Quantbot Technologies LP purchased a new position in The AES Corporation (NYSE:AES - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 199,527 shares of the utilities provider's stock, valued at approximately $2,925,000.
A number of other institutional investors have also made changes to their positions in AES. BlackRock Inc. acquired a new stake in AES during the 2nd quarter valued at $722,429,000. SG Americas Securities LLC lifted its holdings in AES by 99.8% in the 1st quarter. SG Americas Securities LLC now owns 14,280,668 shares of the utilities provider's stock worth $201,215,000 after buying an additional 7,133,230 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in AES in the 2nd quarter valued at about $97,056,000. Deutsche Bank AG purchased a new position in AES in the 2nd quarter valued at about $35,158,000. Finally, Kryger Capital LLC acquired a new stake in shares of AES during the first quarter valued at about $31,702,000. 93.13% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded AES from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 17th. Eight analysts have rated the stock with a Hold rating, Based on data from MarketBeat, AES presently has an average rating of "Hold" and an average price target of $15.71.
Read Our Latest Research Report on AES
AES Price Performance
Shares of NYSE:AES opened at $14.77 on Monday. The firm has a market cap of $10.54 billion, a PE ratio of 5.64 and a beta of 0.97. The company has a fifty day simple moving average of $14.72 and a 200 day simple moving average of $14.76. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 2.93. The AES Corporation has a 12-month low of $12.33 and a 12-month high of $17.65.
AES (NYSE:AES - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.15. The firm had revenue of $3.42 billion for 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%. On average, equities research analysts anticipate that The AES Corporation will post 2.27 EPS for the current fiscal year.
AES Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Friday, July 31st. AES's dividend payout ratio (DPR) is 26.72%.
AES Profile
(
Free Report)
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.
Further Reading
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