DLD Asset Management LP Makes New Investment in The AES Corporation $AES

Key Points

• DLD Asset Management acquired 153,693 shares of AES during the second quarter, valued at approximately $2.25 million. Several other institutional investors also initiated positions, with institutional ownership reaching 93.13%.
• AES reported quarterly earnings of $0.60 per share, exceeding analysts’ $0.45 estimate, while revenue of $3.42 billion also surpassed expectations.
• The stock carries a consensus “Hold” rating and a $15.71 target price. AES recently paid a $0.176 quarterly dividend, equivalent to an annualized $0.70 payout and a 4.8% yield.

DLD Asset Management LP bought a new stake in shares of The AES Corporation (NYSE:AES - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 153,693 shares of the utilities provider's stock, valued at approximately $2,253,000.

A number of other large investors have also recently made changes to their positions in AES. Clear Harbor Asset Management LLC bought a new position in AES during the second quarter valued at approximately $201,000. Bank of Nova Scotia bought a new stake in AES in the 2nd quarter worth approximately $25,665,000. Kendall Capital Management purchased a new stake in AES during the 2nd quarter valued at $216,000. Greenland Capital Management LP bought a new position in shares of AES during the 2nd quarter valued at $2,246,000. Finally, Commerce Bank purchased a new position in shares of AES in the 2nd quarter worth $313,000. 93.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

AES Price Performance

NYSE AES opened at $14.77 on Monday. The business's fifty day moving average is $14.72 and its 200 day moving average is $14.76. The AES Corporation has a fifty-two week low of $12.33 and a fifty-two week high of $17.65. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.67 and a current ratio of 0.75. The company has a market capitalization of $10.54 billion, a PE ratio of 5.64 and a beta of 0.97.

AES (NYSE:AES - Get Free Report) last issued its quarterly 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 business had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.11 billion. Sell-side analysts predict that The AES Corporation will post 2.27 earnings per share for the current year.

AES Announces Dividend

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

AES Company 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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