The AES Corporation $AES Holdings Lifted by CenterBook Partners LP

Key Points

• CenterBook Partners increased its AES stake by 98% in the third quarter, adding 149,811 shares to hold 302,685 shares valued at $4.51 million.
• Institutional investors and hedge funds own 93.13% of AES shares. The stock opened at $14.88, within its 52-week range of $13.28 to $17.65.
• AES announced a quarterly dividend of $0.1759 per share, equivalent to a 4.7% yield. Analysts’ average rating is “Hold,” with an average price target of $15.80.

CenterBook Partners LP boosted its position in shares of The AES Corporation (NYSE:AES - Free Report) by 98.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 302,685 shares of the utilities provider's stock after purchasing an additional 149,811 shares during the period. CenterBook Partners LP's holdings in AES were worth $4,510,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE acquired a new position in shares of AES during the 2nd quarter worth approximately $80,584,000. Tidal Investments LLC boosted its holdings in shares of AES by 188.0% in the 2nd quarter. Tidal Investments LLC now owns 290,604 shares of the utilities provider's stock valued at $4,260,000 after buying an additional 189,691 shares during the last quarter. HBK Investments L P bought a new position in shares of AES in the second quarter valued at $162,298,000. BlackRock Inc. bought a new position in shares of AES in the second quarter valued at $722,429,000. Finally, Corient Private Wealth LP acquired a new position in AES during the second quarter worth $1,413,000. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Stock Down 0.1%

AES opened at $14.88 on Friday. The AES Corporation has a 1-year low of $13.28 and a 1-year high of $17.65. The stock's fifty day simple moving average is $14.89 and its 200 day simple moving average is $14.79. The company has a current ratio of 0.86, a quick ratio of 0.67 and a debt-to-equity ratio of 2.81. The stock has a market cap of $10.61 billion, a PE ratio of 5.97 and a beta of 0.95.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a $0.1759 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, October 30th. AES's payout ratio is currently 28.11%.

Analyst Ratings Changes

AES has been the topic of several analyst reports. Weiss Ratings raised shares of AES from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 17th. Wall Street Zen raised shares of AES to a "buy" rating in a research report on Saturday. Seven investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, AES presently has an average rating of "Hold" and an average price target of $15.80.

AES Profile

The AES Corporation is a global power company that develops and operates electricity generation and energy infrastructure. Its portfolio includes renewable energy, natural gas and other power generation, as well as battery energy storage. AES also helps businesses and other customers procure electricity and pursue clean-energy goals.

Founded in 1981 as Applied Energy Services, the company has expanded from its U.S. origins to serve customers across multiple regions, including the Americas, Europe and Asia.

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