Chase Investment Counsel Corp Makes New Investment in The AES Corporation $AES

Chase Investment Counsel Corp acquired a new stake in The AES Corporation (NYSE:AES) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 39,675 shares of the utilities provider’s stock, valued at approximately $581,000.

A number of other hedge funds have also recently made changes to their positions in the business. Flputnam Investment Management Co. purchased a new position in AES in the 2nd quarter worth approximately $1,739,000. Global Retirement Partners LLC purchased a new stake in AES during the 2nd quarter valued at approximately $219,000. Alberta Investment Management Corp bought a new stake in shares of AES during the second quarter valued at approximately $466,000. Bank of New York Mellon Corp purchased a new position in shares of AES in the second quarter worth $97,056,000. Finally, Focus Partners Advisor Solutions LLC purchased a new position in AES during the second quarter valued at $292,000. Institutional investors own 93.13% of the company’s stock.

Analysts Set New Price Targets

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

AES Stock Up 0.0%

Shares of NYSE AES opened at $14.73 on Monday. 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 firm’s 50-day moving average price is $14.71 and its 200-day moving average price is $14.77. The stock has a market capitalization of $10.51 billion, a price-to-earnings ratio of 5.62 and a beta of 0.97.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a dividend of $0.176 per share. The ex-dividend date 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 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.