199,527 Shares in The AES Corporation $AES Bought by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in shares of The AES Corporation (NYSE:AES) during the second quarter, Holdings Channel reports. The institutional investor bought 199,527 shares of the utilities provider’s stock, valued at approximately $2,925,000.

Other large investors also recently modified their holdings of the company. Rakuten Securities Inc. acquired a new stake in AES during the second quarter worth about $104,000. Ieq Capital LLC bought a new position in shares of AES during the second quarter valued at approximately $3,332,000. Burnham & Co LLC bought a new position in shares of AES during the second quarter valued at approximately $44,000. Allworth Financial LP acquired a new stake in shares of AES during the 2nd quarter worth approximately $269,000. Finally, Vise Technologies Inc. bought a new stake in shares of AES in the 2nd quarter worth approximately $1,262,000. 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 research note on Monday, August 17th. Eight research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $15.71.

AES Stock Performance

AES stock opened at $14.77 on Monday. The AES Corporation has a 52-week low of $12.33 and a 52-week 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 capitalization of $10.54 billion, a price-to-earnings ratio of 5.64 and a beta of 0.97. The firm has a 50-day moving average price of $14.72 and a two-hundred day moving average price of $14.76.

AES (NYSE:AES) last announced its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.45 by $0.15. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.11 billion. AES had a net margin of 14.30% and a return on equity of 20.69%. Sell-side analysts expect that The AES Corporation will post 2.27 earnings per share for the current 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 given a $0.176 dividend. 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 (DPR) is currently 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.