Pentwater Capital Management LP bought a new stake in The AES Corporation (NYSE:AES - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 500,000 shares of the utilities provider's stock, valued at approximately $7,330,000. Pentwater Capital Management LP owned 0.07% of AES at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dorsey & Whitney Trust CO LLC boosted its position in shares of AES by 4.8% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 14,658 shares of the utilities provider's stock worth $210,000 after purchasing an additional 671 shares during the period. New Mexico Educational Retirement Board boosted its holdings in AES by 2.5% in the 4th quarter. New Mexico Educational Retirement Board now owns 32,922 shares of the utilities provider's stock valued at $472,000 after purchasing an additional 800 shares in the last quarter. Zions Bancorporation National Association UT grew its holdings in shares of AES by 3.1% in the 4th quarter. Zions Bancorporation National Association UT now owns 28,581 shares of the utilities provider's stock worth $410,000 after acquiring an additional 852 shares during the period. S&CO Inc. increased its position in AES by 6.2% during the fourth quarter. S&CO Inc. now owns 17,000 shares of the utilities provider's stock worth $243,000 after buying an additional 1,000 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position 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. Hedge funds and other institutional investors own 93.13% of the company's stock.
AES Price Performance
Shares of NYSE:AES opened at $14.73 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.75 and a debt-to-equity ratio of 2.93. The AES Corporation has a 12-month low of $12.33 and a 12-month high of $17.65. The company's fifty day moving average is $14.73 and its two-hundred day moving average is $14.74. The company has a market cap of $10.51 billion, a P/E ratio of 5.62 and a beta of 0.97.
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, beating the consensus estimate of $0.45 by $0.15. The firm 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%. Equities analysts expect that The AES Corporation will post 2.27 earnings per share for the current fiscal year.
AES Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a $0.176 dividend. 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 currently 26.72%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded AES from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 17th. Eight analysts have rated the stock with a Hold rating, Based on data from MarketBeat, AES currently has an average rating of "Hold" and an average price target of $15.71.
Read Our Latest Analysis on AES
About AES
(
Free Report)
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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