449,205 Shares in The AES Corporation $AES Bought by Kintayl Capital LP

Key Points

• Kintayl Capital LP acquired 449,205 AES shares worth approximately $6.6 million in the second quarter, representing 2.6% of its portfolio. Institutional investors collectively own 93.13% of AES.
• AES beat quarterly expectations, reporting $0.60 in EPS versus the $0.45 consensus and $3.42 billion in revenue versus the $3.11 billion estimate.
• AES pays a quarterly dividend of $0.176, or $0.70 annualized, producing a 4.8% yield. Analysts maintain a consensus “Hold” rating with a $15.71 target price, compared with the stock’s recent $14.72 price.

Kintayl Capital LP bought a new stake in The AES Corporation (NYSE:AES - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 449,205 shares of the utilities provider's stock, valued at approximately $6,585,000. AES comprises approximately 2.6% of Kintayl Capital LP's investment portfolio, making the stock its 11th biggest position. Kintayl Capital LP owned 0.06% of AES as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of AES in the second quarter valued at approximately $722,429,000. SG Americas Securities LLC boosted its position in AES by 99.8% during 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 during the period. Sound Shore Management Inc. CT grew its holdings in AES by 17.0% during the 4th quarter. Sound Shore Management Inc. CT now owns 6,898,342 shares of the utilities provider's stock worth $98,922,000 after acquiring an additional 1,002,530 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in AES in the 2nd quarter valued at approximately $97,056,000. Finally, Deutsche Bank AG bought a new position in shares of AES during the second quarter valued at $35,158,000. 93.13% of the stock is currently owned by institutional investors.

AES Stock Performance

Shares of AES stock opened at $14.72 on Wednesday. The business has a 50-day moving average price of $14.72 and a two-hundred day moving average price of $14.75. The AES Corporation has a 1-year low of $12.33 and a 1-year high of $17.65. 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 company has a market cap of $10.51 billion, a P/E ratio of 5.62 and a beta of 0.97.

AES (NYSE:AES - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $3.11 billion. As a group, analysts anticipate that The AES Corporation will post 2.27 EPS for the current year.

AES Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a $0.176 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.70 annualized dividend and a yield of 4.8%. AES's payout ratio is 26.72%.

Wall Street Analysts Forecast Growth

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

About AES

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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