The AES Corporation $AES Shares Bought by Algert Global LLC

Key Points

• Algert Global LLC increased its stake in The AES Corporation by 24.5%, acquiring an additional 232,956 shares, bringing its total to 1,183,664 shares.
• The AES Corporation's quarterly earnings exceeded analysts' expectations, reporting $0.51 EPS compared to the consensus estimate of $0.39, despite a revenue decline of 3.0% year-over-year.
• AES's board declared a quarterly dividend of $0.176 per share, which provides a yield of 5.3% and reflects a payout ratio of 49.30%.

Algert Global LLC lifted its position in shares of The AES Corporation (NYSE:AES - Free Report) by 24.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,183,664 shares of the utilities provider's stock after acquiring an additional 232,956 shares during the quarter. AES accounts for approximately 0.4% of Algert Global LLC's portfolio, making the stock its 27th largest holding. Algert Global LLC owned about 0.17% of AES worth $14,701,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Optiver Holding B.V. grew its position in AES by 79.5% during the fourth quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock worth $35,000 after buying an additional 1,201 shares during the period. Garde Capital Inc. acquired a new position in AES during the 1st quarter worth $35,000. Headlands Technologies LLC acquired a new stake in shares of AES in the first quarter worth $40,000. CVA Family Office LLC raised its stake in shares of AES by 200.6% in the 1st quarter. CVA Family Office LLC now owns 3,250 shares of the utilities provider's stock valued at $40,000 after buying an additional 2,169 shares in the last quarter. Finally, McIlrath & Eck LLC lifted its holdings in shares of AES by 760.4% during the 4th quarter. McIlrath & Eck LLC now owns 3,347 shares of the utilities provider's stock worth $43,000 after acquiring an additional 2,958 shares during the period. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Stock Performance

Shares of NYSE:AES traded down $0.2280 during trading on Thursday, hitting $12.9720. The company's stock had a trading volume of 6,296,571 shares, compared to its average volume of 15,535,625. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.82 and a quick ratio of 0.74. The AES Corporation has a 12 month low of $9.46 and a 12 month high of $20.30. The company has a 50-day moving average of $12.32 and a 200-day moving average of $11.44. The firm has a market cap of $9.24 billion, a price-to-earnings ratio of 9.14, a P/E/G ratio of 1.59 and a beta of 0.96.

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

AES Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Friday, August 1st. AES's payout ratio is currently 49.30%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AES. Argus reissued a "hold" rating on shares of AES in a report on Tuesday, May 27th. Jefferies Financial Group cut shares of AES from a "hold" rating to an "underperform" rating and decreased their target price for the company from $10.00 to $9.00 in a research note on Tuesday, May 20th. Citigroup reduced their price objective on shares of AES from $23.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Wells Fargo & Company boosted their target price on AES from $108.00 to $112.00 in a research note on Friday, May 2nd. Finally, HSBC cut their price target on AES from $15.00 to $14.00 in a report on Monday, May 5th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.