Tidal Investments LLC Buys 189,691 Shares of The AES Corporation $AES

Tidal Investments LLC raised its stake in shares of The AES Corporation (NYSE:AES) by 188.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 290,604 shares of the utilities provider’s stock after buying an additional 189,691 shares during the quarter. Tidal Investments LLC’s holdings in AES were worth $4,260,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. WINTON GROUP Ltd boosted its stake in AES by 17.3% in the 2nd quarter. WINTON GROUP Ltd now owns 1,828,033 shares of the utilities provider’s stock worth $26,799,000 after purchasing an additional 269,008 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in AES by 531.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 64,594 shares of the utilities provider’s stock valued at $947,000 after purchasing an additional 54,370 shares in the last quarter. Maven Securities LTD raised its holdings in AES by 310.8% in the second quarter. Maven Securities LTD now owns 390,700 shares of the utilities provider’s stock worth $5,728,000 after buying an additional 295,600 shares during the last quarter. Allworth Financial LP lifted its stake in shares of AES by 205.8% in the second quarter. Allworth Financial LP now owns 18,365 shares of the utilities provider’s stock worth $269,000 after buying an additional 12,359 shares in the last quarter. Finally, Arizona State Retirement System increased 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 valued at $2,884,000 after acquiring an additional 1,033 shares in the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded AES from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. Eight investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, AES currently has an average rating of “Hold” and a consensus price target of $15.71.

AES Price Performance

AES opened at $14.80 on Tuesday. The company’s 50-day simple moving average is $14.76 and its two-hundred day simple moving average is $14.60. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.67 and a current ratio of 0.75. The stock has a market capitalization of $10.56 billion, a P/E ratio of 5.65 and a beta of 0.97. The AES Corporation has a 52-week low of $12.33 and a 52-week high of $17.65.

AES (NYSE:AES) last released its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.15. The firm had revenue of $3.42 billion for 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, analysts predict that The AES Corporation will post 2.23 EPS for the current year.

AES Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued 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 is currently 26.72%.

AES Company Profile

The AES Corporation (NYSE: AES) is a global energy company that develops, owns and operates electricity generation and distribution businesses. Its portfolio includes renewable energy projects, natural gas and other power-generation facilities, battery energy storage systems, and utility operations. AES serves utilities, commercial and industrial customers, and other energy users through long-term power supply arrangements and related services.

The company has increasingly focused on renewable energy and energy infrastructure, including solar, wind and storage projects designed to support the transition to lower-carbon electricity systems.