AES Corp (AES) Holdings Lessened by Stoneridge Investment Partners LLC
Stoneridge Investment Partners LLC cut its position in shares of AES Corp (NYSE:AES) by 21.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 109,783 shares of the utilities provider’s stock after selling 30,715 shares during the period. Stoneridge Investment Partners LLC’s holdings in AES were worth $1,587,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of AES. Jane Street Group LLC bought a new position in shares of AES during the second quarter worth about $543,000. Advisors Asset Management Inc. increased its stake in shares of AES by 55.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,155,454 shares of the utilities provider’s stock valued at $15,495,000 after purchasing an additional 409,976 shares during the last quarter. Lourd Capital LLC bought a new position in shares of AES in the 3rd quarter valued at $205,000. Cookson Peirce & Co. Inc. bought a new position in shares of AES in the 3rd quarter valued at $992,000. Finally, First Hawaiian Bank bought a new position in shares of AES in the 3rd quarter valued at $336,000. Institutional investors and hedge funds own 95.11% of the company’s stock.
Shares of NYSE AES traded up $0.08 during mid-day trading on Monday, hitting $17.30. 77,411 shares of the stock traded hands, compared to its average volume of 5,169,161. The company has a quick ratio of 1.10, a current ratio of 1.24 and a debt-to-equity ratio of 3.17. AES Corp has a twelve month low of $9.86 and a twelve month high of $17.23. The company has a market cap of $11.54 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 1.43 and a beta of 1.03.
In other news, insider Jeffrey W. Ubben acquired 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 26th. The shares were bought at an average price of $13.75 per share, with a total value of $481,250.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.16% of the company’s stock.
AES has been the topic of several recent analyst reports. TheStreet upgraded AES from a “c+” rating to a “b” rating in a research note on Tuesday, November 6th. Zacks Investment Research upgraded AES from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Monday, January 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $14.00.
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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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