Ieq Capital LLC Acquires Shares of 227,290 The AES Corporation $AES

Key Points

• Ieq Capital acquired 227,290 AES shares during the second quarter, valued at approximately $3.33 million. Institutional investors collectively own 93.13% of the company.
• AES reported quarterly EPS of $0.60, beating estimates of $0.45, while revenue reached $3.42 billion versus expectations of $3.11 billion.
• The company pays a quarterly dividend of $0.176 per share, equivalent to an annualized $0.70 dividend and a 4.8% yield. Analysts maintain a consensus “Hold” rating with a $15.71 price target.

Ieq Capital LLC bought a new position in shares of The AES Corporation (NYSE:AES - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 227,290 shares of the utilities provider's stock, valued at approximately $3,332,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC grew its holdings in AES by 259.9% in the 1st quarter. Root Financial Partners LLC now owns 2,822 shares of the utilities provider's stock valued at $40,000 after buying an additional 2,038 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of AES during the 4th quarter worth $42,000. Burnham & Co LLC acquired a new position in shares of AES during the 2nd quarter valued at about $44,000. EverSource Wealth Advisors LLC grew its holdings in shares of AES by 61.0% in the first quarter. EverSource Wealth Advisors LLC now owns 5,296 shares of the utilities provider's stock valued at $75,000 after purchasing an additional 2,006 shares during the period. Finally, Sound Income Strategies LLC purchased a new position in AES during the first quarter worth about $78,000. Hedge funds and other institutional investors own 93.13% of the company's stock.

AES Stock Performance

NYSE AES opened at $14.76 on Tuesday. The stock has a fifty day simple moving average of $14.72 and a 200-day simple moving average of $14.75. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 2.93. The stock has a market cap of $10.53 billion, a PE ratio of 5.63 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.

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

AES Dividend Announcement

The business 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. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.8%. AES's dividend payout ratio (DPR) is presently 26.72%.

Analysts Set New Price Targets

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

AES Company 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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