Kapitalo Investimentos Ltda bought a new stake in shares of The AES Corporation (NYSE:AES – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 618,623 shares of the utilities provider’s stock, valued at approximately $9,069,000. AES comprises 0.6% of Kapitalo Investimentos Ltda’s investment portfolio, making the stock its 24th largest holding. Kapitalo Investimentos Ltda owned approximately 0.09% of AES at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of AES in the second quarter worth $722,429,000. SG Americas Securities LLC increased its position in AES by 99.8% during the first 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 last quarter. Sound Shore Management Inc. CT raised its position in AES by 17.0% in 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 period. Bank of New York Mellon Corp bought a new stake in shares of AES during the 2nd quarter worth approximately $97,056,000. Finally, Deutsche Bank AG bought a new position in shares of AES in the second quarter worth about $35,158,000. Institutional investors own 93.13% of the company’s stock.
Analyst Ratings Changes
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 analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.71.
AES Stock Performance
Shares of AES stock opened at $14.72 on Wednesday. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.67 and a current ratio of 0.75. The business has a 50-day simple moving average of $14.72 and a 200-day simple moving average of $14.75. The company 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 one year low of $12.33 and a one year high of $17.65.
AES (NYSE:AES – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.15. The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.11 billion. AES had a return on equity of 20.69% and a net margin of 14.30%. On average, equities research analysts forecast that The AES Corporation will post 2.27 EPS for the current fiscal year.
AES Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid 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 currently 26.72%.
AES Company 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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