Commerzbank Aktiengesellschaft FI Purchases New Shares in The AES Corporation $AES

Commerzbank Aktiengesellschaft FI acquired a new stake in shares of The AES Corporation (NYSE:AES) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 195,390 shares of the utilities provider’s stock, valued at approximately $2,864,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dorsey & Whitney Trust CO LLC boosted its stake in shares of AES by 4.8% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 14,658 shares of the utilities provider’s stock valued at $210,000 after purchasing an additional 671 shares in the last quarter. New Mexico Educational Retirement Board raised its stake in AES by 2.5% in the fourth quarter. New Mexico Educational Retirement Board now owns 32,922 shares of the utilities provider’s stock worth $472,000 after buying an additional 800 shares in the last quarter. Zions Bancorporation National Association UT lifted its holdings in AES by 3.1% in the fourth quarter. Zions Bancorporation National Association UT now owns 28,581 shares of the utilities provider’s stock worth $410,000 after buying an additional 852 shares during the period. S&CO Inc. boosted its position in AES by 6.2% during the 4th quarter. S&CO Inc. now owns 17,000 shares of the utilities provider’s stock valued at $243,000 after acquiring an additional 1,000 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings 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 during the period. 93.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of AES in a research report on Monday, June 1st. Eight investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, AES has a consensus rating of “Hold” and a consensus target price of $15.71.

AES Price Performance

AES opened at $14.75 on Tuesday. The AES Corporation has a 1 year low of $12.33 and a 1 year high of $17.65. The stock has a 50-day moving average price of $14.71 and a 200-day moving average price of $14.77. The firm has a market cap of $10.52 billion, a PE ratio of 5.63 and a beta of 0.97. 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 released its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.15. The business had revenue of $3.42 billion during 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 predict that The AES Corporation will post 2.27 earnings per share for the current fiscal year.

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a $0.176 dividend. 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 payout ratio is presently 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.