Oppenheimer & Co. Inc. boosted its stake in AES Corp (NYSE:AES) by 88.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,190 shares of the utilities provider’s stock after purchasing an additional 10,899 shares during the period. Oppenheimer & Co. Inc.’s holdings in AES were worth $335,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Arcadia Investment Management Corp MI bought a new stake in shares of AES during the 4th quarter valued at $29,000. We Are One Seven LLC bought a new stake in shares of AES during the 4th quarter valued at $30,000. IMS Capital Management bought a new stake in shares of AES during the 3rd quarter valued at $52,000. North Star Investment Management Corp. grew its position in shares of AES by 22.8% during the 4th 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 during the period. Finally, Huntington National Bank grew its position in shares of AES by 14.0% during the 4th quarter. Huntington National Bank now owns 5,133 shares of the utilities provider’s stock valued at $74,000 after acquiring an additional 632 shares during the period. 95.11% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently weighed in on AES. TheStreet raised shares of AES from a “c+” rating to a “b” rating in a report on Tuesday, November 6th. Zacks Investment Research downgraded shares of AES from a “buy” rating to a “hold” rating in a report on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.00.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, February 1st will be issued a $0.1365 dividend. The ex-dividend date of this dividend is Thursday, January 31st. This represents a $0.55 annualized dividend and a yield of 3.18%. This is an increase from AES’s previous quarterly dividend of $0.13. AES’s dividend payout ratio is currently 50.93%.
In other news, insider Jeffrey W. Ubben bought 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 26th. The stock was bought at an average price of $13.75 per share, with a total value of $481,250.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.16% of the company’s stock.
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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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