The AES Corporation $AES Stock Holdings Increased by Amundi

Key Points

• Amundi increased its AES stake by 193% in the second quarter, acquiring 1.90 million additional shares for a total of 2.88 million shares valued at approximately $42.2 million. Institutional investors and hedge funds collectively own 93.13% of AES.
• AES reported quarterly earnings of $0.60 per share, exceeding the $0.45 analyst consensus, while revenue of $3.42 billion also surpassed estimates. Analysts expect full-year EPS of $2.23.
• Wall Street maintains a consensus “Hold” rating with a $15.71 price target. AES recently paid a quarterly dividend of $0.176, equivalent to an annualized yield of approximately 4.8%.

Amundi grew its stake in shares of The AES Corporation (NYSE:AES - Free Report) by 193.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,879,483 shares of the utilities provider's stock after acquiring an additional 1,896,587 shares during the period. Amundi owned 0.40% of AES worth $42,213,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of AES from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 17th. Eight analysts have rated the stock with a Hold rating, Based on data from MarketBeat, AES currently has an average rating of "Hold" and a consensus price target of $15.71.

AES Stock Down 0.1%

Shares of AES stock opened at $14.81 on Friday. The AES Corporation has a 12-month low of $12.33 and a 12-month high of $17.65. 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 stock has a 50 day moving average price of $14.75 and a two-hundred day moving average price of $14.62. The stock has a market capitalization of $10.56 billion, a P/E ratio of 5.65 and a beta of 0.97.

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

AES Announces Dividend

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

AES Company Profile

The AES Corporation NYSE: AES is a global energy company that develops, owns and operates electricity generation and distribution businesses. Its portfolio includes renewable energy projects, natural gas and other power-generation facilities, battery energy storage systems, and utility operations. AES serves utilities, commercial and industrial customers, and other energy users through long-term power supply arrangements and related services.

The company has increasingly focused on renewable energy and energy infrastructure, including solar, wind and storage projects designed to support the transition to lower-carbon electricity systems.

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