Pentwater Capital Management LP Takes $7.33 Million Position in The AES Corporation $AES

Pentwater Capital Management LP bought a new position in shares of The AES Corporation (NYSE:AES) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 500,000 shares of the utilities provider’s stock, valued at approximately $7,330,000.

Other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC grew its holdings 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 buying an additional 2,038 shares in the last quarter. Burnham & Co LLC bought a new position in shares of AES in the second quarter valued at approximately $44,000. Los Angeles Capital Management LLC bought a new position in AES in the 4th quarter worth about $42,000. EverSource Wealth Advisors LLC lifted its holdings in shares of AES by 61.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,296 shares of the utilities provider’s stock worth $75,000 after acquiring an additional 2,006 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new position in AES during the first quarter valued at approximately $78,000. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Stock Performance

Shares of AES stock opened at $14.73 on Thursday. The firm has a market capitalization of $10.51 billion, a PE ratio of 5.62 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 52 week low of $12.33 and a 52 week high of $17.65. The company has a 50 day moving average price of $14.73 and a 200-day moving average price of $14.74.

AES (NYSE:AES) last issued its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.15. AES had a net margin of 14.30% and a return on equity of 20.69%. The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.11 billion. As a group, equities research analysts expect that The AES Corporation will post 2.27 earnings per share for the current year.

AES Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a dividend of $0.176 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.8%. AES’s dividend payout ratio (DPR) is 26.72%.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of AES from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. Eight equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.71.

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.