136,967 Shares in The AES Corporation $AES Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in The AES Corporation (NYSE:AES) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 136,967 shares of the utilities provider’s stock, valued at approximately $2,008,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Horizon Investments LLC lifted its stake in shares of AES by 4,710.9% in the fourth quarter. Horizon Investments LLC now owns 542,528 shares of the utilities provider’s stock worth $7,780,000 after acquiring an additional 531,251 shares during the period. BlackRock Inc. acquired a new stake in AES during the 2nd quarter valued at approximately $722,429,000. FNY Investment Advisers LLC raised its holdings in AES by 49,950.0% during the 2nd 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 last quarter. Bank of New York Mellon Corp acquired a new position in shares of AES in the 2nd quarter worth approximately $97,056,000. Finally, Kryger Capital LLC bought a new stake in shares of AES in the 1st quarter valued at $31,702,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Stock Performance

Shares of AES stock opened at $14.73 on Thursday. The company has a market cap of $10.51 billion, a P/E ratio of 5.62 and a beta of 0.97. The AES Corporation has a fifty-two week low of $12.33 and a fifty-two week high of $17.65. The stock has a 50 day simple moving average of $14.73 and a two-hundred day simple moving average of $14.74. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.67 and a current ratio of 0.75.

AES (NYSE:AES) last released its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $3.11 billion. Research analysts forecast that The AES Corporation will post 2.27 earnings per share for the current year.

AES Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, July 31st. AES’s dividend payout ratio is 26.72%.

Analyst Ratings Changes

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

AES Company 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.