Moore Capital Management LP Raises Position in The AES Corporation $AES

Key Points

• Moore Capital Management increased its AES position by 26.1% in the second quarter, adding 70,407 shares for a total of 340,407 shares valued at approximately $4.99 million.
• Institutional investors own 93.13% of AES, while analysts maintain a consensus “Hold” rating with a $15.71 price target.
• AES beat quarterly earnings expectations, reporting $0.60 in EPS versus the $0.45 consensus and $3.42 billion in revenue. The company also pays a $0.176 quarterly dividend, representing a 4.8% yield.

Moore Capital Management LP raised its holdings in shares of The AES Corporation (NYSE:AES - Free Report) by 26.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 340,407 shares of the utilities provider's stock after buying an additional 70,407 shares during the quarter. Moore Capital Management LP's holdings in AES were worth $4,990,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of AES by 6.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,745 shares of the utilities provider's stock worth $854,000 after purchasing an additional 3,936 shares during the last quarter. Jones Financial Companies Lllp grew its stake in AES by 259.7% in the 1st quarter. Jones Financial Companies Lllp now owns 54,407 shares of the utilities provider's stock worth $675,000 after buying an additional 39,283 shares in the last quarter. United Services Automobile Association bought a new position in shares of AES in the 1st quarter worth $190,000. Empowered Funds LLC raised its position in shares of AES by 763.3% during the 1st quarter. Empowered Funds LLC now owns 146,851 shares of the utilities provider's stock valued at $1,824,000 after buying an additional 129,841 shares in the last quarter. Finally, Woodline Partners LP lifted its holdings in shares of AES by 40.7% during the 1st quarter. Woodline Partners LP now owns 60,072 shares of the utilities provider's stock worth $746,000 after acquiring an additional 17,372 shares during the last quarter. Hedge funds and other institutional investors own 93.13% of the company's stock.

Analyst Ratings Changes

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

AES Price Performance

AES opened at $14.75 on Tuesday. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.75 and a quick ratio of 0.67. The AES Corporation has a 1 year low of $12.33 and a 1 year high of $17.65. The stock's 50 day simple moving average is $14.73 and its 200 day simple moving average is $14.71. The firm has a market cap of $10.52 billion, a price-to-earnings ratio of 5.63 and a beta of 0.97.

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

AES Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a dividend of $0.176 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.70 annualized dividend and a dividend yield of 4.8%. AES's 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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