Sanctuary Advisors LLC Buys Shares of 136,967 The AES Corporation $AES

Key Points

• Sanctuary Advisors LLC acquired 136,967 AES shares during the second quarter, valued at approximately $2.0 million. Institutional investors collectively own 93.13% of the company.
• Analysts maintain a consensus “Hold” rating with a $15.71 target price, while AES shares recently opened at $14.73.
• AES exceeded quarterly expectations with $0.60 earnings per share versus a $0.45 estimate and $3.42 billion in revenue. The company also pays a quarterly dividend of $0.176, representing an annualized yield of about 4.8%.

Sanctuary Advisors LLC bought a new stake in The AES Corporation (NYSE:AES - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 136,967 shares of the utilities provider's stock, valued at approximately $2,008,000.

A number of other hedge funds have also added to or reduced their stakes in AES. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in AES by 6.1% during 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 increased its stake in shares of AES by 259.7% in the 1st quarter. Jones Financial Companies Lllp now owns 54,407 shares of the utilities provider's stock valued at $675,000 after purchasing an additional 39,283 shares during the last quarter. United Services Automobile Association acquired a new position in shares of AES during the 1st quarter worth $190,000. Empowered Funds LLC lifted 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 worth $1,824,000 after buying an additional 129,841 shares during the last quarter. Finally, Woodline Partners LP boosted its stake in AES by 40.7% in the first quarter. Woodline Partners LP now owns 60,072 shares of the utilities provider's stock valued at $746,000 after buying an additional 17,372 shares in the last quarter. 93.13% of the stock is owned by institutional investors.

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 research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $15.71.

AES Stock Performance

Shares of AES stock opened at $14.73 on Thursday. The AES Corporation has a twelve month low of $12.33 and a twelve month high of $17.65. The stock's fifty day simple moving average is $14.73 and its 200 day simple moving average is $14.74. 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 firm has a market capitalization of $10.51 billion, a P/E ratio of 5.62 and a beta of 0.97.

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, beating the consensus estimate of $0.45 by $0.15. AES had a return on equity of 20.69% and a net margin of 14.30%.The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.11 billion. As a group, sell-side analysts predict that The AES Corporation will post 2.27 EPS for the current fiscal year.

AES Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Friday, July 31st. AES's dividend payout ratio (DPR) is 26.72%.

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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