Flputnam Investment Management Co. purchased a new stake in shares of The AES Corporation (NYSE:AES – Free Report) in the second quarter, Holdings Channel.com reports. The firm purchased 118,594 shares of the utilities provider’s stock, valued at approximately $1,739,000.
A number of other institutional investors and hedge funds also recently modified their holdings of AES. Global Retirement Partners LLC bought a new stake in shares of AES in the second quarter valued at approximately $219,000. Alberta Investment Management Corp purchased a new stake in shares of AES in the second quarter worth $466,000. Bank of New York Mellon Corp bought a new stake in shares of AES during the 2nd quarter valued at about $97,056,000. Focus Partners Advisor Solutions LLC purchased a new position in AES in the 2nd quarter worth approximately $292,000. Finally, S&CO Inc. bought a new position in AES in the second quarter valued at $249,000. 93.13% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of AES in a research report on Monday, June 1st. Eight investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, AES has an average rating of “Hold” and a consensus price target of $15.71.
AES Price Performance
Shares of AES opened at $14.75 on Tuesday. The firm’s 50-day simple moving average is $14.71 and its two-hundred day simple moving average is $14.77. The stock has a market cap of $10.52 billion, a PE ratio of 5.63 and a beta of 0.97. The AES Corporation has a fifty-two week low of $12.33 and a fifty-two week high of $17.65. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.67 and a current ratio of 0.75.
AES (NYSE:AES – Get Free Report) last issued its earnings results on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.15. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.11 billion. AES had a net margin of 14.30% and a return on equity of 20.69%. Analysts anticipate that The AES Corporation will post 2.27 earnings per share for the current fiscal year.
AES Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Friday, July 31st. AES’s dividend payout ratio (DPR) is currently 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.
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