1,116,960 Shares in The AES Corporation $AES Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. bought a new stake in shares of The AES Corporation (NYSE:AES) during the 2nd quarter, Holdings Channel reports. The firm bought 1,116,960 shares of the utilities provider’s stock, valued at approximately $16,375,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of AES by 6.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,745 shares of the utilities provider’s stock worth $854,000 after buying an additional 3,936 shares during the period. Jones Financial Companies Lllp grew its stake in shares of AES by 259.7% during the 1st quarter. Jones Financial Companies Lllp now owns 54,407 shares of the utilities provider’s stock valued at $675,000 after acquiring an additional 39,283 shares during the period. United Services Automobile Association purchased a new stake in AES in the 1st quarter worth approximately $190,000. Empowered Funds LLC raised its stake in AES by 763.3% during the 1st quarter. Empowered Funds LLC now owns 146,851 shares of the utilities provider’s stock worth $1,824,000 after acquiring an additional 129,841 shares during the period. Finally, Woodline Partners LP lifted its holdings in AES by 40.7% during the first quarter. Woodline Partners LP now owns 60,072 shares of the utilities provider’s stock valued at $746,000 after purchasing an additional 17,372 shares in the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Stock Performance

NYSE:AES opened at $14.72 on Wednesday. The stock has a 50-day moving average price of $14.72 and a 200 day moving average price of $14.75. The stock has a market capitalization of $10.51 billion, a P/E ratio of 5.62 and a beta of 0.97. The AES Corporation has a 12-month low of $12.33 and a 12-month high of $17.65. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 2.93.

AES (NYSE:AES) last posted its quarterly earnings results 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 return on equity of 20.69% and a net margin of 14.30%.The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Equities research analysts forecast that The AES Corporation will post 2.27 EPS for the current fiscal year.

AES Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were given a dividend of $0.176 per share. The ex-dividend date 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 is currently 26.72%.

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, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $15.71.

AES Profile

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.