AES Corp (NYSE:AES) saw a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 9,040,000 shares, a decrease of 6.8% from the January 15th total of 9,700,000 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily volume of 5,310,000 shares, the days-to-cover ratio is presently 1.7 days.

Shares of AES opened at $20.93 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 3.32. The firm has a market capitalization of $13.83 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 1.64 and a beta of 1.05. The stock’s fifty day simple moving average is $20.29 and its 200 day simple moving average is $17.77. AES has a twelve month low of $14.60 and a twelve month high of $21.01.

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.1433 dividend. This is a positive change 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 was Thursday, January 30th. AES’s dividend payout ratio (DPR) is 45.97%.

Several institutional investors and hedge funds have recently modified their holdings of AES. FMR LLC raised its position in shares of AES by 45.9% in the 4th quarter. FMR LLC now owns 26,528,636 shares of the utilities provider’s stock worth $527,919,000 after buying an additional 8,346,247 shares during the period. River Road Asset Management LLC purchased a new position in shares of AES in the 3rd quarter worth $64,937,000. Renaissance Technologies LLC raised its position in shares of AES by 26.8% in the 4th quarter. Renaissance Technologies LLC now owns 13,558,100 shares of the utilities provider’s stock worth $269,806,000 after buying an additional 2,866,806 shares during the period. Goldman Sachs Group Inc. raised its position in shares of AES by 16.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 14,300,273 shares of the utilities provider’s stock worth $284,576,000 after buying an additional 2,033,389 shares during the period. Finally, BlackRock Inc. raised its position in shares of AES by 2.8% in the 2nd quarter. BlackRock Inc. now owns 62,062,199 shares of the utilities provider’s stock worth $1,040,161,000 after buying an additional 1,688,310 shares during the period. 91.75% of the stock is currently owned by institutional investors and hedge funds.

AES has been the topic of a number of recent analyst reports. UBS Group increased their price target on AES from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. TheStreet raised AES from a “c+” rating to a “b” rating in a research note on Wednesday, November 6th. SunTrust Banks increased their price target on AES from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Morgan Stanley increased their price target on AES from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $19.26.

About AES

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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