Entropy Technologies LP acquired approximately 172,343 shares of The AES Corporation in the first quarter, valued at about $2.14 million, according to the company's most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own approximately 93.13% of AES stock, with several firms significantly increasing their holdings in recent quarters. Point72 Asset Management L.P. acquired a new stake in AES in the fourth quarter valued at about $121,627,000. Ameriprise Financial Inc. lifted its stake in AES by 35.7% in the fourth quarter, now owning 28,571,119 shares valued at $367,499,000 after buying an additional 7,519,129 shares. Invesco Ltd. lifted its stake by 30.4% in the first quarter, now owning 20,790,956 shares valued at $258,224,000 after buying an additional 4,842,149 shares. Empyrean Capital Partners LP purchased a new position in AES during the fourth quarter worth $48,327,000. Raymond James Financial Inc. purchased a new position in AES during the fourth quarter worth $33,964,000. AES reported $0.51 earnings per share for the last quarter, exceeding analyst estimates of $0.39, despite a 3% year-over-year decline in quarterly revenue. The company had a net margin of 8.42% and a return on equity of 19.02%. Revenue for the quarter was $2.86 billion, compared to analysts' expectations of $2.97 billion. Revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. Equities research analysts expect that The AES Corporation will post 1.93 EPS for the current fiscal year. The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a dividend of $0.176 per share, representing a $0.70 annualized dividend and a yield of 5.4%. The company's payout ratio is 49.30%. The AES Corporation operates as a diversified power generation and utility company in the United States and internationally, owning and/or operating power plants to generate and sell power, utilities to distribute and transmit electricity, and generating and selling electricity on the wholesale market. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.74, and a current ratio of 0.82. It has a market capitalization of $9.29 billion, a P/E ratio of 9.19, a P/E/G ratio of 1.54, and a beta of 0.96. The stock has a 12-month low of $9.46 and a 12-month high of $20.30. The 50-day moving average is $12.10 and the 200-day moving average is $11.37. AES traded up $0.14 during trading hours on Wednesday, hitting $13.05, with 6,161,305 shares exchanged compared to its average volume of 10,434,863. Two research analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating, and two have given a strong buy rating. Based on data from MarketBeat.com, the company currently has an average rating of 'Moderate Buy' and a consensus price target of $24.67. Citigroup cut their target price on AES from $23.00 to $14.00 and set a 'buy' rating. Jefferies Financial Group lowered AES from a 'hold' rating to an 'underperform' rating and cut their target price from $10.00 to $9.00. HSBC cut their target price from $15.00 to $14.00. One analyst raised AES from a 'sell' rating to a 'hold' rating. Argus reiterated a 'hold' rating. The last quarterly earnings results were released on Thursday, July 31st.

Entropy Technologies LP Acquires Shares of 172,343 The AES Corporation (NYSE:AES)

Entropy Technologies LP acquired approximately 172,343 shares of The AES Corporation in the first quarter, valued at $2.14 million. Institutional investors collectively own 93.13% of AES stock, with notable increases in holdings by Point72 Asset Management, Ameriprise Financial, Invesco Ltd., Empyrean Capital Partners, and Raymond James Financial. AES reported $0.51 earnings per share for the quarter, exceeding analyst estimates of $0.39, despite a 3% year-over-year revenue decline. The company achieved an 8.42% net margin and 19.02% return on equity, with revenue of $2.86 billion. It declared a quarterly dividend of $0.176 per share, yielding 5.4% annually. AES operates as a diversified power generation and utility company in the U.S. and internationally, with a market cap of $9.29 billion, P/E ratio of 9.19, and a debt-to-equity ratio of 3.46. Analyst ratings are mixed, with six buy ratings, two strong buy ratings, and one analyst upgrading from sell to hold. Citigroup, Jefferies, and HSBC lowered their target prices, while Argus maintained a hold. The stock traded at $13.05 on Wednesday, with a 12-month range of $9.46 to $20.30.