The AES Corporation $AES Shares Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd raised its position in The AES Corporation (NYSE:AES) by 17.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,828,033 shares of the utilities provider’s stock after purchasing an additional 269,008 shares during the quarter. AES accounts for approximately 0.9% of WINTON GROUP Ltd’s portfolio, making the stock its 15th largest position. WINTON GROUP Ltd’s holdings in AES were worth $26,799,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of AES. BlackRock Inc. purchased a new stake in shares of AES in the 2nd quarter valued at $722,429,000. SG Americas Securities LLC boosted its holdings in AES by 99.8% during the 1st 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 during the period. California State Teachers Retirement System grew its position in AES by 1,353.8% in the 2nd 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. Sound Shore Management Inc. CT increased its stake in AES by 17.0% during the fourth quarter. Sound Shore Management Inc. CT now owns 6,898,342 shares of the utilities provider’s stock worth $98,922,000 after purchasing an additional 1,002,530 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in AES during the second quarter worth about $97,056,000. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

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 research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.71.

AES Price Performance

Shares of AES opened at $14.81 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 2.93. The firm’s fifty day simple moving average is $14.75 and its 200-day simple moving average is $14.64. The firm has a market capitalization of $10.57 billion, a price-to-earnings ratio of 5.65 and a beta of 0.97. The AES Corporation has a twelve month low of $12.33 and a twelve month high of $17.65.

AES (NYSE:AES) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.45 by $0.15. AES had a return on equity of 20.69% and a net margin of 14.30%.The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.11 billion. Equities analysts forecast that The AES Corporation will post 2.23 EPS for the current fiscal year.

AES Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a dividend of $0.176 per share. 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 (DPR) is 26.72%.

AES 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.