First Quadrant L P CA Has $546,000 Position in AES Corp (NYSE:AES)

First Quadrant L P CA lessened its stake in shares of AES Corp (NYSE:AES) by 78.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,729 shares of the utilities provider’s stock after selling 139,547 shares during the period. First Quadrant L P CA’s holdings in AES were worth $546,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AES. Arcadia Investment Management Corp MI purchased a new position in AES during the fourth quarter valued at approximately $29,000. IMS Capital Management purchased a new position in AES during the third quarter valued at approximately $52,000. North Star Investment Management Corp. grew its stake 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 in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in AES during the third quarter valued at approximately $100,000. Finally, MinichMacGregor Wealth Management LLC purchased a new position in AES during the third quarter valued at approximately $121,000. Institutional investors and hedge funds own 95.42% of the company’s stock.

In related news, insider Jeffrey W. Ubben bought 35,000 shares of the company’s stock in a transaction on Wednesday, December 26th. The stock was acquired at an average cost of $13.75 per share, for a total transaction of $481,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.16% of the company’s stock.

AES has been the subject of several recent analyst reports. Zacks Investment Research cut shares of AES from a “buy” rating to a “hold” rating in a research note on Wednesday, January 23rd. TheStreet upgraded shares of AES from a “c+” rating to a “b” rating in a research report on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $14.00.

Shares of AES stock opened at $17.22 on Monday. AES Corp has a 1 year low of $9.86 and a 1 year high of $17.23. The company has a market cap 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. 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 business also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, February 1st will be given a dividend of $0.1365 per share. The ex-dividend date of this dividend is Thursday, January 31st. This is a positive change from AES’s previous quarterly dividend of $0.13. This represents a $0.55 annualized dividend and a yield of 3.17%. AES’s payout ratio is presently 50.93%.

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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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Institutional Ownership by Quarter for AES (NYSE:AES)

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