Kintayl Capital LP Purchases Shares of 449,205 The AES Corporation $AES

Kintayl Capital LP acquired a new stake in shares of The AES Corporation (NYSE:AES) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 449,205 shares of the utilities provider’s stock, valued at approximately $6,585,000. AES accounts for 2.6% of Kintayl Capital LP’s investment portfolio, making the stock its 11th largest holding.

Several other large investors also recently made changes to their positions in the company. Root Financial Partners LLC increased its position in AES by 259.9% in the 1st quarter. Root Financial Partners LLC now owns 2,822 shares of the utilities provider’s stock valued at $40,000 after buying an additional 2,038 shares in the last quarter. Burnham & Co LLC acquired a new stake in AES in the second quarter valued at approximately $44,000. Los Angeles Capital Management LLC bought a new stake in shares of AES during the fourth quarter valued at approximately $42,000. EverSource Wealth Advisors LLC raised its position in shares of AES by 61.0% during the first quarter. EverSource Wealth Advisors LLC now owns 5,296 shares of the utilities provider’s stock worth $75,000 after purchasing an additional 2,006 shares during the period. Finally, Sound Income Strategies LLC acquired a new stake in AES in the 1st quarter valued at $78,000. 93.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded 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 data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.71.

AES Stock Performance

Shares of AES opened at $14.72 on Wednesday. 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 stock has a 50 day moving average price of $14.72 and a two-hundred day moving average price of $14.75. The firm has a market capitalization of $10.51 billion, a P/E ratio of 5.62 and a beta of 0.97. The AES Corporation has a 52 week low of $12.33 and a 52 week high of $17.65.

AES (NYSE:AES) last posted its 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. The company 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%. Equities analysts forecast that The AES Corporation will post 2.27 earnings per share for the current fiscal year.

AES Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders 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 annualized dividend and a yield of 4.8%. AES’s dividend payout ratio (DPR) 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.