The AES Corporation $AES Shares Purchased by FNY Investment Advisers LLC

Key Points

• FNY Investment Advisers significantly increased its AES position by 49,950% in the second quarter, acquiring 99,900 additional shares for a total holding of 100,100 shares valued at approximately $1.47 million. Institutional investors and hedge funds collectively own 93.13% of AES.
• Analysts maintain a generally cautious view, with eight firms rating AES “Hold.” Susquehanna downgraded the stock to “Neutral” and lowered its price target to $15, while the consensus target is $15.71.
• AES reported quarterly EPS of $0.68, beating estimates by $0.18, on revenue of $3.18 billion. The company also announced a quarterly dividend of $0.176 per share, equivalent to an annualized yield of about 4.8%.

FNY Investment Advisers LLC boosted its position in shares of The AES Corporation (NYSE:AES - Free Report) by 49,950.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,100 shares of the utilities provider's stock after acquiring an additional 99,900 shares during the period. FNY Investment Advisers LLC's holdings in AES were worth $1,467,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Root Financial Partners LLC lifted its position in shares of AES by 259.9% during the 1st quarter. Root Financial Partners LLC now owns 2,822 shares of the utilities provider's stock worth $40,000 after purchasing an additional 2,038 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in AES during the 4th quarter worth about $42,000. EverSource Wealth Advisors LLC boosted its position in shares of AES by 61.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,296 shares of the utilities provider's stock worth $75,000 after acquiring an additional 2,006 shares in the last quarter. Sound Income Strategies LLC purchased a new position in shares of AES in the 1st quarter valued at about $78,000. Finally, CoreCap Advisors LLC raised its position in shares of AES by 158.4% during the 2nd quarter. CoreCap Advisors LLC now owns 6,277 shares of the utilities provider's stock worth $92,000 after acquiring an additional 3,848 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AES. Weiss Ratings restated a "hold (c)" rating on shares of AES in a research note on Monday, June 1st. Susquehanna cut shares of AES from a "positive" rating to a "neutral" rating and cut their price objective for the stock from $16.00 to $15.00 in a report on Thursday, April 9th. Eight research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $15.71.

AES Stock Up 0.2%

AES opened at $14.72 on Friday. The AES Corporation has a one year low of $12.33 and a one year high of $17.65. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.65 and a current ratio of 0.75. The stock has a market capitalization of $10.51 billion, a P/E ratio of 7.87 and a beta of 0.97. The business's 50-day simple moving average is $14.71 and its 200-day simple moving average is $14.75.

AES (NYSE:AES - Get Free Report) last announced its earnings results on Tuesday, May 5th. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.18. The firm had revenue of $3.18 billion during the quarter, compared to analysts' expectations of $3.11 billion. AES had a return on equity of 21.49% and a net margin of 14.30%. Analysts anticipate that The AES Corporation will post 2.27 EPS for the current year.

AES Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a dividend of $0.176 per share. The ex-dividend date is 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 37.43%.

AES Company 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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