Invst LLC Makes New Investment in The AES Corporation $AES

Invst LLC purchased a new stake in shares of The AES Corporation (NYSE:AES) during the second quarter, Holdings Channel reports. The fund purchased 49,572 shares of the utilities provider’s stock, valued at approximately $727,000.

Other large investors have also recently bought and sold shares of the company. Root Financial Partners LLC increased its position in 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 buying an additional 2,038 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of AES in the fourth quarter worth about $42,000. Burnham & Co LLC bought a new stake in shares of AES during the 2nd quarter worth about $44,000. EverSource Wealth Advisors LLC boosted its stake in shares of AES by 61.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,296 shares of the utilities provider’s stock worth $75,000 after acquiring an additional 2,006 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new position in shares of AES during the 1st quarter valued at about $78,000. 93.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

AES Stock Down 0.2%

Shares of AES stock 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 company has a quick ratio of 0.67, a current ratio of 0.75 and a debt-to-equity ratio of 2.93. The firm has a market cap of $10.51 billion, a PE ratio of 5.62 and a beta of 0.97. The stock has a 50 day moving average of $14.72 and a 200-day moving average of $14.75.

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

AES Announces Dividend

The business also recently disclosed 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 currently 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.