118,594 Shares in The AES Corporation $AES Acquired by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management acquired 118,594 AES shares worth approximately $1.74 million in the second quarter. Institutional investors and hedge funds collectively own 93.13% of AES.
• AES reported quarterly earnings of $0.60 per share, beating estimates of $0.45, while revenue of $3.42 billion also exceeded expectations. Analysts maintain a consensus “Hold” rating with a $15.71 price target.
• AES stock opened at $14.73, and the company’s quarterly dividend implies an annualized payout of $0.70 per share and a 4.8% yield.

Flputnam Investment Management Co. bought a new stake in shares of The AES Corporation (NYSE:AES - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 118,594 shares of the utilities provider's stock, valued at approximately $1,739,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Root Financial Partners LLC increased its position 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 during the period. Los Angeles Capital Management LLC acquired a new position in AES in the fourth quarter valued at $42,000. Burnham & Co LLC acquired a new stake in AES during the 2nd quarter worth about $44,000. EverSource Wealth Advisors LLC raised its position in shares of AES by 61.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,296 shares of the utilities provider's stock worth $75,000 after acquiring an additional 2,006 shares in the last quarter. Finally, Sound Income Strategies LLC bought a new position in shares of AES in the 1st quarter worth about $78,000. Institutional investors and hedge funds own 93.13% of the company's stock.

Analyst Ratings Changes

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

AES Price Performance

AES stock opened at $14.73 on Monday. The company has a market capitalization of $10.51 billion, a PE ratio of 5.62 and a beta of 0.97. The AES Corporation has a 12-month low of $12.33 and a 12-month high of $17.65. The firm's fifty day moving average is $14.73 and its 200 day moving average is $14.72. The company has a quick ratio of 0.67, a current ratio of 0.75 and a debt-to-equity ratio of 2.93.

AES (NYSE:AES - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.15. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.11 billion. AES had a net margin of 14.30% and a return on equity of 20.69%. As a group, sell-side analysts predict that The AES Corporation will post 2.27 EPS for the current fiscal year.

AES Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Friday, July 31st. AES's dividend payout ratio (DPR) is currently 26.72%.

AES Company Profile

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company's portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.

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