Tuesday, August 4th. The utilities provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.45 by $0.15. AES had a return on equity of 20.69% and a net margin of 14.30%.The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.11 billion. Sell-side analysts forecast that The AES Corporation will post 2.23 earnings per share for the current fiscal year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a $0.176 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Friday, July 31st. AES's payout ratio is currently 26.72%.

About AES

The AES Corporation NYSE: AES is a global energy company that develops, owns and operates electricity generation and distribution businesses. Its portfolio includes renewable energy projects, natural gas and other power-generation facilities, battery energy storage systems, and utility operations. AES serves utilities, commercial and industrial customers, and other energy users through long-term power supply arrangements and related services.

The company has increasingly focused on renewable energy and energy infrastructure, including solar, wind and storage projects designed to support the transition to lower-carbon electricity systems.

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