NINE MASTS CAPITAL Ltd purchased a new stake in shares of The AES Corporation (NYSE:AES - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 83,825 shares of the utilities provider's stock, valued at approximately $1,229,000.
A number of other hedge funds also recently modified their holdings of AES. Root Financial Partners LLC grew its holdings in shares of AES by 259.9% during the 1st quarter. Root Financial Partners LLC now owns 2,822 shares of the utilities provider's stock worth $40,000 after purchasing an additional 2,038 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of AES in the fourth quarter valued at $42,000. EverSource Wealth Advisors LLC lifted its position in AES by 61.0% in the first quarter. EverSource Wealth Advisors LLC now owns 5,296 shares of the utilities provider's stock worth $75,000 after purchasing an additional 2,006 shares during the period. Sound Income Strategies LLC acquired a new stake in AES during the first quarter worth $78,000. Finally, Clearstead Trust LLC acquired a new stake in AES during the second quarter worth $91,000. Institutional investors own 93.13% of the company's stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a "hold (c)" rating on shares of AES in a research note on Monday, June 1st. Eight research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $15.71.
Check Out Our Latest Stock Analysis on AES
AES Trading Up 0.1%
Shares of AES opened at $14.75 on Tuesday. 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 stock has a market cap of $10.52 billion, a PE ratio of 5.63 and a beta of 0.97. The AES Corporation has a 1 year low of $12.33 and a 1 year high of $17.65. The stock has a 50 day simple moving average of $14.71 and a 200-day simple moving average of $14.77.
AES (NYSE:AES - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.60 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 for the quarter, compared to analyst estimates of $3.11 billion. On average, sell-side analysts predict that The AES Corporation will post 2.27 EPS for the current fiscal year.
AES Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued a $0.176 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.70 annualized dividend and a dividend yield of 4.8%. AES's dividend payout ratio is presently 26.72%.
AES Company Profile
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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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