Great Lakes Advisors LLC Makes New $2.92 Million Investment in The AES Corporation $AES

Great Lakes Advisors LLC acquired a new stake in shares of The AES Corporation (NYSE:AES) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 198,893 shares of the utilities provider’s stock, valued at approximately $2,916,000.

A number of other hedge funds also recently bought and sold shares of AES. Horizon Investments LLC raised its holdings in shares of AES by 4,710.9% during the fourth quarter. Horizon Investments LLC now owns 542,528 shares of the utilities provider’s stock valued at $7,780,000 after acquiring an additional 531,251 shares in the last quarter. FNY Investment Advisers LLC lifted its position in shares of AES by 49,950.0% in the 2nd 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. Kryger Capital LLC bought a new stake in shares of AES during the 1st quarter valued at about $31,702,000. Energy Income Partners LLC purchased a new position in shares of AES during the second quarter valued at about $27,080,000. Finally, GSA Capital Partners LLP purchased a new position in shares of AES during the second quarter valued at about $4,015,000. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Stock Performance

AES stock opened at $14.76 on Friday. The AES Corporation has a twelve month low of $12.33 and a twelve month high of $17.65. 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 company has a market capitalization of $10.53 billion, a P/E ratio of 5.63 and a beta of 0.97. The stock’s 50 day moving average is $14.72 and its 200 day moving average is $14.76.

AES (NYSE:AES) last released its earnings results on Tuesday, August 4th. The utilities provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.45 by $0.15. AES had a return on equity of 20.69% and a net margin of 14.30%.The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.11 billion. On average, equities research analysts predict that The AES Corporation will post 2.27 earnings per share for the current fiscal year.

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were given a dividend of $0.176 per share. 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 26.72%.

Analyst Upgrades and Downgrades

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

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.