GSA Capital Partners LLP Acquires 9,102 Shares of The AES Corporation (NYSE:AES)

GSA Capital Partners LLP increased its holdings in shares of The AES Corporation (NYSE:AES) by 8.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 116,871 shares of the utilities provider’s stock after purchasing an additional 9,102 shares during the quarter. GSA Capital Partners LLP’s holdings in AES were worth $1,452,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of AES. Optiver Holding B.V. boosted its position in AES by 79.5% during the 4th quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 1,201 shares during the last quarter. Garde Capital Inc. acquired a new position in AES during the 1st quarter worth approximately $35,000. CVA Family Office LLC boosted its position in AES by 200.6% during the 1st quarter. CVA Family Office LLC now owns 3,250 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 2,169 shares during the last quarter. McIlrath & Eck LLC boosted its position in AES by 760.4% during the 4th quarter. McIlrath & Eck LLC now owns 3,347 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 2,958 shares during the last quarter. Finally, Rothschild Investment LLC boosted its position in AES by 235.4% during the 1st quarter. Rothschild Investment LLC now owns 3,595 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 2,523 shares during the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Stock Down 0.5%

AES stock opened at $13.44 on Wednesday. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.84 and a quick ratio of 0.78. The stock has a market capitalization of $9.57 billion, a price-to-earnings ratio of 7.31, a PEG ratio of 1.82 and a beta of 0.95. The business’s fifty day moving average price is $11.40 and its two-hundred day moving average price is $11.25. The AES Corporation has a fifty-two week low of $9.46 and a fifty-two week high of $20.30.

AES (NYSE:AES) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.10). AES had a return on equity of 18.06% and a net margin of 10.67%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. On average, equities analysts anticipate that The AES Corporation will post 1.93 earnings per share for the current year.

AES Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date is Friday, August 1st. AES’s dividend payout ratio is presently 38.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on AES from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 22nd. HSBC cut their price objective on AES from $15.00 to $14.00 in a report on Monday, May 5th. Jefferies Financial Group downgraded AES from a “hold” rating to an “underperform” rating and cut their price objective for the company from $10.00 to $9.00 in a report on Tuesday, May 20th. Susquehanna increased their price objective on AES from $15.00 to $16.00 and gave the company a “positive” rating in a report on Monday, July 21st. Finally, Barclays increased their price objective on AES from $12.00 to $14.00 and gave the company an “overweight” rating in a report on Tuesday, July 22nd. Three analysts have rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, AES currently has an average rating of “Moderate Buy” and a consensus price target of $24.67.

About AES

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.