Oregon Public Employees Retirement Fund Lowers Stock Position in AES Corp (NYSE:AES)

Oregon Public Employees Retirement Fund trimmed its stake in shares of AES Corp (NYSE:AES) by 38.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 187,717 shares of the utilities provider’s stock after selling 119,576 shares during the period. Oregon Public Employees Retirement Fund’s holdings in AES were worth $3,736,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Citizens Financial Group Inc RI lifted its position in shares of AES by 1,375.4% during the 3rd quarter. Citizens Financial Group Inc RI now owns 1,741 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 1,623 shares during the period. CWM LLC lifted its position in shares of AES by 116.4% during the 3rd quarter. CWM LLC now owns 1,913 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 1,029 shares during the period. Endurance Wealth Management Inc. acquired a new stake in shares of AES during the 3rd quarter valued at approximately $35,000. Northwest Investment Counselors LLC acquired a new stake in shares of AES during the 3rd quarter valued at approximately $45,000. Finally, Prime Capital Investment Advisors LLC acquired a new stake in shares of AES during the 3rd quarter valued at approximately $48,000. Institutional investors own 91.75% of the company’s stock.

Shares of AES stock traded up $0.08 during trading on Friday, hitting $20.91. 64,119 shares of the company were exchanged, compared to its average volume of 3,527,252. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 3.32. AES Corp has a fifty-two week low of $14.60 and a fifty-two week high of $21.01. The stock has a market capitalization of $13.62 billion, a price-to-earnings ratio of 27.49, a P/E/G ratio of 1.62 and a beta of 1.05. The firm has a 50 day moving average price of $20.27 and a 200 day moving average price of $17.75.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.1433 per share. This is an increase from AES’s previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Thursday, January 30th. AES’s payout ratio is currently 45.97%.

A number of equities research analysts have recently issued reports on AES shares. SunTrust Banks lifted their price target on shares of AES from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Monday. Morgan Stanley lifted their price target on shares of AES from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, December 16th. TheStreet upgraded AES from a “c+” rating to a “b” rating in a research report on Wednesday, November 6th. Finally, UBS Group lifted their price objective on AES from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $19.26.

AES 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.

Further Reading: Gap Down Stocks

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Institutional Ownership by Quarter for AES (NYSE:AES)

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