The AES Corporation $AES Shares Purchased by Maven Securities LTD

Key Points

• Maven Securities increased its AES position by 310.8% in the second quarter, acquiring 295,600 additional shares for a total stake of 390,700 shares. Institutional investors collectively own 93.13% of AES.
• AES exceeded quarterly expectations, reporting $0.60 earnings per share versus the $0.45 consensus estimate and revenue of $3.42 billion, above the $3.11 billion forecast.
• The company pays a quarterly dividend of $0.176 per share, equivalent to an annualized $0.70 dividend and a 4.8% yield. Analysts maintain a “Hold” consensus with a $15.71 target price, compared with the stock’s $14.81 opening price.

Maven Securities LTD raised its position in The AES Corporation (NYSE:AES - Free Report) by 310.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 390,700 shares of the utilities provider's stock after buying an additional 295,600 shares during the period. Maven Securities LTD owned approximately 0.05% of AES worth $5,728,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. acquired a new position in shares of AES in the second quarter worth about $722,429,000. California State Teachers Retirement System grew its stake in AES by 1,353.8% during the 2nd quarter. California State Teachers Retirement System now owns 12,141,603 shares of the utilities provider's stock valued at $177,996,000 after purchasing an additional 11,306,462 shares in the last quarter. SG Americas Securities LLC increased its holdings in AES by 99.8% during the 1st quarter. SG Americas Securities LLC now owns 14,280,668 shares of the utilities provider's stock worth $201,215,000 after purchasing an additional 7,133,230 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of AES in the 2nd quarter valued at approximately $97,056,000. Finally, Bank of America Corp DE purchased a new position in shares of AES during the 2nd quarter valued at approximately $80,584,000. 93.13% of the stock is owned by hedge funds and other institutional investors.

AES Trading Up 0.2%

NYSE:AES opened at $14.81 on Wednesday. The company has a market cap of $10.57 billion, a PE ratio of 5.65 and a beta of 0.97. The business's 50 day moving average is $14.75 and its two-hundred day moving average is $14.65. 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 52 week low of $12.33 and a 52 week high of $17.65.

AES (NYSE:AES - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.15. AES had a return on equity of 20.69% and a net margin of 14.30%.The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.11 billion. On average, analysts predict that The AES Corporation will post 2.23 EPS for the current year.

AES Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of 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 data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $15.71.

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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