Arizona State Retirement System decreased its stake in AES Corp (NYSE:AES) by 17.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 136,079 shares of the utilities provider’s stock after selling 27,922 shares during the quarter. Arizona State Retirement System’s holdings in AES were worth $1,968,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in AES. PGGM Investments raised its stake in shares of AES by 1,045.9% during the 4th quarter. PGGM Investments now owns 1,988,171 shares of the utilities provider’s stock worth $28,749,000 after purchasing an additional 1,814,671 shares in the last quarter. Huntington National Bank raised its stake in shares of AES by 14.0% during the 4th quarter. Huntington National Bank now owns 5,133 shares of the utilities provider’s stock worth $74,000 after purchasing an additional 632 shares in the last quarter. We Are One Seven LLC purchased a new stake in shares of AES during the 4th quarter worth about $30,000. Calamos Advisors LLC raised its stake in shares of AES by 17.1% during the 4th quarter. Calamos Advisors LLC now owns 505,487 shares of the utilities provider’s stock worth $7,309,000 after purchasing an additional 73,912 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of AES during the 4th quarter worth about $11,800,000. Institutional investors and hedge funds own 95.11% of the company’s stock.
Shares of AES stock opened at $17.04 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.10 and a debt-to-equity ratio of 3.17. AES Corp has a twelve month low of $10.14 and a twelve month high of $17.46. The company has a market capitalization of $11.35 billion, a P/E ratio of 15.78, a P/E/G ratio of 1.43 and a beta of 1.03.
In related news, insider Jeffrey W. Ubben acquired 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 26th. The shares were acquired at an average cost of $13.75 per share, with a total value of $481,250.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 1.16% of the stock is currently owned by company insiders.
A number of research firms have recently weighed in on AES. Zacks Investment Research raised AES from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Monday, January 21st. TheStreet raised AES from a “c+” rating to a “b” rating in a research note on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $14.00.
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AES Company Profile
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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