100,480 Shares in AES Corp (AES) Acquired by AE Wealth Management LLC

AE Wealth Management LLC bought a new position in shares of AES Corp (NYSE:AES) during the 4th quarter, HoldingsChannel reports. The fund bought 100,480 shares of the utilities provider’s stock, valued at approximately $1,088,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cypress Capital Group bought a new position in shares of AES in the third quarter valued at $138,000. Beacon Investment Advisory Services Inc. bought a new position in shares of AES in the fourth quarter valued at $142,000. CAPROCK Group Inc. lifted its stake in shares of AES by 69.5% in the fourth quarter. CAPROCK Group Inc. now owns 19,692 shares of the utilities provider’s stock valued at $217,000 after buying an additional 8,073 shares in the last quarter. Allegis Investment Advisors LLC lifted its stake in shares of AES by 98.3% in the fourth quarter. Allegis Investment Advisors LLC now owns 21,441 shares of the utilities provider’s stock valued at $232,000 after buying an additional 10,626 shares in the last quarter. Finally, ING Groep NV bought a new position in shares of AES in the fourth quarter valued at $403,000. 92.58% of the stock is currently owned by institutional investors and hedge funds.

AES Corp (NYSE:AES) opened at $10.06 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 3.20. AES Corp has a 12-month low of $10.00 and a 12-month high of $12.05. The firm has a market cap of $6,800.00, a PE ratio of -335.33, a P/E/G ratio of 1.12 and a beta of 1.26.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be given a dividend of $0.13 per share. This is a positive change from AES’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date is Wednesday, January 31st. AES’s dividend payout ratio (DPR) is presently -1,733.33%.

In other news, COO Santos Bernerd Da purchased 4,700 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average cost of $10.60 per share, with a total value of $49,820.00. Following the completion of the transaction, the chief operating officer now directly owns 96,186 shares of the company’s stock, valued at $1,019,571.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Thomas M. O’flynn purchased 9,500 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average cost of $10.64 per share, for a total transaction of $101,080.00. Following the completion of the transaction, the chief financial officer now directly owns 219,131 shares of the company’s stock, valued at $2,331,553.84. The disclosure for this purchase can be found here. 1.09% of the stock is owned by company insiders.

A number of research firms have weighed in on AES. UBS Group began coverage on shares of AES in a research note on Friday, February 2nd. They issued a “neutral” rating and a $12.00 price objective on the stock. Bank of America raised shares of AES from an “underperform” rating to a “neutral” rating and set a $11.50 price objective on the stock in a research note on Tuesday, October 24th. Morgan Stanley dropped their price objective on shares of AES from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research note on Wednesday, December 13th. Finally, ValuEngine raised shares of AES from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. AES currently has an average rating of “Hold” and a consensus target price of $12.58.

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About AES

The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.

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Institutional Ownership by Quarter for AES (NYSE:AES)

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