Jupiter Topco LLC Invests $22.30 Million in The AES Corporation $AES

Key Points

• Jupiter Topco LLC purchased 1.52 million AES shares worth approximately $22.3 million, acquiring a 0.21% stake. Institutional investors and hedge funds collectively own 93.13% of the company.
• AES exceeded quarterly expectations, reporting $0.60 earnings per share versus the $0.45 consensus estimate and revenue of $3.42 billion, above the $3.11 billion forecast.
• AES pays a quarterly dividend of $0.176 per share, equal to an annualized $0.70 dividend and a 4.8% yield. Analysts maintain a consensus “Hold” rating with an average price target of $15.71.

Jupiter Topco LLC purchased 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 SEC. The firm purchased 1,524,008 shares of the utilities provider's stock, valued at approximately $22,304,000. Jupiter Topco LLC owned 0.21% of AES at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AES. Kintayl Capital LP purchased a new position in AES in the second quarter worth $6,585,000. Hsbc Holdings PLC purchased a new stake in shares of AES during the 2nd quarter worth $27,586,000. Kapitalo Investimentos Ltda acquired a new position in shares of AES during the 2nd quarter worth $9,069,000. Legal & General Group Plc acquired a new position in shares of AES during the 2nd quarter worth $19,595,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of AES in the 2nd quarter valued at about $22,219,000. Institutional investors and hedge funds own 93.13% of the company's stock.

AES Stock Performance

NYSE AES opened at $14.73 on Friday. The business has a 50 day moving average price of $14.73 and a 200 day moving average price of $14.73. The company has a market capitalization of $10.51 billion, a P/E ratio of 5.62 and a beta of 0.97. The AES Corporation has a 1-year low of $12.33 and a 1-year high of $17.65. 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 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 company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.11 billion. Sell-side analysts expect that The AES Corporation will post 2.27 EPS for the current fiscal year.

AES Announces Dividend

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. This represents a $0.70 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Friday, July 31st. AES's payout ratio is currently 26.72%.

Analyst Ratings Changes

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

About AES

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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