AES Corp (AES) Shares Sold by Boston Partners

Boston Partners cut its holdings in AES Corp (NYSE:AES) by 96.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 608,701 shares of the utilities provider’s stock after selling 17,469,733 shares during the period. Boston Partners’ holdings in AES were worth $6,592,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Capital International Investors lifted its holdings in AES by 2.4% in the 3rd quarter. Capital International Investors now owns 24,125,215 shares of the utilities provider’s stock worth $265,860,000 after purchasing an additional 567,371 shares in the last quarter. Prudential Financial Inc. lifted its holdings in 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 purchasing an additional 1,103,750 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in AES by 7.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 10,753,174 shares of the utilities provider’s stock worth $118,500,000 after purchasing an additional 776,527 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in AES by 4.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 4,093,240 shares of the utilities provider’s stock worth $44,310,000 after purchasing an additional 181,571 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in AES by 7.8% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,913,485 shares of the utilities provider’s stock worth $32,107,000 after purchasing an additional 211,075 shares in the last quarter. 92.58% of the stock is currently owned by institutional investors.

A number of research analysts recently commented on AES shares. Bank of America raised AES from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Monday, November 13th. Morgan Stanley lowered their price target on AES from $14.00 to $12.50 and set an “equal weight” rating on the stock in a report on Wednesday, December 13th. ValuEngine raised AES from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, UBS Group started coverage on AES in a report on Friday, February 2nd. They issued a “neutral” rating and a $12.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $12.58.

In other news, COO Santos Bernerd Da acquired 4,700 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average cost of $10.60 per share, with a total value of $49,820.00. Following the acquisition, the chief operating officer now directly owns 96,186 shares of the company’s stock, valued at $1,019,571.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Thomas M. O’flynn acquired 9,500 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were purchased at an average cost of $10.64 per share, for a total transaction of $101,080.00. Following the completion of the acquisition, the chief financial officer now directly owns 219,131 shares in the company, valued at $2,331,553.84. The disclosure for this purchase can be found here. 1.09% of the stock is owned by corporate insiders.

Shares of AES Corp (NYSE AES) opened at $10.20 on Friday. The stock has a market capitalization of $6,830.00, a P/E ratio of -340.00, a PEG ratio of 1.06 and a beta of 1.26. AES Corp has a twelve month low of $9.86 and a twelve month high of $12.05. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 3.20.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 5.10%. This is a boost from AES’s previous quarterly dividend of $0.12. The ex-dividend date is Wednesday, January 31st. AES’s dividend payout ratio is -1,733.33%.

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AES 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. 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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