Energy Income Partners LLC Invests $27.08 Million in The AES Corporation $AES

Energy Income Partners LLC bought a new stake in The AES Corporation (NYSE:AES - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,847,213 shares of the utilities provider's stock, valued at approximately $27,080,000. Energy Income Partners LLC owned approximately 0.26% of AES at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in AES in the 2nd quarter valued at approximately $722,429,000. SG Americas Securities LLC lifted its stake in shares of AES by 99.8% in the 1st quarter. SG Americas Securities LLC now owns 14,280,668 shares of the utilities provider's stock valued at $201,215,000 after purchasing an additional 7,133,230 shares during the period. Sound Shore Management Inc. CT lifted its stake in AES by 17.0% in 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 buying an additional 1,002,530 shares during the period. Bank of New York Mellon Corp bought a new position in AES during the second quarter worth $97,056,000. Finally, Deutsche Bank AG bought a new position in shares of AES during the 2nd quarter worth about $35,158,000. 93.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

AES Stock Down 0.1%

AES stock opened at $14.74 on Wednesday. The stock has a fifty day moving average of $14.71 and a 200-day moving average of $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 $10.52 billion, a price-to-earnings ratio of 5.63 and a beta of 0.97.

AES (NYSE:AES - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.15. The company had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.11 billion. AES had a net margin of 14.30% and a return on equity of 20.69%. As a group, equities research analysts predict that The AES Corporation will post 2.27 earnings per share for the current year.

AES Announces Dividend

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

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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