The AES Corporation $AES Shares Bought by R Squared Ltd

R Squared Ltd raised its holdings in shares of The AES Corporation (NYSE:AES) by 613.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,343 shares of the utilities provider’s stock after acquiring an additional 69,086 shares during the period. AES makes up about 0.6% of R Squared Ltd’s portfolio, making the stock its 21st biggest position. R Squared Ltd’s holdings in AES were worth $1,197,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Bank of America Corp DE acquired a new position in AES during the second quarter valued at $80,584,000. Tidal Investments LLC boosted its holdings in AES by 188.0% in the second quarter. Tidal Investments LLC now owns 290,604 shares of the utilities provider’s stock valued at $4,260,000 after purchasing an additional 189,691 shares during the last quarter. HBK Investments L P acquired a new stake in AES during the 2nd quarter worth about $162,298,000. Maven Securities LTD grew its position in AES by 310.8% during the 2nd quarter. Maven Securities LTD now owns 390,700 shares of the utilities provider’s stock worth $5,728,000 after purchasing an additional 295,600 shares during the period. Finally, Corient Private Wealth LP purchased a new position in shares of AES during the 2nd quarter valued at about $1,413,000. 93.13% of the stock is owned by hedge funds and other institutional investors.

AES Price Performance

NYSE:AES opened at $14.90 on Friday. The company has a debt-to-equity ratio of 2.81, a current ratio of 0.86 and a quick ratio of 0.78. The company has a 50 day moving average price of $14.90 and a 200-day moving average price of $14.80. The AES Corporation has a 1-year low of $13.28 and a 1-year high of $17.65. The firm has a market cap of $10.64 billion, a price-to-earnings ratio of 5.99 and a beta of 0.95.

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a $0.1759 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.70 dividend on an annualized basis and a yield of 4.7%. AES’s payout ratio is presently 28.11%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen raised AES to a “buy” rating in a report on Saturday, November 7th. Weiss Ratings raised AES from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. Seven research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, AES has an average rating of “Hold” and an average price target of $15.80.

AES Company Profile

The AES Corporation is a global power company that develops and operates electricity generation and energy infrastructure. Its portfolio includes renewable energy, natural gas and other power generation, as well as battery energy storage. AES also helps businesses and other customers procure electricity and pursue clean-energy goals. Founded in 1981 as Applied Energy Services, the company has expanded from its U.S. origins to serve customers across multiple regions, including the Americas, Europe and Asia.