MBB Public Markets I LLC Takes Position in The AES Corporation $AES

Key Points

• MBB Public Markets I LLC has acquired 25,447 shares of The AES Corporation, valued at approximately $316,000, as part of its new investment position.
• Analyst ratings reflect a split opinion on AES; while some upgrades have raised the price target to $16.00, others have issued a reduction, resulting in a consensus rating of "Moderate Buy" with an average target price of $24.67.
• AES recently disclosed a quarterly dividend of $0.176, leading to an annualized dividend yield of 5.5%, with a payout ratio of 49.30%.

MBB Public Markets I LLC purchased a new position in shares of The AES Corporation (NYSE:AES - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 25,447 shares of the utilities provider's stock, valued at approximately $316,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AES. Hexagon Capital Partners LLC lifted its stake in shares of AES by 33.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,880 shares of the utilities provider's stock worth $48,000 after acquiring an additional 974 shares during the period. Diversify Advisory Services LLC lifted its stake in AES by 5.1% during the first quarter. Diversify Advisory Services LLC now owns 20,904 shares of the utilities provider's stock valued at $260,000 after purchasing an additional 1,006 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in AES by 4.0% during the first quarter. Kestra Private Wealth Services LLC now owns 26,290 shares of the utilities provider's stock valued at $327,000 after purchasing an additional 1,011 shares during the last quarter. Yousif Capital Management LLC lifted its stake in AES by 1.1% during the first quarter. Yousif Capital Management LLC now owns 94,686 shares of the utilities provider's stock valued at $1,176,000 after purchasing an additional 1,012 shares during the last quarter. Finally, Moloney Securities Asset Management LLC lifted its stake in AES by 5.0% during the first quarter. Moloney Securities Asset Management LLC now owns 24,752 shares of the utilities provider's stock valued at $307,000 after purchasing an additional 1,173 shares during the last quarter. Hedge funds and other institutional investors own 93.13% of the company's stock.

AES Stock Up 0.2%

AES stock traded up $0.03 during trading hours on Friday, hitting $12.88. The company had a trading volume of 12,349,586 shares, compared to its average volume of 8,267,119. The firm's fifty day moving average is $13.10 and its 200-day moving average is $11.76. The AES Corporation has a fifty-two week low of $9.46 and a fifty-two week high of $20.30. The firm has a market capitalization of $9.17 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 1.54 and a beta of 0.92. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.82 and a quick ratio of 0.74.

AES (NYSE:AES - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.12. AES had a net margin of 8.42% and a return on equity of 19.02%. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the prior year, the firm earned $0.38 EPS. AES's quarterly revenue was down 3.0% compared to the same quarter last year. On average, research analysts forecast that The AES Corporation will post 1.93 earnings per share for the current year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a $0.176 dividend. This represents a $0.70 annualized dividend and a yield of 5.5%. The ex-dividend date was Friday, August 1st. AES's dividend payout ratio (DPR) is presently 49.30%.

Wall Street Analysts Forecast Growth

AES has been the subject of several recent research reports. Jefferies Financial Group lowered shares of AES from a "hold" rating to an "underperform" rating and cut their target price for the company from $10.00 to $9.00 in a research note on Tuesday, May 20th. Barclays increased their target price on shares of AES from $12.00 to $14.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. Wall Street Zen raised shares of AES from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. increased their target price on shares of AES from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. Finally, Susquehanna upped their price target on shares of AES from $15.00 to $16.00 and gave the company a "positive" rating in a research report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.67.

AES Profile

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; 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.