Man Group plc Makes New $65.16 Million Investment in The AES Corporation $AES

Man Group plc acquired a new stake in The AES Corporation (NYSE:AES) in the 2nd quarter, HoldingsChannel reports. The fund acquired 4,444,679 shares of the utilities provider’s stock, valued at approximately $65,159,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AES. Invst LLC purchased a new position in AES during the second quarter valued at approximately $727,000. Polar Asset Management Partners Inc. purchased a new stake in AES in the 2nd quarter worth approximately $16,375,000. Jupiter Topco LLC acquired a new stake in shares of AES during the 2nd quarter worth approximately $22,304,000. Kintayl Capital LP purchased a new position in shares of AES during the 2nd quarter valued at approximately $6,585,000. Finally, Hsbc Holdings PLC acquired a new position in shares of AES in the 2nd quarter valued at $27,586,000. 93.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded 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, AES currently has an average rating of “Hold” and an average target price of $15.71.

AES Price Performance

AES stock opened at $14.72 on Wednesday. The stock has a market capitalization of $10.51 billion, a P/E ratio of 5.62 and a beta of 0.97. The company’s fifty day moving average price is $14.72 and its 200 day moving average price is $14.75. 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 1 year low of $12.33 and a 1 year high of $17.65.

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

AES Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a $0.176 dividend. The ex-dividend date of this dividend 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 currently 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.