Deutsche Bank AG Acquires Shares of 2,398,205 The AES Corporation $AES

Deutsche Bank AG acquired a new stake in shares of The AES Corporation (NYSE:AES) during the 2nd quarter, HoldingsChannel reports. The firm acquired 2,398,205 shares of the utilities provider’s stock, valued at approximately $35,158,000.

A number of other hedge funds have also bought and sold shares of the business. Perigon Wealth Management LLC purchased a new position in AES in the second quarter valued at approximately $177,000. Commerzbank Aktiengesellschaft FI purchased a new position in AES during the second quarter worth about $2,864,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in AES in the 2nd quarter worth approximately $13,365,000. Chase Investment Counsel Corp purchased a new stake in AES during the second quarter valued at about $581,000. Finally, Flputnam Investment Management Co. purchased a new stake in AES in the second quarter worth approximately $1,739,000. 93.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

AES Price Performance

Shares of AES stock opened at $14.77 on Friday. The company has a market cap of $10.54 billion, a price-to-earnings ratio of 5.64 and a beta of 0.97. The company has a quick ratio of 0.67, a current ratio of 0.75 and a debt-to-equity ratio of 2.93. The AES Corporation has a twelve month low of $12.33 and a twelve month high of $17.65. The company’s 50 day moving average is $14.72 and its 200 day moving average is $14.76.

AES (NYSE:AES) last released its earnings results on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.15. AES had a return on equity of 20.69% and a net margin of 14.30%.The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.11 billion. Research analysts anticipate that The AES Corporation will post 2.27 EPS for the current year.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a yield of 4.8%. The ex-dividend date was Friday, July 31st. AES’s dividend payout ratio is presently 26.72%.

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.