120,633 Shares in The AES Corporation $AES Bought by Patrick Mauro Investment Advisor INC.

Patrick Mauro Investment Advisor INC. acquired a new stake in The AES Corporation (NYSE:AES) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 120,633 shares of the utilities provider’s stock, valued at approximately $1,768,000.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of AES in the second quarter valued at about $722,429,000. SG Americas Securities LLC increased its position 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 purchasing an additional 7,133,230 shares during the period. Sound Shore Management Inc. CT raised its stake in shares of AES by 17.0% during 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 buying an additional 1,002,530 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of AES during the 2nd quarter worth approximately $97,056,000. Finally, Deutsche Bank AG acquired a new stake in shares of AES in the 2nd quarter valued at approximately $35,158,000. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Stock Down 0.2%

AES stock opened at $14.71 on Thursday. 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 company’s 50-day moving average price is $14.72 and its 200 day moving average price is $14.76. The AES Corporation has a 52 week low of $12.33 and a 52 week high of $17.65. The company has a market cap of $10.50 billion, a P/E ratio of 5.62 and a beta of 0.97.

AES (NYSE:AES) last issued its earnings results on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.11 billion. On average, research analysts expect that The AES Corporation will post 2.27 earnings per share for the current fiscal year.

AES Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised AES from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Eight investment analysts have rated the stock with a Hold rating, According to MarketBeat, AES has an average rating of “Hold” and a consensus price target of $15.71.

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.