153,693 Shares in The AES Corporation $AES Bought by DLD Asset Management LP

DLD Asset Management LP purchased a new stake in shares of The AES Corporation (NYSE:AES) during the second quarter, HoldingsChannel reports. The fund purchased 153,693 shares of the utilities provider’s stock, valued at approximately $2,253,000.

Several other large investors have also made changes to their positions in AES. Root Financial Partners LLC grew its position in shares of AES by 259.9% during the first quarter. Root Financial Partners LLC now owns 2,822 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 2,038 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in AES in the 4th quarter worth approximately $42,000. Burnham & Co LLC bought a new position in AES in the 2nd quarter worth approximately $44,000. EverSource Wealth Advisors LLC boosted its stake in AES by 61.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,296 shares of the utilities provider’s stock worth $75,000 after purchasing an additional 2,006 shares during the period. Finally, Sound Income Strategies LLC purchased a new stake in AES during the 1st quarter valued at approximately $78,000. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

AES Stock Performance

Shares of AES stock opened at $14.77 on Monday. 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 stock has a market capitalization of $10.54 billion, a price-to-earnings ratio of 5.64 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 stock’s 50-day moving average price is $14.72 and its 200-day moving average price is $14.76.

AES (NYSE:AES) last announced its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.15. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.11 billion. AES had a return on equity of 20.69% and a net margin of 14.30%. Equities research analysts predict that The AES Corporation will post 2.27 EPS for the current fiscal year.

AES Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Friday, July 31st. AES’s dividend payout ratio is currently 26.72%.

AES Company 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.