Point72 Hong Kong Ltd Has $1.68 Million Stock Holdings in The AES Co. (NYSE:AES)

Point72 Hong Kong Ltd grew its position in shares of The AES Co. (NYSE:AES) by 19.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,573 shares of the utilities provider’s stock after acquiring an additional 15,743 shares during the quarter. Point72 Hong Kong Ltd’s holdings in AES were worth $1,679,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Rise Advisors LLC grew its position in AES by 92.4% in the second quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 720 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of AES during the 2nd quarter worth about $28,000. UMB Bank n.a. grew its holdings in shares of AES by 102.3% in the 2nd quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 898 shares in the last quarter. Riverview Trust Co acquired a new stake in shares of AES in the first quarter valued at about $33,000. Finally, nVerses Capital LLC acquired a new position in AES during the second quarter valued at approximately $33,000. 93.13% of the stock is owned by institutional investors.

AES Price Performance

Shares of AES opened at $19.54 on Thursday. The firm has a market capitalization of $13.89 billion, a PE ratio of 27.14 and a beta of 1.07. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.97 and a quick ratio of 0.91. The company’s 50-day moving average is $17.53 and its 200-day moving average is $18.09. The AES Co. has a fifty-two week low of $11.43 and a fifty-two week high of $22.21.

AES (NYSE:AES) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. AES had a net margin of 6.07% and a return on equity of 32.74%. The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $3.22 billion. During the same period last year, the business posted $0.21 earnings per share. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities analysts forecast that The AES Co. will post 1.9 EPS for the current year.

AES Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend was Thursday, August 1st. AES’s dividend payout ratio is 95.83%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AES shares. Barclays dropped their price objective on AES from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Evercore ISI upgraded shares of AES to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, Jefferies Financial Group assumed coverage on shares of AES in a research report on Wednesday, September 11th. They issued a “buy” rating and a $20.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

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.