Flputnam Investment Management Co. Makes New Investment in The AES Corporation $AES

Key Points

• Flputnam Investment Management acquired 118,594 AES shares in the second quarter, valued at approximately $1.74 million. Institutional investors collectively own 93.13% of the company.
• AES reported quarterly earnings of $0.60 per share, surpassing the $0.45 consensus estimate, while revenue reached $3.42 billion versus expectations of $3.11 billion.
• The stock was trading at $14.75, and AES declared a quarterly dividend of $0.176, equivalent to an annualized $0.70 dividend and a 4.8% yield. Analysts maintain an overall “Hold” rating with an average price target of $15.71.

Flputnam Investment Management Co. acquired a new stake in The AES Corporation (NYSE:AES - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 118,594 shares of the utilities provider's stock, valued at approximately $1,739,000.

Several other hedge funds have also made changes to their positions in the stock. Horizon Investments LLC grew its holdings in shares of AES by 4,710.9% during the fourth quarter. Horizon Investments LLC now owns 542,528 shares of the utilities provider's stock worth $7,780,000 after purchasing an additional 531,251 shares during the last quarter. FNY Investment Advisers LLC grew its position in shares of AES by 49,950.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 100,100 shares of the utilities provider's stock worth $1,467,000 after buying an additional 99,900 shares during the period. Kryger Capital LLC bought a new stake in shares of AES during the 1st quarter valued at $31,702,000. GSA Capital Partners LLP bought a new stake in AES in the second quarter valued at about $4,015,000. Finally, SG Americas Securities LLC increased 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 acquiring an additional 7,133,230 shares during the last quarter. Institutional investors own 93.13% of the company's stock.

AES Trading Up 0.1%

AES stock opened at $14.75 on Tuesday. The AES Corporation has a one year low of $12.33 and a one year high of $17.65. The stock has a market cap of $10.52 billion, a price-to-earnings ratio of 5.63 and a beta of 0.97. The company has a fifty day moving average price of $14.71 and a two-hundred day moving average price of $14.77. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.75 and a quick ratio of 0.67.

AES (NYSE:AES - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.15. The firm had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.11 billion. AES had a return on equity of 20.69% and a net margin of 14.30%. Equities analysts anticipate that The AES Corporation will post 2.27 EPS for the current year.

AES Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of AES in a research report on Monday, June 1st. Eight research analysts have rated the stock with a Hold rating, According to data from MarketBeat, AES presently has an average rating of "Hold" and an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source