Hartford Investment Management Co. lifted its holdings in AES Corp (NYSE:AES) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,405 shares of the utilities provider’s stock after purchasing an additional 3,430 shares during the quarter. Hartford Investment Management Co.’s holdings in AES were worth $1,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI purchased a new stake in AES during the fourth quarter valued at $29,000. We Are One Seven LLC purchased a new stake in AES during the fourth quarter valued at $30,000. IMS Capital Management purchased a new stake in AES during the third quarter valued at $52,000. North Star Investment Management Corp. increased its position in AES by 22.8% during the fourth quarter. North Star Investment Management Corp. now owns 4,476 shares of the utilities provider’s stock valued at $65,000 after acquiring an additional 831 shares during the last quarter. Finally, Huntington National Bank increased its position in AES by 14.0% during the fourth quarter. Huntington National Bank now owns 5,133 shares of the utilities provider’s stock valued at $74,000 after acquiring an additional 632 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.
Shares of AES opened at $17.22 on Monday. The company has a debt-to-equity ratio of 3.17, a current ratio of 1.24 and a quick ratio of 1.10. The stock has a market capitalization of $11.40 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 1.43 and a beta of 1.03. AES Corp has a 52 week low of $9.86 and a 52 week high of $17.23.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, February 1st will be given a $0.1365 dividend. This is a boost from AES’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, January 31st. This represents a $0.55 dividend on an annualized basis and a yield of 3.17%. AES’s dividend payout ratio is presently 50.93%.
A number of analysts recently commented on the company. TheStreet upgraded AES from a “c+” rating to a “b” rating in a research report on Tuesday, November 6th. Zacks Investment Research cut AES from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. AES has a consensus rating of “Hold” and an average target price of $14.00.
In related news, insider Jeffrey W. Ubben purchased 35,000 shares of AES stock in a transaction on Wednesday, December 26th. The stock was acquired at an average price of $13.75 per share, for a total transaction of $481,250.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.16% of the company’s stock.
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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