Greenland Capital Management LP Buys Shares of 153,233 The AES Corporation $AES

Greenland Capital Management LP purchased a new position in The AES Corporation (NYSE:AES) in the second quarter, HoldingsChannel reports. The institutional investor purchased 153,233 shares of the utilities provider’s stock, valued at approximately $2,246,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Commerce Bank purchased a new position in AES in the second quarter worth $313,000. Northwestern Mutual Wealth Management Co. purchased a new stake in AES during the second quarter valued at about $423,000. Quantbot Technologies LP purchased a new stake in AES during the second quarter valued at about $2,925,000. Rakuten Securities Inc. bought a new stake in AES during the second quarter worth about $104,000. Finally, Ieq Capital LLC purchased a new position in shares of AES in the 2nd quarter worth about $3,332,000. Hedge funds and other institutional investors own 93.13% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised 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, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.71.

AES Stock Performance

Shares of AES stock opened at $14.77 on Friday. The business has a 50-day moving average of $14.72 and a 200 day moving average of $14.76. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.75 and a quick ratio of 0.67. The AES Corporation has a 1-year low of $12.33 and a 1-year high of $17.65. The stock has a market capitalization of $10.54 billion, a PE ratio of 5.64 and a beta of 0.97.

AES (NYSE:AES) last announced its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.15. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.11 billion. AES had a return on equity of 20.69% and a net margin of 14.30%. As a group, sell-side analysts anticipate that The AES Corporation will post 2.27 earnings per share for the current year.

AES Announces Dividend

The company also recently declared 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 is currently 26.72%.

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.