WINTON GROUP Ltd Grows Stock Position in The AES Corporation $AES

Key Points

• WINTON GROUP Ltd increased its AES position by 17.3% in the second quarter, purchasing 269,008 additional shares for a total of 1.83 million shares valued at approximately $26.8 million.
• Institutional investors collectively own 93.13% of AES, while the stock traded near $14.81, within its 52-week range of $12.33 to $17.65.
• AES exceeded quarterly earnings expectations with $0.60 in EPS versus the $0.45 consensus and reported $3.42 billion in revenue. The company also maintains a quarterly dividend of $0.176, representing an annualized yield of about 4.8%, while analysts maintain a consensus “Hold” rating.

WINTON GROUP Ltd increased its position in shares of The AES Corporation (NYSE:AES - Free Report) by 17.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,828,033 shares of the utilities provider's stock after purchasing an additional 269,008 shares during the quarter. AES makes up approximately 0.9% of WINTON GROUP Ltd's investment portfolio, making the stock its 15th largest position. WINTON GROUP Ltd owned about 0.26% of AES worth $26,799,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AES. Integrated Wealth Concepts LLC grew its holdings in shares of AES by 531.8% during the second quarter. Integrated Wealth Concepts LLC now owns 64,594 shares of the utilities provider's stock worth $947,000 after buying an additional 54,370 shares in the last quarter. Maven Securities LTD boosted its position in AES by 310.8% during the second quarter. Maven Securities LTD now owns 390,700 shares of the utilities provider's stock worth $5,728,000 after acquiring an additional 295,600 shares during the last quarter. Allworth Financial LP grew its stake in AES by 205.8% during the 2nd quarter. Allworth Financial LP now owns 18,365 shares of the utilities provider's stock valued at $269,000 after acquiring an additional 12,359 shares in the last quarter. Arizona State Retirement System lifted its stake in AES by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 196,758 shares of the utilities provider's stock worth $2,884,000 after purchasing an additional 1,033 shares in the last quarter. Finally, Waverly Advisors LLC boosted its holdings in shares of AES by 59.3% during the 2nd quarter. Waverly Advisors LLC now owns 30,367 shares of the utilities provider's stock worth $445,000 after purchasing an additional 11,301 shares during the last quarter. Hedge funds and other institutional investors own 93.13% of the company's stock.

AES Stock Performance

NYSE:AES opened at $14.81 on Thursday. The company's 50-day moving average is $14.75 and its two-hundred day moving average is $14.64. The AES Corporation has a 1-year low of $12.33 and a 1-year high of $17.65. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.75 and a quick ratio of 0.67. The firm has a market capitalization of $10.57 billion, a price-to-earnings ratio of 5.65 and a beta of 0.97.

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

AES Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a $0.176 dividend. This represents a $0.70 annualized dividend 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 AES from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 17th. Eight investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, AES has an average rating of "Hold" and an average price target 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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