Public Employees Retirement System of Ohio Acquires New Shares in The AES Corporation $AES

Public Employees Retirement System of Ohio acquired a new position in The AES Corporation (NYSE:AES) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 269,151 shares of the utilities provider’s stock, valued at approximately $3,946,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PenderFund Capital Management Ltd. bought a new position in shares of AES during the 2nd quarter valued at $408,000. Redwood Investment Management LLC purchased a new stake in AES during the second quarter valued at $826,000. Corient Private Wealth LP purchased a new stake in AES during the second quarter valued at $1,413,000. Pentwater Capital Management LP bought a new position in AES in the second quarter valued at about $7,330,000. Finally, Bank of America Corp DE bought a new stake in shares of AES during the 2nd quarter valued at about $80,584,000. Institutional investors own 93.13% of the company’s stock.

AES Price Performance

NYSE AES opened at $14.80 on Friday. The AES Corporation has a 52 week low of $12.33 and a 52 week high of $17.65. 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 company has a market capitalization of $10.56 billion, a P/E ratio of 5.65 and a beta of 0.97. The stock’s 50-day moving average price is $14.74 and its 200-day moving average price is $14.68.

AES (NYSE:AES) last announced its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.11 billion. On average, equities research analysts predict that The AES Corporation will post 2.23 earnings per share for the current year.

AES Announces Dividend

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

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of AES from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. 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 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.