Campbell & CO Investment Adviser LLC Acquires Shares of 61,609 The AES Corporation $AES

Campbell & CO Investment Adviser LLC bought a new stake in The AES Corporation (NYSE:AES) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 61,609 shares of the utilities provider’s stock, valued at approximately $648,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd grew its stake in shares of AES by 21.8% during the first quarter. Orbis Allan Gray Ltd now owns 27,518,952 shares of the utilities provider’s stock valued at $341,785,000 after acquiring an additional 4,930,252 shares in the last quarter. Invesco Ltd. increased its holdings in AES by 30.4% during the 1st quarter. Invesco Ltd. now owns 20,790,956 shares of the utilities provider’s stock worth $258,224,000 after purchasing an additional 4,842,149 shares during the last quarter. Sound Shore Management Inc CT raised its position in shares of AES by 32.3% in the 2nd quarter. Sound Shore Management Inc CT now owns 8,067,687 shares of the utilities provider’s stock valued at $84,872,000 after purchasing an additional 1,969,741 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its position in shares of AES by 10.9% during the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,812,629 shares of the utilities provider’s stock worth $82,189,000 after buying an additional 769,168 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in AES by 3.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 7,134,771 shares of the utilities provider’s stock valued at $88,614,000 after acquiring an additional 255,512 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

Analyst Ratings Changes

AES has been the subject of several research analyst reports. Barclays boosted their target price on shares of AES from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AES in a report on Thursday. Morgan Stanley boosted their price target on AES from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Wall Street Zen raised shares of AES from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Mizuho raised their price target on shares of AES from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $24.00.

AES Stock Performance

AES stock opened at $13.81 on Friday. The stock’s fifty day moving average is $13.84 and its two-hundred day moving average is $12.58. The stock has a market capitalization of $9.84 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 0.59 and a beta of 0.98. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.74 and a current ratio of 0.82. The AES Corporation has a 1 year low of $9.46 and a 1 year high of $15.51.

AES (NYSE:AES) last issued its quarterly earnings data on Tuesday, November 4th. The utilities provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. AES had a net margin of 8.42% and a return on equity of 19.02%. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same period last year, the firm posted $0.71 EPS. AES’s quarterly revenue was up 1.9% compared to the same quarter last year. AES has set its FY 2025 guidance at 2.100-2.26 EPS. On average, research analysts predict that The AES Corporation will post 1.93 EPS for the current year.

AES Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were given a $0.176 dividend. This represents a $0.70 annualized dividend and a yield of 5.1%. The ex-dividend date was Friday, October 31st. AES’s dividend payout ratio (DPR) is currently 43.75%.

AES Company Profile

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.