Corient Private Wealth LP Acquires New Position in The AES Corporation $AES

Key Points

• Corient Private Wealth acquired 96,435 AES shares worth approximately $1.41 million during the second quarter. Other major investors also initiated positions, with institutional and hedge fund ownership reaching 93.13%.
• Analysts maintain a cautious outlook: eight analysts rate AES “Hold,” with a consensus price target of $15.71. Weiss Ratings modestly upgraded the stock from “hold (c)” to “hold (c+).”
• AES exceeded quarterly expectations, reporting $0.60 in earnings per share versus the $0.45 consensus estimate and $3.42 billion in revenue. The company also paid a quarterly dividend of $0.176, equivalent to an annualized yield of about 4.8%.

Corient Private Wealth LP acquired a new stake in The AES Corporation (NYSE:AES - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 96,435 shares of the utilities provider's stock, valued at approximately $1,413,000.

Other large investors have also modified their holdings of the company. Pentwater Capital Management LP purchased a new stake in shares of AES in the second quarter valued at approximately $7,330,000. Bank of America Corp DE purchased a new position in AES in the second quarter worth $80,584,000. Bluefin Capital Management LLC purchased a new position in AES in the second quarter worth $369,000. Vazirani Asset Management LLC purchased a new stake in shares of AES during the 2nd quarter worth $3,518,400. Finally, Man Group plc purchased a new stake in shares of AES during the 2nd quarter worth $65,159,000. 93.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

AES Stock Performance

NYSE AES opened at $14.80 on Friday. The business has a 50 day moving average price of $14.74 and a 200 day moving average price of $14.68. The company has a market capitalization of $10.56 billion, a P/E ratio of 5.65 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 company has a debt-to-equity ratio of 2.93, a current ratio of 0.75 and a quick ratio of 0.67.

AES (NYSE:AES - Get Free Report) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $0.60 EPS for the quarter, topping 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. Sell-side analysts expect that The AES Corporation will post 2.23 EPS for the current fiscal year.

AES Announces Dividend

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

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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