Townsquare Capital LLC raised its position in shares of The AES Corporation (NYSE:AES - Free Report) by 5.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 547,815 shares of the utilities provider's stock after acquiring an additional 27,948 shares during the period. Townsquare Capital LLC owned approximately 0.08% of AES worth $6,804,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hexagon Capital Partners LLC grew its holdings in AES by 33.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,880 shares of the utilities provider's stock valued at $48,000 after buying an additional 974 shares in the last quarter. Diversify Advisory Services LLC grew its stake in shares of AES by 5.1% in the first quarter. Diversify Advisory Services LLC now owns 20,904 shares of the utilities provider's stock valued at $260,000 after acquiring an additional 1,006 shares in the last quarter. Kestra Private Wealth Services LLC increased its position in AES by 4.0% during the first 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 period. Yousif Capital Management LLC raised its stake in 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 purchasing an additional 1,012 shares in the last quarter. Finally, Moloney Securities Asset Management LLC boosted its holdings in AES by 5.0% in the 1st quarter. Moloney Securities Asset Management LLC now owns 24,752 shares of the utilities provider's stock valued at $307,000 after purchasing an additional 1,173 shares during the period. Institutional investors and hedge funds own 93.13% of the company's stock.
AES Stock Up 1.9%
Shares of NYSE AES opened at $13.10 on Friday. The stock has a 50-day moving average price of $11.93 and a two-hundred day moving average price of $11.34. The AES Corporation has a 12 month low of $9.46 and a 12 month high of $20.30. The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 3.46. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 1.57 and a beta of 0.96.
AES (NYSE:AES - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.12. AES had a net margin of 8.42% and a return on equity of 19.02%. The business had revenue of $2.86 billion during the quarter, compared to analysts' expectations of $2.97 billion. During the same period in the prior year, the company earned $0.38 EPS. The firm's quarterly revenue was down 3.0% compared to the same quarter last year. As a group, analysts forecast that The AES Corporation will post 1.93 earnings per share for the current fiscal year.
AES Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a dividend of $0.176 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $0.70 annualized dividend and a dividend yield of 5.4%. AES's dividend payout ratio (DPR) is 49.30%.
Analysts Set New Price Targets
Several research analysts have recently commented on the stock. HSBC lowered their target price on shares of AES from $15.00 to $14.00 in a report on Monday, May 5th. Wells Fargo & Company lifted their price objective on AES from $108.00 to $112.00 in a report on Friday, May 2nd. Susquehanna upped their target price on AES from $15.00 to $16.00 and gave the company a "positive" rating in a research report on Monday, July 21st. Argus restated a "hold" rating on shares of AES in a research report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of AES from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, AES presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.67.
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About AES
(
Free Report)
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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