The AES Corporation $AES Shares Acquired by FNY Investment Advisers LLC

FNY Investment Advisers LLC increased its stake in shares of The AES Corporation (NYSE:AES) by 49,950.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,100 shares of the utilities provider’s stock after buying an additional 99,900 shares during the quarter. FNY Investment Advisers LLC’s holdings in AES were worth $1,467,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AES. Root Financial Partners LLC increased its holdings in shares of AES by 259.9% in the first quarter. Root Financial Partners LLC now owns 2,822 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 2,038 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of AES during the fourth quarter worth $42,000. EverSource Wealth Advisors LLC lifted its holdings in shares of AES by 61.0% during the first 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. Sound Income Strategies LLC purchased a new position in AES in the 1st quarter valued at $78,000. Finally, CoreCap Advisors LLC increased its stake in AES by 158.4% in the 2nd quarter. CoreCap Advisors LLC now owns 6,277 shares of the utilities provider’s stock valued at $92,000 after buying an additional 3,848 shares during the period. 93.13% of the stock is owned by hedge funds and other institutional investors.

AES Trading Up 0.2%

Shares of AES stock opened at $14.72 on Friday. The business’s fifty day moving average price is $14.71 and its 200 day moving average price is $14.75. The firm has a market capitalization of $10.51 billion, a PE ratio of 7.87 and a beta of 0.97. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.75 and a quick ratio of 0.65. The AES Corporation has a 1-year low of $12.33 and a 1-year high of $17.65.

AES (NYSE:AES) last released its earnings results on Tuesday, May 5th. The utilities provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.18. AES had a return on equity of 21.49% and a net margin of 14.30%.The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.11 billion. As a group, sell-side analysts forecast that The AES Corporation will post 2.27 EPS for the current fiscal year.

AES Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be issued a dividend of $0.176 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $0.70 dividend on an annualized basis and a yield of 4.8%. AES’s payout ratio is currently 37.43%.

Analysts Set New Price Targets

Several analysts have recently weighed in on AES shares. Susquehanna downgraded shares of AES from a “positive” rating to a “neutral” rating and lowered their target price for the company from $16.00 to $15.00 in a report on Thursday, April 9th. Weiss Ratings reissued a “hold (c)” rating on shares of AES in a report on Monday, June 1st. Eight investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.