Kapitalo Investimentos Ltda Makes New $9.07 Million Investment in The AES Corporation $AES

Kapitalo Investimentos Ltda bought a new stake in shares of The AES Corporation (NYSE:AES) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 618,623 shares of the utilities provider’s stock, valued at approximately $9,069,000. AES comprises 0.6% of Kapitalo Investimentos Ltda’s holdings, making the stock its 24th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in AES. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of AES by 6.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,745 shares of the utilities provider’s stock valued at $854,000 after buying an additional 3,936 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of AES by 259.7% in the 1st quarter. Jones Financial Companies Lllp now owns 54,407 shares of the utilities provider’s stock worth $675,000 after purchasing an additional 39,283 shares during the last quarter. United Services Automobile Association bought a new position in AES during the 1st quarter worth $190,000. Empowered Funds LLC lifted its stake in AES by 763.3% in the first quarter. Empowered Funds LLC now owns 146,851 shares of the utilities provider’s stock valued at $1,824,000 after buying an additional 129,841 shares during the last quarter. Finally, Woodline Partners LP grew its position in shares of AES by 40.7% during the first quarter. Woodline Partners LP now owns 60,072 shares of the utilities provider’s stock worth $746,000 after acquiring an additional 17,372 shares during the last quarter. Institutional investors own 93.13% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of AES from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. Eight equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.71.

AES Price Performance

NYSE AES opened at $14.72 on Wednesday. The AES Corporation has a 12 month low of $12.33 and a 12 month high of $17.65. The firm has a market capitalization of $10.51 billion, a PE ratio of 5.62 and a beta of 0.97. The company’s 50 day simple moving average is $14.72 and its 200 day simple moving average is $14.75. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.75 and a quick ratio of 0.67.

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

AES Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Friday, July 31st. AES’s dividend payout ratio (DPR) is presently 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.