Vise Technologies Inc. Buys Shares of 86,059 The AES Corporation $AES

Vise Technologies Inc. purchased a new position in shares of The AES Corporation (NYSE:AES) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 86,059 shares of the utilities provider’s stock, valued at approximately $1,262,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Horizon Investments LLC raised its position in AES by 4,710.9% during the fourth quarter. Horizon Investments LLC now owns 542,528 shares of the utilities provider’s stock worth $7,780,000 after acquiring an additional 531,251 shares during the last quarter. FNY Investment Advisers LLC grew its position in shares of AES by 49,950.0% in the second quarter. FNY Investment Advisers LLC now owns 100,100 shares of the utilities provider’s stock valued at $1,467,000 after purchasing an additional 99,900 shares during the last quarter. Kryger Capital LLC acquired a new stake in shares of AES in the first quarter valued at approximately $31,702,000. Energy Income Partners LLC purchased a new position in shares of AES during the 2nd quarter worth approximately $27,080,000. Finally, Great Lakes Advisors LLC acquired a new position in shares of AES during the 2nd quarter worth approximately $2,916,000. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.71.

AES Price Performance

AES stock opened at $14.77 on Friday. The company has a 50 day moving average price of $14.72 and a two-hundred day moving average price of $14.76. 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 stock has a market capitalization of $10.54 billion, a P/E ratio of 5.64 and a beta of 0.97. The AES Corporation has a one year low of $12.33 and a one year high of $17.65.

AES (NYSE:AES) last issued its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 20.69% and a net margin of 14.30%. As a group, sell-side analysts expect that The AES Corporation will post 2.27 EPS for the current year.

AES Dividend Announcement

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