GSA Capital Partners LLP bought a new position in shares of The AES Corporation (NYSE:AES – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 273,874 shares of the utilities provider’s stock, valued at approximately $4,015,000. AES accounts for 0.3% of GSA Capital Partners LLP’s holdings, making the stock its 26th biggest holding.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. SG Americas Securities LLC raised its position in shares of AES by 99.8% during the first quarter. SG Americas Securities LLC now owns 14,280,668 shares of the utilities provider’s stock worth $201,215,000 after acquiring an additional 7,133,230 shares during the last quarter. Kryger Capital LLC bought a new stake in AES in the first quarter valued at approximately $31,702,000. Sound Shore Management Inc. CT raised its holdings in AES by 17.0% during the 4th 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 last quarter. Lazard Asset Management LLC boosted its stake in shares of AES by 247.6% in the 2nd quarter. Lazard Asset Management LLC now owns 968,333 shares of the utilities provider’s stock valued at $10,185,000 after purchasing an additional 689,741 shares during the last quarter. Finally, Horizon Investments LLC increased its position in shares of AES by 4,710.9% during the fourth quarter. Horizon Investments LLC now owns 542,528 shares of the utilities provider’s stock worth $7,780,000 after buying an additional 531,251 shares during the period. Institutional investors and hedge funds own 93.13% of the company’s stock.
AES Price Performance
Shares of AES opened at $14.73 on Friday. The firm has a market cap of $10.51 billion, a PE ratio of 5.62 and a beta of 0.97. The AES Corporation has a 52-week low of $12.33 and a 52-week high of $17.65. The business’s 50 day moving average price is $14.71 and its two-hundred day moving average price is $14.77. 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 Announces Dividend
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AES in a research report on Monday, June 1st. Eight research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, AES has an average rating of “Hold” and a consensus target price of $15.71.
Check Out Our Latest Stock Report on AES
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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