Vise Technologies Inc. acquired a new stake in The AES Corporation (NYSE:AES - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 86,059 shares of the utilities provider's stock, valued at approximately $1,262,000.
A number of other large investors also recently bought and sold shares of AES. BlackRock Inc. purchased a new stake in shares of AES in the second quarter valued at about $722,429,000. SG Americas Securities LLC raised its holdings 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 worth $201,215,000 after purchasing an additional 7,133,230 shares in the last quarter. Sound Shore Management Inc. CT raised its holdings in AES by 17.0% during the fourth quarter. Sound Shore Management Inc. CT now owns 6,898,342 shares of the utilities provider's stock worth $98,922,000 after purchasing an additional 1,002,530 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in AES in the second quarter valued at about $97,056,000. Finally, Deutsche Bank AG purchased a new stake in AES in the 2nd quarter valued at approximately $35,158,000. Hedge funds and other institutional investors own 93.13% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised 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, According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $15.71.
Check Out Our Latest Report on AES
AES Stock Performance
NYSE:AES opened at $14.77 on Friday. The firm's fifty day simple moving average is $14.72 and its 200-day simple moving average is $14.76. The company has a quick ratio of 0.67, a current ratio of 0.75 and a debt-to-equity ratio of 2.93. The stock has a market cap of $10.54 billion, a PE ratio of 5.64 and a beta of 0.97. The AES Corporation has a fifty-two week low of $12.33 and a fifty-two week high of $17.65.
AES (NYSE:AES - Get Free Report) last announced its quarterly earnings data 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 net margin of 14.30% and a return on equity of 20.69%. The firm had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.11 billion. Analysts expect that The AES Corporation will post 2.27 earnings per share for the current fiscal year.
AES Dividend Announcement
The company 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 of this dividend was Friday, July 31st. This represents a $0.70 annualized dividend and a dividend yield of 4.8%. AES's payout ratio 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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