Dynamic Technology Lab Private Ltd Purchases New Holdings in The AES Corporation $AES

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in The AES Corporation valued at approximately $1.29 million, purchasing 104,144 shares during the first quarter of the year.
• Institutional investors currently hold 93.13% of AES's stock, with several firms significantly increasing their stakes in the company.
• AES's stock has had a 12-month range between $9.46 and $20.30, and the company recently reported better-than-expected earnings per share of $0.51 for the last quarter.

Dynamic Technology Lab Private Ltd purchased a new stake in The AES Corporation (NYSE:AES - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 104,144 shares of the utilities provider's stock, valued at approximately $1,293,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Baird Financial Group Inc. increased its position in shares of AES by 53.2% in the fourth quarter. Baird Financial Group Inc. now owns 238,362 shares of the utilities provider's stock valued at $3,068,000 after acquiring an additional 82,802 shares during the last quarter. Cetera Investment Advisers increased its position in shares of AES by 51.4% in the fourth quarter. Cetera Investment Advisers now owns 147,609 shares of the utilities provider's stock valued at $1,900,000 after acquiring an additional 50,125 shares during the last quarter. Deutsche Bank AG increased its position in shares of AES by 130.4% in the fourth quarter. Deutsche Bank AG now owns 3,950,924 shares of the utilities provider's stock valued at $50,848,000 after acquiring an additional 2,236,418 shares during the last quarter. Ensign Peak Advisors Inc increased its position in shares of AES by 32.7% in the fourth quarter. Ensign Peak Advisors Inc now owns 1,739,558 shares of the utilities provider's stock valued at $22,388,000 after acquiring an additional 428,711 shares during the last quarter. Finally, Graham Capital Management L.P. increased its position in shares of AES by 56.8% in the fourth quarter. Graham Capital Management L.P. now owns 133,419 shares of the utilities provider's stock valued at $1,717,000 after acquiring an additional 48,322 shares during the last quarter. Institutional investors and hedge funds own 93.13% of the company's stock.

AES Stock Performance

Shares of AES stock traded up $0.03 on Friday, hitting $12.88. The stock had a trading volume of 12,349,586 shares, compared to its average volume of 8,267,119. The AES Corporation has a twelve month low of $9.46 and a twelve month high of $20.30. The business's 50 day moving average is $13.10 and its two-hundred day moving average is $11.76. The company has a quick ratio of 0.74, a current ratio of 0.82 and a debt-to-equity ratio of 3.46. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 1.54 and a beta of 0.92.

AES (NYSE:AES - Get Free Report) last posted its earnings results on Thursday, July 31st. The utilities provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.39 by $0.12. AES had a return on equity of 19.02% and a net margin of 8.42%.The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The firm's revenue for the quarter was down 3.0% on a year-over-year basis. Analysts forecast that The AES Corporation will post 1.93 EPS for the current year.

AES Announces Dividend

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

Wall Street Analyst Weigh In

AES has been the topic of a number of recent research reports. Barclays lifted their target price on AES from $12.00 to $14.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Wall Street Zen upgraded AES from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Jefferies Financial Group cut AES from a "hold" rating to an "underperform" rating and reduced their price target for the stock from $10.00 to $9.00 in a report on Tuesday, May 20th. Argus reiterated a "hold" rating on shares of AES in a report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. lifted their price target on AES from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, AES presently has an average rating of "Moderate Buy" and an average target price of $24.67.

About AES

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.