One Capital Management LLC bought a new position in shares of The AES Co. (NYSE:AES – Free Report) 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 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.
View Our Latest Analysis on AES
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.
Featured Stories
- Five stocks we like better than AES
- What is Insider Trading? What You Can Learn from Insider Trading
- How Much Can You Make in Stocks in One Month?
- Buy P&G Now, Before It Sets A New All-Time High
- This Is the Top Large-Cap Stock Insiders Are Buying
- Stock Average Calculator
- Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside
Want to see what other hedge funds are holding AES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The AES Co. (NYSE:AES – Free Report).
Receive News & Ratings for AES Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AES and related companies with MarketBeat.com's FREE daily email newsletter.