Moore Capital Management LP Increases Stake in The AES Corporation $AES

Moore Capital Management LP increased its stake in The AES Corporation (NYSE:AES) by 26.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 340,407 shares of the utilities provider’s stock after acquiring an additional 70,407 shares during the period. Moore Capital Management LP’s holdings in AES were worth $4,990,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of AES in the 2nd quarter worth approximately $722,429,000. Bank of New York Mellon Corp bought a new stake in shares of AES during the second quarter valued at approximately $97,056,000. FNY Investment Advisers LLC grew its stake in AES by 49,950.0% in the second quarter. FNY Investment Advisers LLC now owns 100,100 shares of the utilities provider’s stock worth $1,467,000 after purchasing an additional 99,900 shares during the period. Kryger Capital LLC bought a new position in AES in the first quarter worth $31,702,000. Finally, Energy Income Partners LLC purchased a new position in AES during the second quarter valued at $27,080,000. 93.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

AES Stock Up 0.1%

Shares of NYSE:AES opened at $14.75 on Tuesday. The AES Corporation has a 12-month low of $12.33 and a 12-month high of $17.65. The stock has a market capitalization of $10.52 billion, a price-to-earnings ratio of 5.63 and a beta of 0.97. The stock has a fifty day simple moving average of $14.73 and a two-hundred day simple moving average of $14.71. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 2.93.

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

AES Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors 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 annualized dividend and a dividend 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.