195,390 Shares in The AES Corporation $AES Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI bought a new position in The AES Corporation (NYSE:AES) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 195,390 shares of the utilities provider’s stock, valued at approximately $2,864,000.

A number of other institutional investors have also recently made changes to their positions in AES. Root Financial Partners LLC grew its stake in shares of AES by 259.9% in the first quarter. Root Financial Partners LLC now owns 2,822 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 2,038 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of AES during the fourth quarter valued at approximately $42,000. EverSource Wealth Advisors LLC lifted its position in AES by 61.0% during the first quarter. EverSource Wealth Advisors LLC now owns 5,296 shares of the utilities provider’s stock valued at $75,000 after purchasing an additional 2,006 shares during the period. Sound Income Strategies LLC purchased a new stake in AES in the first quarter worth approximately $78,000. Finally, Clearstead Trust LLC bought a new stake in AES in the 2nd quarter worth approximately $91,000. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Stock Up 0.1%

NYSE AES opened at $14.75 on Tuesday. The AES Corporation has a 52 week low of $12.33 and a 52 week 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 company has a market capitalization of $10.52 billion, a P/E ratio of 5.63 and a beta of 0.97. The stock’s 50-day moving average price is $14.71 and its 200-day moving average price is $14.77.

AES (NYSE:AES) last announced its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.15. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.11 billion. AES had a return on equity of 20.69% and a net margin of 14.30%. On average, equities research analysts predict that The AES Corporation will post 2.27 earnings per share for the current year.

AES Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of AES in a report on Monday, June 1st. Eight analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $15.71.

AES Company Profile

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.