AES Corp (NYSE:AES) Shares Acquired by Wright Investors Service Inc.
Wright Investors Service Inc. boosted its stake in shares of AES Corp (NYSE:AES) by 42.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,328 shares of the utilities provider’s stock after purchasing an additional 17,846 shares during the quarter. Wright Investors Service Inc.’s holdings in AES were worth $1,011,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in AES during the 1st quarter worth $30,000. Reilly Financial Advisors LLC acquired a new stake in AES during the 1st quarter worth $36,000. Liberty Wealth Management LLC acquired a new stake in AES during the 1st quarter worth $36,000. Wealthcare Advisory Partners LLC acquired a new stake in AES during the 2nd quarter worth $36,000. Finally, Lee Financial Co acquired a new stake in AES during the 1st quarter worth $54,000. Institutional investors and hedge funds own 94.60% of the company’s stock.
In other news, Director Jeffrey W. Ubben purchased 200,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were purchased at an average price of $15.25 per share, with a total value of $3,050,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.06% of the company’s stock.
AES stock traded down $0.04 during mid-day trading on Thursday, hitting $14.75. 193,282 shares of the company’s stock were exchanged, compared to its average volume of 5,636,900. The firm has a market capitalization of $9.80 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 1.34 and a beta of 1.03. AES Corp has a fifty-two week low of $13.00 and a fifty-two week high of $18.52. The company has a quick ratio of 1.24, a current ratio of 1.36 and a debt-to-equity ratio of 3.41. The company has a 50 day moving average price of $16.71.
AES (NYSE:AES) last released its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). AES had a net margin of 3.78% and a return on equity of 18.94%. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period in the prior year, the business earned $0.25 EPS. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that AES Corp will post 1.34 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a $0.137 dividend. This is an increase from AES’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.55 annualized dividend and a dividend yield of 3.72%. AES’s dividend payout ratio (DPR) is currently 44.35%.
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.
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