The AES Corporation $AES Shares Purchased by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners LLC increased its stake in The AES Corporation by 61.9% in Q1, acquiring an additional 88,259 shares to hold a total of 230,771 shares, valued at approximately $2.87 million.
• AES reported a Q2 earnings per share of $0.51, surpassing expectations, despite revenue declining by 3.0% from the same period last year.
• The company declared a quarterly dividend of $0.176 per share, providing a 5.3% yield with a payout ratio of 49.30%.

Venture Visionary Partners LLC grew its stake in The AES Corporation (NYSE:AES - Free Report) by 61.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 230,771 shares of the utilities provider's stock after acquiring an additional 88,259 shares during the quarter. Venture Visionary Partners LLC's holdings in AES were worth $2,866,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Hexagon Capital Partners LLC increased its stake in shares of AES by 33.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,880 shares of the utilities provider's stock worth $48,000 after acquiring an additional 974 shares during the last quarter. Diversify Advisory Services LLC increased its stake in shares of AES by 5.1% in the 1st quarter. Diversify Advisory Services LLC now owns 20,904 shares of the utilities provider's stock worth $260,000 after acquiring an additional 1,006 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of AES by 4.0% in the 1st quarter. Kestra Private Wealth Services LLC now owns 26,290 shares of the utilities provider's stock worth $327,000 after acquiring an additional 1,011 shares during the last quarter. Yousif Capital Management LLC increased its stake in shares of AES by 1.1% in the 1st quarter. Yousif Capital Management LLC now owns 94,686 shares of the utilities provider's stock worth $1,176,000 after acquiring an additional 1,012 shares during the last quarter. Finally, Moloney Securities Asset Management LLC increased its stake in shares of AES by 5.0% in the 1st quarter. Moloney Securities Asset Management LLC now owns 24,752 shares of the utilities provider's stock worth $307,000 after acquiring an additional 1,173 shares during the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Stock Performance

NYSE AES opened at $13.3150 on Wednesday. The company has a market cap of $9.48 billion, a P/E ratio of 9.38, a P/E/G ratio of 1.60 and a beta of 0.96. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.82 and a quick ratio of 0.74. The stock has a 50-day moving average of $12.29 and a two-hundred day moving average of $11.43. The AES Corporation has a 1-year low of $9.46 and a 1-year high of $20.30.

AES (NYSE:AES - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.12. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.97 billion. AES had a return on equity of 19.02% and a net margin of 8.42%.AES's revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 EPS. As a group, analysts anticipate that The AES Corporation will post 1.93 EPS for the current year.

AES Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a $0.176 dividend. This represents a $0.70 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Friday, August 1st. AES's payout ratio is currently 49.30%.

Analyst Ratings Changes

A number of analysts recently issued reports on AES shares. Barclays raised their price objective on AES from $12.00 to $14.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price objective on AES from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. Jefferies Financial Group downgraded AES from a "hold" rating to an "underperform" rating and cut their price objective for the stock from $10.00 to $9.00 in a research report on Tuesday, May 20th. Wall Street Zen raised AES from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Argus reissued a "hold" rating on shares of AES in a research report on Tuesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $24.67.

About AES

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.

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