182,456 Shares in The AES Corporation $AES Bought by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments acquired 182,456 AES shares in the third quarter, valued at about $2.72 million. Institutional investors collectively own 93.13% of the utility.
• AES shares opened at $14.88, near their 50- and 200-day moving averages; the stock’s 12-month range is $13.28–$17.65. Analysts’ consensus rating is “Hold,” with a $15.80 price target.
• AES declared a quarterly dividend of $0.1759 per share, equal to about $0.70 annualized and a 4.7% yield.

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of The AES Corporation (NYSE:AES - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 182,456 shares of the utilities provider's stock, valued at approximately $2,719,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE bought a new position in shares of AES during the 2nd quarter valued at about $80,584,000. Tidal Investments LLC lifted its position in AES by 188.0% in the 2nd quarter. Tidal Investments LLC now owns 290,604 shares of the utilities provider's stock worth $4,260,000 after buying an additional 189,691 shares during the last quarter. HBK Investments L P bought a new stake in AES in the 2nd quarter worth approximately $162,298,000. BlackRock Inc. purchased a new stake in AES in the second quarter worth approximately $722,429,000. Finally, Corient Private Wealth LP bought a new position in AES during the second quarter valued at approximately $1,413,000. Hedge funds and other institutional investors own 93.13% of the company's stock.

AES Stock Down 0.1%

AES opened at $14.88 on Friday. The company has a market cap of $10.61 billion, a P/E ratio of 5.97 and a beta of 0.95. The business's 50-day moving average price is $14.89 and its 200-day moving average price is $14.79. The company has a current ratio of 0.86, a quick ratio of 0.67 and a debt-to-equity ratio of 2.81. The AES Corporation has a 12 month low of $13.28 and a 12 month high of $17.65.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be given a dividend of $0.1759 per share. This represents a $0.70 annualized dividend and a yield of 4.7%. The ex-dividend date is Friday, October 30th. AES's dividend payout ratio (DPR) is presently 28.11%.

Wall Street Analysts Forecast Growth

AES has been the topic of several research reports. Weiss Ratings raised shares of AES from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 17th. Wall Street Zen raised shares of AES to a "buy" rating in a research note on Saturday. Seven analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.80.

About AES

The AES Corporation is a global power company that develops and operates electricity generation and energy infrastructure. Its portfolio includes renewable energy, natural gas and other power generation, as well as battery energy storage. AES also helps businesses and other customers procure electricity and pursue clean-energy goals.

Founded in 1981 as Applied Energy Services, the company has expanded from its U.S. origins to serve customers across multiple regions, including the Americas, Europe and Asia.

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