HighTower Advisors LLC Acquires 61,784 Shares of The AES Co. (NYSE:AES)

HighTower Advisors LLC lifted its holdings in shares of The AES Co. (NYSE:AESFree Report) by 7.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 925,036 shares of the utilities provider’s stock after buying an additional 61,784 shares during the quarter. HighTower Advisors LLC’s holdings in AES were worth $14,038,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AES. Capital International Investors grew its position in shares of AES by 11.1% during the 2nd quarter. Capital International Investors now owns 63,421,695 shares of the utilities provider’s stock worth $1,314,582,000 after buying an additional 6,323,045 shares during the period. Marshall Wace LLP grew its position in shares of AES by 5,703.5% during the 2nd quarter. Marshall Wace LLP now owns 2,426,912 shares of the utilities provider’s stock worth $50,310,000 after buying an additional 2,385,094 shares during the period. M&G Investment Management Ltd. grew its position in shares of AES by 46.5% during the 2nd quarter. M&G Investment Management Ltd. now owns 6,715,415 shares of the utilities provider’s stock worth $141,024,000 after buying an additional 2,130,284 shares during the period. Clean Energy Transition LLP acquired a new stake in shares of AES during the 2nd quarter worth approximately $33,987,000. Finally, Barclays PLC grew its position in shares of AES by 114.1% during the 3rd quarter. Barclays PLC now owns 2,677,405 shares of the utilities provider’s stock worth $40,697,000 after buying an additional 1,426,662 shares during the period. Institutional investors and hedge funds own 94.49% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. TheStreet cut shares of AES from a “c-” rating to a “d+” rating in a report on Friday, October 20th. Morgan Stanley decreased their price objective on shares of AES from $29.00 to $26.00 and set an “overweight” rating for the company in a report on Wednesday, October 25th. StockNews.com upgraded shares of AES to a “sell” rating in a report on Friday, November 3rd. Finally, Barclays boosted their price objective on shares of AES from $18.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $21.33.

Get Our Latest Report on AES

AES Stock Up 2.6 %

AES stock opened at $16.88 on Tuesday. The stock has a market capitalization of $11.30 billion, a PE ratio of -19.18, a price-to-earnings-growth ratio of 0.99 and a beta of 1.10. The AES Co. has a twelve month low of $11.43 and a twelve month high of $26.77. The company has a quick ratio of 0.74, a current ratio of 0.83 and a debt-to-equity ratio of 5.35. The company has a 50 day moving average of $18.05 and a 200-day moving average of $17.15.

AES Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Wednesday, January 31st. This is a boost from AES’s previous quarterly dividend of $0.17. AES’s dividend payout ratio is -78.41%.

Insider Activity

In other news, EVP Tish Mendoza sold 21,594 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $18.95, for a total value of $409,206.30. Following the sale, the executive vice president now owns 167,261 shares of the company’s stock, valued at $3,169,595.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.01% of the company’s stock.

About AES

(Free Report)

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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Institutional Ownership by Quarter for AES (NYSE:AES)

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