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.
WARNING: This story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://ledgergazette.com/2018/02/19/ing-groep-nv-acquires-shares-of-37180-aes-corp-aes-2.html.
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.
Want to see what other hedge funds are holding AES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AES Corp (NYSE:AES).
Receive News & Ratings for AES Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AES and related companies with MarketBeat.com's FREE daily email newsletter.