Polar Asset Management Partners Inc. Takes Position in The AES Corporation $AES

Polar Asset Management Partners Inc. purchased a new position in The AES Corporation (NYSE:AES) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,116,960 shares of the utilities provider’s stock, valued at approximately $16,375,000. Polar Asset Management Partners Inc. owned about 0.16% of AES at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Horizon Investments LLC raised its holdings in AES by 4,710.9% in the fourth quarter. Horizon Investments LLC now owns 542,528 shares of the utilities provider’s stock worth $7,780,000 after buying an additional 531,251 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of AES during the second quarter valued at approximately $722,429,000. FNY Investment Advisers LLC increased its position 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 valued at $1,467,000 after acquiring an additional 99,900 shares in the last quarter. Kryger Capital LLC purchased a new position in AES in the 1st quarter worth approximately $31,702,000. Finally, Energy Income Partners LLC purchased a new position in AES in the 2nd quarter worth approximately $27,080,000. 93.13% of the stock is owned by hedge funds and other institutional investors.

AES Trading Down 0.2%

Shares of AES stock opened at $14.72 on Wednesday. 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 AES Corporation has a 12-month low of $12.33 and a 12-month high of $17.65. The stock has a market capitalization of $10.51 billion, a P/E ratio of 5.62 and a beta of 0.97. The firm’s 50 day moving average is $14.72 and its 200 day moving average is $14.75.

AES (NYSE:AES) last released its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.15. The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.11 billion. AES had a return on equity of 20.69% and a net margin of 14.30%. Research analysts expect that The AES Corporation will post 2.27 earnings per share for the current year.

AES Announces Dividend

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

Analyst Ratings Changes

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, Based on data from MarketBeat.com, AES presently has a consensus rating of “Hold” and an average target price of $15.71.

About AES

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.