State Board of Administration of Florida Retirement System raised its position in AES Corp (NYSE:AES) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 932,919 shares of the utilities provider’s stock after purchasing an additional 3,022 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.14% of AES worth $13,490,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Tuttle Tactical Management purchased a new position in shares of AES in the 4th quarter worth about $686,000. KBC Group NV grew its stake in shares of AES by 108.1% in the fourth quarter. KBC Group NV now owns 1,107,969 shares of the utilities provider’s stock valued at $16,021,000 after buying an additional 575,643 shares in the last quarter. AI Financial Services LLC grew its stake in shares of AES by 0.7% in the fourth quarter. AI Financial Services LLC now owns 166,115 shares of the utilities provider’s stock valued at $2,402,000 after buying an additional 1,185 shares in the last quarter. Pendal Group Ltd acquired a new stake in shares of AES in the fourth quarter valued at about $2,204,000. Finally, Oppenheimer & Co. Inc. grew its stake in shares of AES by 88.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 23,190 shares of the utilities provider’s stock valued at $335,000 after buying an additional 10,899 shares in the last quarter. Institutional investors own 95.11% of the company’s stock.
A number of brokerages have weighed in on AES. Zacks Investment Research lowered AES from a “buy” rating to a “hold” rating in a research note on Wednesday, January 23rd. TheStreet upgraded AES from a “c+” rating to a “b” rating in a research note on Tuesday, November 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. AES has a consensus rating of “Hold” and an average target price of $14.00.
In other news, insider Jeffrey W. Ubben bought 35,000 shares of AES stock in a transaction on Wednesday, December 26th. The shares were bought at an average price of $13.75 per share, with a total value of $481,250.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.16% of the company’s stock.
NYSE:AES traded up $0.08 during trading hours on Monday, reaching $17.30. 891,331 shares of the stock were exchanged, compared to its average volume of 5,169,161. The company has a quick ratio of 1.10, a current ratio of 1.24 and a debt-to-equity ratio of 3.17. AES Corp has a 52 week low of $9.86 and a 52 week high of $17.23. The company has a market cap of $11.54 billion, a PE ratio of 16.02, a P/E/G ratio of 1.43 and a beta of 1.03.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, February 1st will be issued a dividend of $0.1365 per share. This represents a $0.55 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, January 31st. This is an increase from AES’s previous quarterly dividend of $0.13. AES’s dividend payout ratio (DPR) is currently 50.93%.
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also 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.
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