Integrated Wealth Concepts LLC Has $947,000 Stock Holdings in The AES Corporation $AES

Integrated Wealth Concepts LLC grew its position in shares of The AES Corporation (NYSE:AES) by 531.8% in the second quarter, HoldingsChannel reports. The fund owned 64,594 shares of the utilities provider’s stock after acquiring an additional 54,370 shares during the period. Integrated Wealth Concepts LLC’s holdings in AES were worth $947,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in AES in the 2nd quarter valued at $722,429,000. Bank of New York Mellon Corp acquired a new stake in shares of AES in the second quarter valued at about $97,056,000. FNY Investment Advisers LLC raised its holdings in AES by 49,950.0% during the second quarter. FNY Investment Advisers LLC now owns 100,100 shares of the utilities provider’s stock worth $1,467,000 after acquiring an additional 99,900 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 valued at $5,728,000 after purchasing an additional 295,600 shares during the last quarter. Finally, Rakuten Investment Management Inc. acquired a new position in shares of AES during the 2nd quarter worth approximately $1,106,000. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Trading Up 0.0%

Shares of AES stock opened at $14.86 on Friday. The AES Corporation has a 12-month low of $12.75 and a 12-month high of $17.65. The company has a market capitalization of $10.60 billion, a PE ratio of 5.67 and a beta of 0.97. The firm has a 50 day moving average price of $14.78 and a two-hundred day moving average price of $14.57. The company has a quick ratio of 0.67, a current ratio of 0.75 and a debt-to-equity ratio of 2.93.

AES (NYSE:AES) last announced its earnings results on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.15. AES had a return on equity of 20.69% and a net margin of 14.30%.The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.11 billion. As a group, analysts predict that The AES Corporation will post 2.23 earnings per share for the current year.

AES Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders 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 annualized dividend and a yield of 4.7%. AES’s payout ratio is 26.72%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of AES from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. Eight research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.71.

About AES

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.