The AES Corporation (NYSE:AES – Get Free Report) shares passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $14.61 and traded as high as $14.94. AES shares last traded at $14.9050, with a volume of 7,258,474 shares changing hands.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded 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 MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.71.
Check Out Our Latest Analysis on AES
AES Price Performance
AES (NYSE:AES – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.15. AES had a net margin of 14.30% and a return on equity of 20.69%. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.11 billion. As a group, equities analysts forecast that The AES Corporation will post 2.02 EPS for the current fiscal year.
AES Announces Dividend
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 $0.1759 per share. This represents a $0.70 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, July 31st. AES’s dividend payout ratio (DPR) is currently 26.72%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. CX Institutional increased its stake in AES by 31.3% in the third quarter. CX Institutional now owns 19,652 shares of the utilities provider’s stock valued at $293,000 after purchasing an additional 4,687 shares during the last quarter. QRG Capital Management Inc. boosted its stake in AES by 14.7% in the 2nd quarter. QRG Capital Management Inc. now owns 15,480 shares of the utilities provider’s stock worth $227,000 after buying an additional 1,986 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in AES by 8.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 161,360 shares of the utilities provider’s stock valued at $2,366,000 after buying an additional 12,247 shares during the period. HBK Investments L P acquired a new position in shares of AES during the 2nd quarter valued at about $162,298,000. Finally, Anchor Investment Management LLC lifted its holdings in shares of AES by 2,444.4% during the 2nd quarter. Anchor Investment Management LLC now owns 2,290 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 2,200 shares during the period. 93.13% of the stock is currently owned by institutional investors and hedge funds.
AES Company Profile
AES Corporation is a global energy company that develops, owns and operates electricity generation and utility businesses. Its activities include renewable energy, natural gas-fired generation, battery energy storage and other energy infrastructure, as well as the distribution of electricity to customers through regulated utility operations.
The company serves residential, commercial and industrial customers in the United States and international markets, including countries in Latin America.
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