Lynx Investment Advisory Takes Position in The AES Corporation $AES

Key Points

• Lynx Investment Advisory has acquired a new stake in The AES Corporation, purchasing 74,938 shares valued at approximately $931,000 in the first quarter.
• The AES Corporation reported $0.51 earnings per share for the last quarter, exceeding analysts' expectations and indicating a return on equity of 19.02%.
• The company declared a quarterly dividend of $0.176 per share, representing an annual yield of 5.5%.

Lynx Investment Advisory purchased a new stake in The AES Corporation (NYSE:AES - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 74,938 shares of the utilities provider's stock, valued at approximately $931,000.

Several other hedge funds also recently made changes to their positions in the stock. Hexagon Capital Partners LLC grew its position in shares of AES by 33.5% in the first quarter. Hexagon Capital Partners LLC now owns 3,880 shares of the utilities provider's stock valued at $48,000 after purchasing an additional 974 shares in the last quarter. Diversify Advisory Services LLC grew its position in shares of AES by 5.1% in the first quarter. Diversify Advisory Services LLC now owns 20,904 shares of the utilities provider's stock valued at $260,000 after purchasing an additional 1,006 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in shares of AES by 4.0% in the first quarter. Kestra Private Wealth Services LLC now owns 26,290 shares of the utilities provider's stock valued at $327,000 after purchasing an additional 1,011 shares in the last quarter. Yousif Capital Management LLC grew its position in shares of AES by 1.1% in the first quarter. Yousif Capital Management LLC now owns 94,686 shares of the utilities provider's stock valued at $1,176,000 after purchasing an additional 1,012 shares in the last quarter. Finally, Moloney Securities Asset Management LLC grew its position in shares of AES by 5.0% in the first quarter. Moloney Securities Asset Management LLC now owns 24,752 shares of the utilities provider's stock valued at $307,000 after purchasing an additional 1,173 shares in the last quarter. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

AES Trading Up 1.0%

Shares of AES stock opened at $12.86 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.82 and a debt-to-equity ratio of 3.46. The business has a 50-day moving average price of $13.07 and a two-hundred day moving average price of $11.74. The AES Corporation has a 12-month low of $9.46 and a 12-month high of $20.30. The firm has a market cap of $9.16 billion, a P/E ratio of 9.06, a price-to-earnings-growth ratio of 1.52 and a beta of 0.92.

AES (NYSE:AES - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.12. AES had a return on equity of 19.02% and a net margin of 8.42%.The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company's revenue was down 3.0% compared to the same quarter last year. Equities analysts anticipate that The AES Corporation will post 1.93 EPS for the current fiscal year.

AES Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a dividend of $0.176 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $0.70 annualized dividend and a yield of 5.5%. AES's payout ratio is 49.30%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AES. Barclays lifted their price target on AES from $12.00 to $14.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Jefferies Financial Group cut AES from a "hold" rating to an "underperform" rating and reduced their target price for the stock from $10.00 to $9.00 in a research report on Tuesday, May 20th. Argus restated a "hold" rating on shares of AES in a research report on Tuesday, May 27th. Wall Street Zen upgraded AES from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Susquehanna boosted their target price on AES from $15.00 to $16.00 and gave the stock a "positive" rating in a research report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.67.

AES Company Profile

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.

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