ING Groep NV Acquires Shares of 37,180 AES Corp (AES)

ING Groep NV acquired a new position in AES Corp (NYSE:AES) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 37,180 shares of the utilities provider’s stock, valued at approximately $403,000.

Several other hedge funds have also modified their holdings of AES. Alps Advisors Inc. bought a new stake in shares of AES in the 4th quarter worth approximately $48,230,000. Assenagon Asset Management S.A. bought a new stake in shares of AES in the 3rd quarter worth approximately $21,256,000. Prudential Financial Inc. grew its position in shares of AES by 10.7% in the 3rd quarter. Prudential Financial Inc. now owns 11,399,720 shares of the utilities provider’s stock worth $125,625,000 after buying an additional 1,103,750 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its position in shares of AES by 7.8% during the third quarter. Thompson Siegel & Walmsley LLC now owns 10,753,174 shares of the utilities provider’s stock valued at $118,500,000 after purchasing an additional 776,527 shares in the last quarter. Finally, Capital International Investors boosted its position in shares of AES by 2.4% during the third quarter. Capital International Investors now owns 24,125,215 shares of the utilities provider’s stock valued at $265,860,000 after purchasing an additional 567,371 shares in the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

Shares of AES Corp (NYSE:AES) opened at $10.45 on Monday. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.89 and a current ratio of 0.99. AES Corp has a 1 year low of $9.86 and a 1 year high of $12.05. The firm has a market capitalization of $6,901.04, a P/E ratio of 10.35, a P/E/G ratio of 1.11 and a beta of 1.26.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 4.98%. This is an increase from AES’s previous quarterly dividend of $0.12. The ex-dividend date was Wednesday, January 31st. AES’s payout ratio is -44.44%.

Several research firms recently weighed in on AES. Morgan Stanley dropped their price target on AES from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research report on Wednesday, December 13th. Bank of America upgraded AES from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Monday, November 13th. UBS Group began coverage on AES in a research report on Friday, February 2nd. They set a “neutral” rating and a $12.00 price target on the stock. ValuEngine upgraded AES from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, SunTrust Banks set a $14.00 price target on AES and gave the company a “buy” rating in a research report on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $12.42.

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About AES

The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.

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Institutional Ownership by Quarter for AES (NYSE:AES)

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