Hsbc Holdings PLC Invests $27.59 Million in The AES Corporation $AES

Key Points

• Hsbc Holdings PLC acquired 1.88 million AES shares worth approximately $27.6 million during the second quarter, giving it a 0.26% stake. Institutional investors collectively own 93.13% of AES.
• AES beat quarterly expectations, reporting $0.60 in EPS versus the $0.45 consensus and revenue of $3.42 billion versus $3.11 billion expected.
• Analysts maintain a consensus “Hold” rating with a $15.71 price target, while AES pays a $0.176 quarterly dividend, equivalent to an annualized $0.70 payout and a 4.8% yield.

Hsbc Holdings PLC bought a new stake in shares of The AES Corporation (NYSE:AES - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,882,234 shares of the utilities provider's stock, valued at approximately $27,586,000. Hsbc Holdings PLC owned approximately 0.26% of AES at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of AES in the 2nd quarter valued at approximately $722,429,000. SG Americas Securities LLC raised its holdings in AES by 99.8% in the first quarter. SG Americas Securities LLC now owns 14,280,668 shares of the utilities provider's stock worth $201,215,000 after purchasing an additional 7,133,230 shares in the last quarter. Sound Shore Management Inc. CT lifted its position in AES by 17.0% during 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 purchased a new stake in shares of AES in the 2nd quarter worth about $97,056,000. Finally, Deutsche Bank AG bought a new position in shares of AES in the 2nd quarter worth about $35,158,000. 93.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

AES Stock Down 0.0%

AES stock opened at $14.72 on Friday. The business has a 50 day moving average of $14.73 and a 200 day moving average of $14.73. The firm has a market cap of $10.51 billion, a PE ratio of 5.62 and a beta of 0.97. The AES Corporation has a twelve month low of $12.33 and a twelve month high of $17.65. The company has a quick ratio of 0.67, a current ratio of 0.75 and a debt-to-equity ratio of 2.93.

AES (NYSE:AES - Get Free Report) last released its 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 firm had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.11 billion. On average, research analysts forecast that The AES Corporation will post 2.27 EPS for the current fiscal 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 given a dividend of $0.176 per share. 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 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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