6,620,438 Shares in The AES Corporation $AES Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp acquired a new stake in shares of The AES Corporation (NYSE:AES - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,620,438 shares of the utilities provider's stock, valued at approximately $97,056,000. Bank of New York Mellon Corp owned approximately 0.93% of AES at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC raised its position in AES by 99.8% during the first quarter. SG Americas Securities LLC now owns 14,280,668 shares of the utilities provider's stock valued at $201,215,000 after buying an additional 7,133,230 shares during the period. Sound Shore Management Inc. CT grew its stake 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 valued at $98,922,000 after acquiring an additional 1,002,530 shares in the last quarter. Kryger Capital LLC purchased a new position in AES during the 1st quarter valued at about $31,702,000. Lazard Asset Management LLC increased its holdings in shares of AES by 247.6% in the 2nd quarter. Lazard Asset Management LLC now owns 968,333 shares of the utilities provider's stock valued at $10,185,000 after purchasing an additional 689,741 shares during the period. Finally, Horizon Investments LLC lifted its position in shares of AES by 4,710.9% in the fourth quarter. Horizon Investments LLC now owns 542,528 shares of the utilities provider's stock worth $7,780,000 after purchasing an additional 531,251 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of 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, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $15.71.

AES Stock Performance

Shares of NYSE AES opened at $14.76 on Tuesday. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.75 and a quick ratio of 0.67. The AES Corporation has a one year low of $12.33 and a one year high of $17.65. The business's 50-day moving average price is $14.72 and its two-hundred day moving average price is $14.75. The company has a market capitalization of $10.53 billion, a P/E ratio of 5.63 and a beta of 0.97.

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

AES Dividend Announcement

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