227,290 Shares in The AES Corporation $AES Purchased by Ieq Capital LLC

Ieq Capital LLC bought a new stake in shares of The AES Corporation (NYSE:AES) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 227,290 shares of the utilities provider’s stock, valued at approximately $3,332,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Horizon Investments LLC boosted its stake in shares of 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 during the period. FNY Investment Advisers LLC lifted its holdings in AES by 49,950.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 100,100 shares of the utilities provider’s stock worth $1,467,000 after buying an additional 99,900 shares in the last quarter. BlackRock Inc. acquired a new stake in AES during the 2nd quarter worth approximately $722,429,000. Kryger Capital LLC acquired a new position in shares of AES in the first quarter worth $31,702,000. Finally, Energy Income Partners LLC purchased a new stake in shares of AES during the second quarter worth $27,080,000. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $15.71.

AES Price Performance

AES stock opened at $14.76 on Tuesday. 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 company has a fifty day simple moving average of $14.72 and a 200-day simple moving average of $14.75. The stock has a market cap of $10.53 billion, a P/E ratio of 5.63 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.

AES (NYSE:AES) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $0.60 EPS 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 analyst estimates of $3.11 billion. AES had a return on equity of 20.69% and a net margin of 14.30%. Equities analysts expect that The AES Corporation will post 2.27 EPS for the current fiscal year.

AES Announces Dividend

The firm 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 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, July 31st. AES’s dividend payout ratio (DPR) is 26.72%.

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.