The AES Corporation $AES Stock Bought by R Squared Ltd

R Squared Ltd boosted its holdings in shares of The AES Corporation (NYSE:AES) by 613.7% during the third quarter, HoldingsChannel.com reports. The firm owned 80,343 shares of the utilities provider’s stock after purchasing an additional 69,086 shares during the period. AES makes up approximately 0.6% of R Squared Ltd’s holdings, making the stock its 21st largest holding. R Squared Ltd’s holdings in AES were worth $1,197,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AES. BlackRock Inc. purchased a new stake in shares of AES in the second quarter valued at approximately $722,429,000. HBK Investments L P purchased a new position in shares of AES during the 2nd quarter valued at approximately $162,298,000. Bank of New York Mellon Corp purchased a new position in shares of AES during the 2nd quarter valued at approximately $97,056,000. Bank of America Corp DE acquired a new stake in AES in the 2nd quarter valued at $80,584,000. Finally, Man Group plc acquired a new stake in AES in the 2nd quarter valued at $65,159,000. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wall Street Zen raised shares of AES to a “buy” rating in a report on Saturday, November 7th. Weiss Ratings raised shares of AES from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. Seven investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.80.

AES Stock Down 0.1%

Shares of AES opened at $14.90 on Friday. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.78 and a current ratio of 0.86. The AES Corporation has a one year low of $13.28 and a one year high of $17.65. The stock has a market capitalization of $10.64 billion, a price-to-earnings ratio of 5.99 and a beta of 0.95. The stock has a 50 day moving average price of $14.90 and a 200 day moving average price of $14.80.

AES Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a dividend of $0.1759 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.7%. AES’s dividend payout ratio is presently 28.11%.

AES Company Profile

The AES Corporation is a global power company that develops and operates electricity generation and energy infrastructure. Its portfolio includes renewable energy, natural gas and other power generation, as well as battery energy storage. AES also helps businesses and other customers procure electricity and pursue clean-energy goals. Founded in 1981 as Applied Energy Services, the company has expanded from its U.S. origins to serve customers across multiple regions, including the Americas, Europe and Asia.