Massmutual Trust Co. FSB ADV acquired a new position in shares of The AES Corporation (NYSE:AES) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 71,028 shares of the company’s stock, valued at approximately $825,000.
Other large investors have also made changes to their positions in the company. Tocqueville Asset Management L.P. acquired a new stake in shares of The AES Corporation during the second quarter worth approximately $133,000. Toronto Dominion Bank increased its stake in shares of The AES Corporation by 430.7% in the third quarter. Toronto Dominion Bank now owns 19,249 shares of the company’s stock worth $247,000 after buying an additional 15,622 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of The AES Corporation by 2.3% in the second quarter. Sterling Capital Management LLC now owns 42,898 shares of the company’s stock worth $535,000 after buying an additional 955 shares in the last quarter. Fairfield Bush & CO. increased its stake in shares of The AES Corporation by 3.2% in the second quarter. Fairfield Bush & CO. now owns 45,640 shares of the company’s stock worth $570,000 after buying an additional 1,400 shares in the last quarter. Finally, Elkfork Partners LLC acquired a new stake in shares of The AES Corporation during the fourth quarter worth approximately $713,000. 93.97% of the stock is owned by institutional investors and hedge funds.
Shares of The AES Corporation (NYSE:AES) traded down 1.63% on Tuesday, hitting $11.49. The company’s stock had a trading volume of 3,680,548 shares. The stock’s market capitalization is $7.57 billion. The stock’s 50 day moving average price is $11.53 and its 200 day moving average price is $11.92. The AES Corporation has a 52 week low of $9.32 and a 52 week high of $13.32.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st will be issued a dividend of $0.12 per share. This is a positive change from The AES Corporation’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 4.18%. The AES Corporation’s dividend payout ratio (DPR) is presently -117.07%.
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A number of equities research analysts have issued reports on the company. RBC Capital Markets downgraded The AES Corporation from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $13.00 to $12.00 in a research report on Wednesday, January 4th. Royal Bank Of Canada downgraded The AES Corporation from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $13.00 to $12.00 in a research report on Wednesday, January 4th. Bank of America Corporation downgraded The AES Corporation from a “neutral” rating to an “underperform” rating in a research report on Tuesday, November 22nd. Finally, Zacks Investment Research raised The AES Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, November 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $12.00.
The AES Corporation Company Profile
The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. The Company is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and Caribbean (MCAC); Europe, and Asia.
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