The AES Corporation $AES Stock Position Raised by CenterBook Partners LP

CenterBook Partners LP grew its position in The AES Corporation (NYSE:AES) by 98.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 302,685 shares of the utilities provider’s stock after purchasing an additional 149,811 shares during the quarter. CenterBook Partners LP’s holdings in AES were worth $4,510,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of AES during the second quarter worth approximately $722,429,000. HBK Investments L P bought a new stake in AES in the 2nd quarter valued at $162,298,000. Bank of New York Mellon Corp bought a new stake in AES in the 2nd quarter valued at $97,056,000. Bank of America Corp DE acquired a new position in AES in the 2nd quarter valued at $80,584,000. Finally, Man Group plc acquired a new position in AES in the 2nd quarter valued at $65,159,000. Institutional investors own 93.13% of the company’s stock.

Analyst Ratings Changes

AES has been the topic of several recent research reports. Weiss Ratings upgraded AES from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. Wall Street Zen raised shares of AES to a “buy” rating in a research report on Saturday. Seven investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.80.

AES Stock Performance

NYSE AES opened at $14.88 on Friday. The firm has a 50-day moving average price of $14.89 and a two-hundred day moving average price of $14.79. The AES Corporation has a 12-month low of $13.28 and a 12-month high of $17.65. The company has a market capitalization of $10.61 billion, a P/E ratio of 5.97 and a beta of 0.95. The company has a quick ratio of 0.67, a current ratio of 0.86 and a debt-to-equity ratio of 2.81.

AES Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a $0.1759 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, October 30th. AES’s payout ratio is presently 28.11%.

About AES

The AES Corporation is a global power company that develops and operates electricity generation and energy infrastructure. Its portfolio includes renewable energy, natural gas and other power generation, as well as battery energy storage. AES also helps businesses and other customers procure electricity and pursue clean-energy goals.

Founded in 1981 as Applied Energy Services, the company has expanded from its U.S. origins to serve customers across multiple regions, including the Americas, Europe and Asia.