Kryger Capital LLC Takes $31.70 Million Position in The AES Corporation $AES

Kryger Capital LLC bought a new position in The AES Corporation (NYSE:AES) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,250,000 shares of the utilities provider’s stock, valued at approximately $31,702,000. AES makes up about 2.2% of Kryger Capital LLC’s portfolio, making the stock its 15th largest holding.

Several other hedge funds have also made changes to their positions in the company. Root Financial Partners LLC boosted its position in AES by 259.9% during the first quarter. Root Financial Partners LLC now owns 2,822 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 2,038 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of AES in the fourth quarter valued at approximately $42,000. Sound Income Strategies LLC acquired a new stake in shares of AES in the first quarter worth $78,000. Canada Post Corp Registered Pension Plan boosted its holdings in shares of AES by 108.0% during the 4th quarter. Canada Post Corp Registered Pension Plan now owns 7,280 shares of the utilities provider’s stock worth $104,000 after buying an additional 3,780 shares during the period. Finally, Seven Mile Advisory acquired a new position in AES in the 3rd quarter valued at $140,000. Hedge funds and other institutional investors own 93.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AES shares. Weiss Ratings restated a “hold (c)” rating on shares of AES in a report on Monday, June 1st. Susquehanna cut AES from a “positive” rating to a “neutral” rating and cut their price objective for the stock from $16.00 to $15.00 in a research report on Thursday, April 9th. Eight research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $15.71.

AES Stock Up 0.0%

Shares of AES opened at $14.84 on Friday. The AES Corporation has a 12 month low of $12.33 and a 12 month high of $17.65. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 2.97. The company has a 50-day moving average price of $14.69 and a two-hundred day moving average price of $14.72. The stock has a market cap of $10.58 billion, a price-to-earnings ratio of 7.93 and a beta of 0.96.

AES (NYSE:AES) last announced its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.50 by $0.18. AES had a return on equity of 22.66% and a net margin of 10.78%.The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.11 billion. Equities analysts predict that The AES Corporation will post 2.27 EPS for the current fiscal year.

AES Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a dividend of $0.176 per share. The ex-dividend date is Friday, July 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.7%. AES’s dividend payout ratio (DPR) is 37.43%.

AES 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.