GSA Capital Partners LLP Takes Position in The AES Corporation $AES

GSA Capital Partners LLP purchased a new position in shares of The AES Corporation (NYSE:AES) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 273,874 shares of the utilities provider’s stock, valued at approximately $4,015,000. AES accounts for about 0.3% of GSA Capital Partners LLP’s portfolio, making the stock its 26th biggest holding.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of AES by 6.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,745 shares of the utilities provider’s stock valued at $854,000 after buying an additional 3,936 shares in the last quarter. Jones Financial Companies Lllp increased its stake in AES by 259.7% during the 1st quarter. Jones Financial Companies Lllp now owns 54,407 shares of the utilities provider’s stock worth $675,000 after acquiring an additional 39,283 shares during the period. United Services Automobile Association acquired a new stake in shares of AES during the 1st quarter worth $190,000. Empowered Funds LLC raised its stake in AES by 763.3% in the first quarter. Empowered Funds LLC now owns 146,851 shares of the utilities provider’s stock valued at $1,824,000 after purchasing an additional 129,841 shares in the last quarter. Finally, Woodline Partners LP grew its stake in AES by 40.7% during the first quarter. Woodline Partners LP now owns 60,072 shares of the utilities provider’s stock worth $746,000 after buying an additional 17,372 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AES in a report on Monday, June 1st. Eight research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.71.

AES Stock Performance

Shares of AES stock opened at $14.73 on Friday. The business’s 50-day moving average price is $14.71 and its 200-day moving average price is $14.77. The AES Corporation has a 12 month low of $12.33 and a 12 month high of $17.65. The firm has a market capitalization of $10.51 billion, a price-to-earnings ratio of 5.62 and a beta of 0.97. 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 Dividend Announcement

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