Flputnam Investment Management Co. bought a new stake in The AES Corporation (NYSE:AES – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 118,594 shares of the utilities provider’s stock, valued at approximately $1,739,000.
Several other hedge funds also recently modified their holdings of AES. BlackRock Inc. bought a new stake in AES during the second quarter worth $722,429,000. SG Americas Securities LLC boosted its holdings in AES by 99.8% during the 1st 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. Sound Shore Management Inc. CT grew its stake in shares of 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 acquiring an additional 1,002,530 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of AES in the second quarter valued at about $97,056,000. Finally, Bank of America Corp DE bought a new position in shares of AES during the second quarter valued at about $80,584,000. Hedge funds and other institutional investors own 93.13% of the company’s stock.
AES Stock Performance
Shares of AES stock opened at $14.73 on Monday. The business’s fifty day simple moving average is $14.73 and its 200 day simple moving average is $14.72. The company has a current ratio of 0.75, a quick ratio of 0.67 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 firm has a market capitalization of $10.51 billion, a P/E ratio of 5.62 and a beta of 0.97.
AES Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Friday, July 31st. AES’s payout ratio is presently 26.72%.
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 research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $15.71.
Read Our Latest Stock Analysis on AES
About AES
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.
Featured Stories
- Five stocks we like better than AES
- Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally
- Rubrik’s AI Security Bet Could Power the Next Leg Higher
- Apple’s Foldable iPhone Could Be a Catalyst, But Not a Cure-All
- Snowflake Is Up Nearly 50% in 2026—What Are Short Sellers Betting Against?
Want to see what other hedge funds are holding AES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The AES Corporation (NYSE:AES – Free Report).
Receive News & Ratings for AES Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AES and related companies with MarketBeat.com's FREE daily email newsletter.
