Deutsche Bank AG Acquires New Shares in The AES Corporation $AES

Key Points

• Deutsche Bank acquired 2.4 million AES shares in the second quarter, worth approximately $35.2 million and representing about 0.34% of the company. Institutional investors collectively own 93.13% of AES.
• AES reported quarterly earnings of $0.60 per share, exceeding the $0.45 consensus estimate, while revenue of $3.42 billion also surpassed expectations.
• AES trades near $14.77 and recently declared a quarterly dividend of $0.176 per share, equivalent to an annualized yield of approximately 4.8%. Analysts maintain a consensus “Hold” rating with a $15.71 price target.

Deutsche Bank AG acquired a new position in The AES Corporation (NYSE:AES - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,398,205 shares of the utilities provider's stock, valued at approximately $35,158,000. Deutsche Bank AG owned approximately 0.34% of AES at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC increased its stake 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 acquiring an additional 7,133,230 shares during the period. Sound Shore Management Inc. CT increased its position in shares of 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 valued at $98,922,000 after purchasing an additional 1,002,530 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of AES in the second quarter valued at $97,056,000. Kryger Capital LLC bought a new stake in AES in the 1st quarter valued at $31,702,000. Finally, Lazard Asset Management LLC raised its position in AES by 247.6% in the second quarter. Lazard Asset Management LLC now owns 968,333 shares of the utilities provider's stock worth $10,185,000 after purchasing an additional 689,741 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors.

AES Price Performance

Shares of NYSE AES opened at $14.77 on Friday. 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 business has a 50-day moving average of $14.72 and a 200-day moving average of $14.76. The stock has a market capitalization of $10.54 billion, a price-to-earnings 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 released 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. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.11 billion. AES had a net margin of 14.30% and a return on equity of 20.69%. As a group, sell-side analysts predict that The AES Corporation will post 2.27 earnings per share for the current fiscal year.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued 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%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised AES from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday. Eight research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $15.71.

AES 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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