Cibc World Market Inc. Purchases Shares of 62,192 The AES Corporation $AES

Cibc World Market Inc. purchased a new position in The AES Corporation (NYSE:AES) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 62,192 shares of the utilities provider’s stock, valued at approximately $912,000.

Several other hedge funds have also recently modified their holdings of AES. BlackRock Inc. acquired a new stake in AES in the 2nd quarter worth approximately $722,429,000. SG Americas Securities LLC grew its position in AES by 99.8% during the 1st quarter. SG Americas Securities LLC now owns 14,280,668 shares of the utilities provider’s stock worth $201,215,000 after purchasing an additional 7,133,230 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in AES during the 2nd quarter valued at approximately $97,056,000. Deutsche Bank AG purchased a new position in shares of AES in the second quarter worth $35,158,000. Finally, Kryger Capital LLC acquired a new stake in shares of AES during the first quarter worth $31,702,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

Analysts Set New Price Targets

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 investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.71.

AES Stock Down 0.0%

Shares of AES stock opened at $14.72 on Friday. The stock has a 50 day moving average of $14.73 and a 200 day moving average of $14.73. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 2.93. The stock has a market cap of $10.51 billion, a P/E ratio of 5.62 and a beta of 0.97. The AES Corporation has a twelve month low of $12.33 and a twelve month high of $17.65.

AES (NYSE:AES) last released its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.45 by $0.15. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.11 billion. AES had a return on equity of 20.69% and a net margin of 14.30%. As a group, sell-side analysts expect that The AES Corporation will post 2.27 EPS for the current year.

AES Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.70 dividend on an annualized basis and a yield of 4.8%. AES’s dividend payout ratio is 26.72%.

About AES

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.