AES Corp (NYSE:AES) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 21,895,682 shares, an increase of 50.8% from the January 12th total of 14,517,838 shares. Based on an average daily volume of 14,858,273 shares, the days-to-cover ratio is presently 1.5 days. Currently, 3.3% of the shares of the stock are sold short.
Several institutional investors and hedge funds have recently modified their holdings of the company. Capital International Investors boosted its stake 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 during the period. Aristotle Capital Management LLC boosted its stake in shares of AES by 7.3% during the fourth quarter. Aristotle Capital Management LLC now owns 17,420,583 shares of the utilities provider’s stock valued at $188,665,000 after purchasing an additional 1,182,054 shares during the period. Prudential Financial Inc. boosted its stake in shares of AES by 10.7% during the third quarter. Prudential Financial Inc. now owns 11,399,720 shares of the utilities provider’s stock valued at $125,625,000 after purchasing an additional 1,103,750 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake 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 during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of AES by 8.0% during the fourth quarter. Bank of New York Mellon Corp now owns 10,578,482 shares of the utilities provider’s stock valued at $114,566,000 after purchasing an additional 786,421 shares during the period. 90.40% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on the stock. SunTrust Banks set a $14.00 price objective on shares of AES and gave the stock a “buy” rating in a research note on Monday. UBS Group assumed coverage on shares of AES in a research note on Friday, February 2nd. They set a “neutral” rating and a $12.00 price objective for the company. ValuEngine lowered shares of AES from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Bank of America raised shares of AES from an “underperform” rating to a “neutral” rating and set a $11.50 price objective for the company in a research note on Tuesday, October 24th. Finally, Morgan Stanley dropped their price objective on shares of AES from $14.00 to $12.50 and set an “equal weight” rating for the company in a research note on Wednesday, December 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $12.42.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be paid a dividend of $0.13 per share. This is a positive change from AES’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date is Wednesday, January 31st. AES’s payout ratio is currently -44.44%.
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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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