The AES Corporation $AES Stake Boosted by Maven Securities LTD

Maven Securities LTD lifted its stake in shares of The AES Corporation (NYSE:AES) by 310.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 390,700 shares of the utilities provider’s stock after purchasing an additional 295,600 shares during the quarter. Maven Securities LTD’s holdings in AES were worth $5,728,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC grew its stake in AES by 4.8% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 14,658 shares of the utilities provider’s stock worth $210,000 after buying an additional 671 shares during the last quarter. New Mexico Educational Retirement Board lifted its stake in AES by 2.5% in the fourth quarter. New Mexico Educational Retirement Board now owns 32,922 shares of the utilities provider’s stock valued at $472,000 after buying an additional 800 shares during the last quarter. Zions Bancorporation National Association UT boosted its holdings in shares of AES by 3.1% during the fourth quarter. Zions Bancorporation National Association UT now owns 28,581 shares of the utilities provider’s stock valued at $410,000 after acquiring an additional 852 shares during the period. S&CO Inc. grew its position in shares of AES by 6.2% during the fourth quarter. S&CO Inc. now owns 17,000 shares of the utilities provider’s stock worth $243,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Arizona State Retirement System grew its position in shares of AES by 0.5% during the second quarter. Arizona State Retirement System now owns 196,758 shares of the utilities provider’s stock worth $2,884,000 after acquiring an additional 1,033 shares during the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Stock Performance

Shares of NYSE AES opened at $14.81 on Wednesday. The stock’s fifty day simple moving average is $14.75 and its 200 day simple moving average is $14.65. The stock has a market capitalization of $10.57 billion, a price-to-earnings ratio of 5.65 and a beta of 0.97. The company has a quick ratio of 0.67, a current ratio of 0.75 and a debt-to-equity ratio of 2.93. The AES Corporation has a 52-week low of $12.33 and a 52-week high of $17.65.

AES (NYSE:AES) last announced its earnings results on Tuesday, August 4th. The utilities provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.45 by $0.15. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.11 billion. AES had a return on equity of 20.69% and a net margin of 14.30%. As a group, sell-side analysts forecast that The AES Corporation will post 2.23 earnings per share for the current fiscal year.

AES Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a $0.176 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Friday, July 31st. AES’s dividend payout ratio (DPR) 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 note on Monday, August 17th. Eight equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.