Jupiter Topco LLC Purchases Shares of 1,524,008 The AES Corporation $AES

Jupiter Topco LLC bought a new position in shares of The AES Corporation (NYSE:AES) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,524,008 shares of the utilities provider’s stock, valued at approximately $22,304,000.

Other large investors also recently bought and sold shares of the company. Horizon Investments LLC grew its stake in AES by 4,710.9% in the fourth quarter. Horizon Investments LLC now owns 542,528 shares of the utilities provider’s stock valued at $7,780,000 after purchasing an additional 531,251 shares in the last quarter. BlackRock Inc. acquired a new position in shares of AES in the second quarter valued at $722,429,000. Bank of New York Mellon Corp acquired a new position in AES in the 2nd quarter valued at about $97,056,000. FNY Investment Advisers LLC increased its stake in shares of AES by 49,950.0% during the second quarter. FNY Investment Advisers LLC now owns 100,100 shares of the utilities provider’s stock worth $1,467,000 after purchasing an additional 99,900 shares during the period. Finally, Kryger Capital LLC bought a new position in AES during the 1st quarter worth $31,702,000. Hedge funds and other institutional investors own 93.13% of the company’s stock.

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, AES presently has a consensus rating of “Hold” and an average target price of $15.71.

AES Price Performance

Shares of NYSE:AES opened at $14.73 on Friday. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.75 and a quick ratio of 0.67. The AES Corporation has a one year low of $12.33 and a one year high of $17.65. The company has a market cap of $10.51 billion, a price-to-earnings ratio of 5.62 and a beta of 0.97. The firm has a 50 day simple moving average of $14.73 and a 200 day simple moving average of $14.73.

AES (NYSE:AES) last issued its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.15. The business had revenue of $3.42 billion for 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%. Research analysts predict that The AES Corporation will post 2.27 earnings per share for the current fiscal year.

AES Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.70 annualized dividend and a dividend yield of 4.8%. AES’s 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.