Mitsubishi UFJ Asset Management Co. Ltd. Makes New $13.37 Million Investment in The AES Corporation $AES

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in The AES Corporation (NYSE:AES) in the second quarter, Holdings Channel.com reports. The firm purchased 911,639 shares of the utilities provider’s stock, valued at approximately $13,365,000.

Several other large investors have also made changes to their positions in AES. Root Financial Partners LLC grew its position in shares of AES by 259.9% during the first quarter. Root Financial Partners LLC now owns 2,822 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 2,038 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in AES in the 4th quarter worth approximately $42,000. EverSource Wealth Advisors LLC boosted its stake in AES by 61.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,296 shares of the utilities provider’s stock worth $75,000 after purchasing an additional 2,006 shares during the period. Sound Income Strategies LLC bought a new position in AES in the 1st quarter worth approximately $78,000. Finally, Clearstead Trust LLC purchased a new stake in AES during the 2nd quarter valued at approximately $91,000. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of AES from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Eight equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $15.71.

AES Price Performance

Shares of AES stock opened at $14.76 on Friday. The stock has a market cap of $10.53 billion, a price-to-earnings ratio of 5.63 and a beta of 0.97. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.67 and a current ratio of 0.75. The stock has a 50 day moving average price of $14.72 and a 200-day moving average price of $14.76. The AES Corporation has a one year low of $12.33 and a one year high of $17.65.

AES (NYSE:AES) last posted its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.15. AES had a net margin of 14.30% and a return on equity of 20.69%. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.11 billion. Equities analysts expect that The AES Corporation will post 2.27 EPS for the current year.

AES Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.8%. AES’s dividend payout ratio is presently 26.72%.

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.