Federated Hermes Inc. Has $1.66 Million Position in The AES Co. (NYSE:AES)

Federated Hermes Inc. trimmed its holdings in shares of The AES Co. (NYSE:AES) by 25.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 94,602 shares of the utilities provider’s stock after selling 32,736 shares during the quarter. Federated Hermes Inc.’s holdings in AES were worth $1,662,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC boosted its holdings in shares of AES by 92.4% during the 2nd quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 720 shares in the last quarter. Rothschild Investment LLC bought a new stake in AES in the 2nd quarter valued at about $28,000. UMB Bank n.a. lifted its stake in shares of 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 buying an additional 898 shares in the last quarter. Riverview Trust Co bought a new position in shares of AES in the first quarter valued at approximately $33,000. Finally, nVerses Capital LLC purchased a new position in AES during the second quarter worth about $33,000. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Price Performance

Shares of AES opened at $18.90 on Friday. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.97 and a quick ratio of 0.91. The AES Co. has a 1-year low of $11.43 and a 1-year high of $22.21. The firm has a market capitalization of $13.43 billion, a PE ratio of 26.25 and a beta of 1.07. The company’s fifty day moving average price is $17.40 and its 200-day moving average price is $18.00.

AES (NYSE:AES) last posted its quarterly earnings data 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 business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.22 billion. AES had a net margin of 6.07% and a return on equity of 32.74%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. On average, equities research analysts predict that The AES Co. will post 1.91 EPS for the current year.

AES Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 3.65%. The ex-dividend date was Thursday, August 1st. AES’s payout ratio is 95.83%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Barclays cut 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. Evercore ISI upgraded shares of AES to a “strong-buy” rating in a report on Wednesday. Finally, Jefferies Financial Group started coverage on AES in a report on Wednesday, September 11th. They set a “buy” rating and a $20.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.50.

AES Profile

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.