Chase Investment Counsel Corp Acquires Shares of 39,675 The AES Corporation $AES

Chase Investment Counsel Corp bought a new position in The AES Corporation (NYSE:AES) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 39,675 shares of the utilities provider’s stock, valued at approximately $581,000.

A number of other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC raised its position in AES by 99.8% in the 1st quarter. SG Americas Securities LLC now owns 14,280,668 shares of the utilities provider’s stock worth $201,215,000 after purchasing an additional 7,133,230 shares during the period. Sound Shore Management Inc. CT boosted its position in shares of AES by 17.0% during the fourth quarter. Sound Shore Management Inc. CT now owns 6,898,342 shares of the utilities provider’s stock valued at $98,922,000 after buying an additional 1,002,530 shares during the period. Bank of New York Mellon Corp bought a new position in shares of AES during the second quarter valued at approximately $97,056,000. Kryger Capital LLC purchased a new stake in shares of AES in the first quarter worth approximately $31,702,000. Finally, Lazard Asset Management LLC lifted its stake in shares of AES by 247.6% during the 2nd quarter. Lazard Asset Management LLC now owns 968,333 shares of the utilities provider’s stock worth $10,185,000 after acquiring an additional 689,741 shares during the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of AES in a report on Monday, June 1st. Eight analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.71.

AES Trading Up 0.0%

Shares of AES opened at $14.73 on Monday. The firm has a market capitalization of $10.51 billion, a price-to-earnings ratio of 5.62 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 0.67. The AES Corporation has a 1-year low of $12.33 and a 1-year high of $17.65. The company has a 50-day moving average of $14.71 and a 200 day moving average of $14.77.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid 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 payout ratio is currently 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.