Invst LLC Purchases Shares of 49,572 The AES Corporation $AES

Invst LLC acquired a new stake in shares of The AES Corporation (NYSE:AESFree Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 49,572 shares of the utilities provider’s stock, valued at approximately $727,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AES. Root Financial Partners LLC lifted its holdings in shares of AES by 259.9% during the first quarter. Root Financial Partners LLC now owns 2,822 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 2,038 shares during the last quarter. Burnham & Co LLC acquired a new stake in AES during the 2nd quarter worth about $44,000. Los Angeles Capital Management LLC purchased a new stake in AES during the fourth quarter valued at about $42,000. EverSource Wealth Advisors LLC increased its position in shares of AES by 61.0% in the first quarter. EverSource Wealth Advisors LLC now owns 5,296 shares of the utilities provider’s stock worth $75,000 after acquiring an additional 2,006 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in shares of AES during the first quarter valued at approximately $78,000. 93.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

View Our Latest Research Report on AES

AES Stock Down 0.2%

AES stock opened at $14.72 on Wednesday. The company has a 50 day moving average of $14.72 and a two-hundred day moving average of $14.75. The company has a quick ratio of 0.67, a current ratio of 0.75 and a debt-to-equity ratio of 2.93. The AES Corporation has a 12-month low of $12.33 and a 12-month high of $17.65. The company has a market cap of $10.51 billion, a price-to-earnings ratio of 5.62 and a beta of 0.97.

AES (NYSE:AESGet Free Report) last posted its quarterly 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. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.11 billion. AES had a net margin of 14.30% and a return on equity of 20.69%. On average, equities analysts anticipate that The AES Corporation will post 2.27 earnings per share for the current fiscal year.

AES Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a dividend of $0.176 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.8%. AES’s dividend payout ratio (DPR) is 26.72%.

AES Profile

(Free Report)

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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Institutional Ownership by Quarter for AES (NYSE:AES)

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