Great Lakes Advisors LLC Acquires New Shares in The AES Corporation $AES

Great Lakes Advisors LLC bought a new stake in shares of The AES Corporation (NYSE:AES) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 198,893 shares of the utilities provider’s stock, valued at approximately $2,916,000.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in AES in the 2nd quarter worth about $722,429,000. SG Americas Securities LLC lifted its holdings in shares of AES by 99.8% in the first quarter. SG Americas Securities LLC now owns 14,280,668 shares of the utilities provider’s stock worth $201,215,000 after buying an additional 7,133,230 shares in the last quarter. Sound Shore Management Inc. CT boosted its position in shares of AES by 17.0% in 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 acquiring an additional 1,002,530 shares during the period. Bank of New York Mellon Corp purchased a new position in AES during the second quarter valued at approximately $97,056,000. Finally, Deutsche Bank AG purchased a new stake in AES in the 2nd quarter worth approximately $35,158,000. 93.13% of the stock is owned by institutional investors.

AES Stock Performance

NYSE AES opened at $14.76 on Friday. The company has a market capitalization of $10.53 billion, a P/E 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 AES Corporation has a 52-week low of $12.33 and a 52-week high of $17.65. The company has a fifty day moving average of $14.72 and a 200-day moving average of $14.76.

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

AES Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded AES from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Eight investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.71.

AES Company 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.