83,825 Shares in The AES Corporation $AES Acquired by NINE MASTS CAPITAL Ltd

NINE MASTS CAPITAL Ltd purchased a new stake in shares of The AES Corporation (NYSE:AES) in the second quarter, Holdings Channel.com reports. The fund purchased 83,825 shares of the utilities provider’s stock, valued at approximately $1,229,000.

Several other institutional investors have also recently bought and sold shares of AES. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of AES by 6.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,745 shares of the utilities provider’s stock valued at $854,000 after buying an additional 3,936 shares in the last quarter. Jones Financial Companies Lllp lifted its position in AES by 259.7% during the 1st quarter. Jones Financial Companies Lllp now owns 54,407 shares of the utilities provider’s stock worth $675,000 after buying an additional 39,283 shares in the last quarter. United Services Automobile Association bought a new stake in AES during the 1st quarter worth about $190,000. Empowered Funds LLC increased its position in AES by 763.3% in the 1st quarter. Empowered Funds LLC now owns 146,851 shares of the utilities provider’s stock valued at $1,824,000 after acquiring an additional 129,841 shares in the last quarter. Finally, Woodline Partners LP raised its stake in shares of AES by 40.7% in the first quarter. Woodline Partners LP now owns 60,072 shares of the utilities provider’s stock worth $746,000 after acquiring an additional 17,372 shares during the last quarter. Institutional investors own 93.13% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AES in a report on Monday, June 1st. Eight research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, AES currently has an average rating of “Hold” and a consensus price target of $15.71.

AES Price Performance

Shares of AES stock opened at $14.75 on Tuesday. The firm’s 50 day moving average price is $14.71 and its two-hundred day moving average price is $14.77. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.67 and a current ratio of 0.75. The AES Corporation has a 52-week low of $12.33 and a 52-week high of $17.65. The stock has a market cap of $10.52 billion, a PE ratio of 5.63 and a beta of 0.97.

AES (NYSE:AES) last posted its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share 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 for the quarter, compared to the consensus estimate of $3.11 billion. As a group, analysts forecast that The AES Corporation will post 2.27 EPS for the current year.

AES Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued 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 yield of 4.8%. AES’s dividend payout ratio (DPR) is 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.