CWM Advisors LLC decreased its position in shares of AES Corp (NYSE:AES) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,617 shares of the utilities provider’s stock after selling 2,015 shares during the quarter. CWM Advisors LLC’s holdings in AES were worth $313,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AES. Arcadia Investment Management Corp MI bought a new position in AES in the 4th quarter worth about $29,000. We Are One Seven LLC bought a new position in AES in the 4th quarter worth about $30,000. Covington Capital Management increased its stake in AES by 55.7% in the 4th quarter. Covington Capital Management now owns 2,335 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 835 shares during the last quarter. IMS Capital Management bought a new position in AES in the 3rd quarter worth about $52,000. Finally, North Star Investment Management Corp. increased its stake in AES by 22.8% in the 4th quarter. North Star Investment Management Corp. now owns 4,476 shares of the utilities provider’s stock worth $65,000 after acquiring an additional 831 shares during the last quarter. Hedge funds and other institutional investors own 93.54% of the company’s stock.
Shares of AES stock traded up $0.02 during trading on Friday, hitting $17.72. 4,256,567 shares of the stock traded hands, compared to its average volume of 5,156,407. The company has a current ratio of 1.14, a quick ratio of 1.01 and a debt-to-equity ratio of 3.15. The firm has a market capitalization of $11.74 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.70 and a beta of 1.09. AES Corp has a 52 week low of $11.58 and a 52 week high of $18.52.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.1365 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.55 annualized dividend and a dividend yield of 3.08%. AES’s dividend payout ratio (DPR) is presently 44.35%.
Separately, Zacks Investment Research lowered AES from a “buy” rating to a “hold” rating in a research note on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. AES currently has a consensus rating of “Hold” and a consensus price target of $15.00.
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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