Public Employees Retirement System of Ohio Buys New Holdings in The AES Corporation $AES

Public Employees Retirement System of Ohio purchased a new position in The AES Corporation (NYSE:AES) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 269,151 shares of the utilities provider’s stock, valued at approximately $3,946,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in AES during the second quarter valued at $722,429,000. FNY Investment Advisers LLC lifted its position in shares of AES by 49,950.0% in the second quarter. FNY Investment Advisers LLC now owns 100,100 shares of the utilities provider’s stock worth $1,467,000 after buying an additional 99,900 shares in the last quarter. Bank of New York Mellon Corp bought a new position in AES during the second quarter valued at approximately $97,056,000. Kryger Capital LLC bought a new stake in AES in the 1st quarter worth approximately $31,702,000. Finally, Energy Income Partners LLC purchased a new stake in AES during the second quarter valued at $27,080,000. Institutional investors own 93.13% of the company’s stock.

Wall Street Analysts Forecast Growth

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

AES Price Performance

AES stock opened at $14.80 on Friday. The AES Corporation has a 12-month low of $12.33 and a 12-month high of $17.65. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 2.93. The firm has a 50-day moving average price of $14.74 and a 200-day moving average price of $14.68. The firm has a market capitalization of $10.56 billion, a PE ratio of 5.65 and a beta of 0.97.

AES (NYSE:AES) last issued its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.45 by $0.15. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.11 billion. AES had a net margin of 14.30% and a return on equity of 20.69%. As a group, equities research analysts forecast that The AES Corporation will post 2.23 EPS for the current year.

AES Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid 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 (DPR) is currently 26.72%.

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.