One Capital Management LLC Makes New $195,000 Investment in The AES Co. (NYSE:AES)

One Capital Management LLC bought a new position in shares of The AES Co. (NYSE:AES) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,125 shares of the utilities provider’s stock, valued at approximately $195,000.

Several other hedge funds have also modified their holdings of the stock. Rise Advisors LLC lifted its holdings in AES by 92.4% during the 2nd quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock worth $26,000 after buying an additional 720 shares in the last quarter. Rothschild Investment LLC acquired a new position in AES in the second quarter valued at approximately $28,000. UMB Bank n.a. boosted its stake in AES by 102.3% in the second quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 898 shares during the last quarter. Riverview Trust Co acquired a new stake in AES during the 1st quarter worth $33,000. Finally, nVerses Capital LLC bought a new stake in shares of AES during the 2nd quarter valued at $33,000. 93.13% of the stock is owned by institutional investors.

AES Stock Up 0.1 %

Shares of AES stock opened at $19.26 on Thursday. The AES Co. has a 12-month low of $11.43 and a 12-month high of $22.21. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 3.63. The firm has a fifty day moving average of $17.37 and a 200-day moving average of $17.98. The company has a market capitalization of $13.69 billion, a price-to-earnings ratio of 26.75 and a beta of 1.07.

AES (NYSE:AES) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.22 billion. AES had a return on equity of 32.74% and a net margin of 6.07%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. As a group, equities research analysts predict that The AES Co. will post 1.91 earnings per share for the current fiscal year.

AES Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a dividend of $0.1725 per share. The ex-dividend date was Thursday, August 1st. This represents a $0.69 annualized dividend and a dividend yield of 3.58%. AES’s dividend payout ratio is currently 95.83%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AES shares. Jefferies Financial Group initiated coverage on AES in a research note on Wednesday, September 11th. They set a “buy” rating and a $20.00 price objective for the company. Barclays lowered their price target on AES from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

About AES

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.