12,800 Shares in The AES Co. (NYSE:AES) Acquired by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI acquired a new stake in shares of The AES Co. (NYSE:AES) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 12,800 shares of the utilities provider’s stock, valued at approximately $165,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Private Advisor Group LLC grew its holdings in AES by 118.0% during the 4th quarter. Private Advisor Group LLC now owns 39,103 shares of the utilities provider’s stock valued at $503,000 after buying an additional 21,168 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its holdings in AES by 10.5% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 23,253 shares of the utilities provider’s stock valued at $299,000 after buying an additional 2,204 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in AES during the 4th quarter valued at approximately $95,000. Atria Wealth Solutions Inc. bought a new position in shares of AES during the 4th quarter valued at approximately $1,502,000. Finally, Empower Advisory Group LLC boosted its position in shares of AES by 12.5% during the 4th quarter. Empower Advisory Group LLC now owns 3,961,827 shares of the utilities provider’s stock valued at $50,989,000 after acquiring an additional 439,493 shares during the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.

AES Stock Performance

AES stock opened at $10.68 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The business’s fifty day simple moving average is $11.76 and its two-hundred day simple moving average is $14.79. The AES Co. has a twelve month low of $9.88 and a twelve month high of $22.21. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 7.41, a PEG ratio of 0.80 and a beta of 0.99.

AES Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.176 dividend. This is a positive change from AES’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, January 31st. This represents a $0.70 dividend on an annualized basis and a yield of 6.59%. AES’s dividend payout ratio (DPR) is presently 48.61%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AES shares. Susquehanna lowered their target price on AES from $24.00 to $21.00 and set a “positive” rating for the company in a research report on Tuesday, November 5th. HSBC started coverage on AES in a research report on Friday, December 13th. They set a “buy” rating and a $17.00 target price for the company. Mizuho lowered their target price on AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, November 21st. Hsbc Global Res upgraded AES to a “strong-buy” rating in a research report on Friday, December 13th. Finally, Barclays lowered their price target on AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.80.

About AES

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; 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.