GAMMA Investing LLC Purchases 1,805 Shares of The AES Corporation $AES

GAMMA Investing LLC grew its stake in The AES Corporation (NYSE:AES) by 24.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,095 shares of the utilities provider’s stock after purchasing an additional 1,805 shares during the period. GAMMA Investing LLC’s holdings in AES were worth $96,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Garde Capital Inc. acquired a new stake in AES in the 1st quarter worth $35,000. CVA Family Office LLC grew its position in AES by 200.6% in the 1st quarter. CVA Family Office LLC now owns 3,250 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 2,169 shares during the last quarter. Headlands Technologies LLC acquired a new stake in AES in the 1st quarter worth $40,000. Hexagon Capital Partners LLC grew its position in AES by 33.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,880 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 974 shares during the last quarter. Finally, Continuum Advisory LLC grew its position in AES by 660.6% in the 1st quarter. Continuum Advisory LLC now owns 4,092 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 3,554 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AES has been the topic of several research analyst reports. Wall Street Zen upgraded shares of AES from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. lifted their target price on shares of AES from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Tuesday, July 22nd. Susquehanna lifted their target price on shares of AES from $15.00 to $16.00 and gave the company a “positive” rating in a research report on Monday, July 21st. Finally, Barclays lifted their target price on shares of AES from $12.00 to $14.00 and gave the company an “overweight” rating in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.67.

AES Price Performance

NYSE:AES opened at $15.38 on Thursday. The firm has a market cap of $10.95 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 0.55 and a beta of 0.93. The AES Corporation has a 12 month low of $9.46 and a 12 month high of $20.25. The company has a quick ratio of 0.74, a current ratio of 0.82 and a debt-to-equity ratio of 3.46. The company’s 50-day moving average price is $13.18 and its two-hundred day moving average price is $11.92.

AES (NYSE:AES) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.12. AES had a net margin of 8.42% and a return on equity of 19.02%. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same period in the previous year, the business earned $0.38 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, equities analysts anticipate that The AES Corporation will post 1.93 EPS for the current fiscal year.

AES Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a $0.176 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.6%. AES’s payout ratio is currently 49.30%.

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.