AES Corp (AES) Position Decreased by Arizona State Retirement System

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.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, February 1st will be paid a $0.1365 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 3.20%. This is an increase from AES’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, January 31st. AES’s dividend payout ratio (DPR) is presently 50.93%.

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.

COPYRIGHT VIOLATION NOTICE: “AES Corp (AES) Position Decreased by Arizona State Retirement System” was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.chaffeybreeze.com/2019/02/14/aes-corp-aes-position-decreased-by-arizona-state-retirement-system.html.

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.

Featured Story: Google Finance Portfolio Workaround

Institutional Ownership by Quarter for AES (NYSE:AES)

Receive News & Ratings for AES Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AES and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply