The AES Corporation $AES Shares Purchased by DRW Securities LLC

Key Points

• DRW Securities LLC increased its position in The AES Corporation by 45.8% during Q1, resulting in holdings worth approximately $2.04 million.
• AES reported earnings of $0.51 EPS for the latest quarter, surpassing the consensus estimate of $0.39, while experiencing a 3% decline in year-over-year revenue.
• The company announced a quarterly dividend of $0.176 per share, reflecting an annualized dividend yield of 5.2%.

DRW Securities LLC boosted its stake in The AES Corporation (NYSE:AES - Free Report) by 45.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 164,460 shares of the utilities provider's stock after purchasing an additional 51,626 shares during the period. DRW Securities LLC's holdings in AES were worth $2,043,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. purchased a new stake in AES during the 4th quarter worth about $121,627,000. Ameriprise Financial Inc. boosted its holdings in shares of AES by 35.7% in the 4th quarter. Ameriprise Financial Inc. now owns 28,571,119 shares of the utilities provider's stock valued at $367,499,000 after buying an additional 7,519,129 shares in the last quarter. Orbis Allan Gray Ltd boosted its holdings in shares of AES by 21.8% in the 1st quarter. Orbis Allan Gray Ltd now owns 27,518,952 shares of the utilities provider's stock valued at $341,785,000 after buying an additional 4,930,252 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of AES by 30.4% in the 1st quarter. Invesco Ltd. now owns 20,790,956 shares of the utilities provider's stock valued at $258,224,000 after buying an additional 4,842,149 shares in the last quarter. Finally, Empyrean Capital Partners LP purchased a new stake in AES in the 4th quarter valued at $48,327,000. Institutional investors and hedge funds own 93.13% of the company's stock.

Analyst Upgrades and Downgrades

AES has been the subject of a number of recent research reports. Barclays increased their price target on shares of AES from $12.00 to $14.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Susquehanna boosted their price objective on shares of AES from $15.00 to $16.00 and gave the company a "positive" rating in a research note on Monday, July 21st. Jefferies Financial Group cut shares of AES from a "hold" rating to an "underperform" rating and dropped their price objective for the company from $10.00 to $9.00 in a research note on Tuesday, May 20th. Wall Street Zen raised shares of AES from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of AES from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. Two equities research 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 assigned a Sell rating to the stock. According to MarketBeat, AES has an average rating of "Moderate Buy" and a consensus price target of $24.67.

AES Price Performance

Shares of NYSE AES traded down $0.43 during trading on Thursday, hitting $12.81. 12,695,241 shares of the company were exchanged, compared to its average volume of 15,110,023. The AES Corporation has a 1 year low of $9.46 and a 1 year high of $20.30. The company has a market cap of $9.12 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 1.62 and a beta of 0.92. The firm's fifty day moving average price is $12.85 and its 200 day moving average price is $11.64. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.82 and a quick ratio of 0.74.

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

AES Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Friday, August 1st. AES's dividend payout ratio is 49.30%.

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.