Capstone Asset Management Company increased its position in shares of AES Corp (NYSE:AES) by 117.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,299 shares of the company’s stock after buying an additional 95,697 shares during the period. Capstone Asset Management Company’s holdings in AES Corp were worth $1,697,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Janus Capital Management increased its stake in AES Corp by 412.2% in the third quarter. Janus Capital Management now owns 201,434 shares of the company’s stock worth $1,972,000 after buying an additional 162,108 shares during the period. CIBC World Markets acquired a new stake in AES Corp during the fourth quarter worth about $1,126,000. ICON Advisers acquired a new stake in AES Corp during the third quarter worth about $562,000. Finally, Quantitative Systematic Strategies acquired a new stake in AES Corp during the fourth quarter worth about $307,000.

AES Corp (NYSE:AES) traded down 0.11% during trading on Wednesday, hitting $9.03. The stock had a trading volume of 620,557 shares. AES Corp has a 52 week low of $8.22 and a 52 week high of $14.02. The firm has a market cap of $6.08 billion and a PE ratio of 10.72. The company’s 50-day moving average is $9.14 and its 200 day moving average is $10.70.

AES Corp (NYSE:AES) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.03. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $5.08 billion. The firm’s quarterly revenue was down 16.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.37 earnings per share. Equities analysts expect that AES Corp will post $1.21 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 16th. Stockholders of record on Tuesday, February 2nd will be issued a dividend of $0.11 per share. This is an increase from AES Corp’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Friday, January 29th. This represents a $0.44 annualized dividend and a dividend yield of 4.87%.

A number of analysts recently issued reports on the stock. Evercore ISI dropped their target price on shares of AES Corp from $15.00 to $13.25 and set a “buy” rating for the company in a research report on Friday, November 6th. Zacks Investment Research raised shares of AES Corp from a “sell” rating to a “hold” rating in a research report on Monday, November 2nd. Macquarie lowered their price objective on shares of AES Corp from $14.50 to $13.00 and set an “outperform” rating for the company in a research report on Monday, November 23rd. Wolfe Research started coverage on shares of AES Corp in a research report on Wednesday, November 4th. They issued a “peer perform” rating for the company. Finally, Barclays lowered their price objective on shares of AES Corp from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Friday, January 15th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $13.38.

In related news, VP Elizabeth Hackenson acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 12th. The shares were acquired at an average cost of $9.81 per share, with a total value of $49,050.00. Following the purchase, the vice president now owns 68,659 shares of the company’s stock, valued at $673,544.79. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andres Gluski acquired 20,250 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The stock was bought at an average cost of $9.88 per share, for a total transaction of $200,070.00. Following the completion of the purchase, the chief executive officer now directly owns 595,615 shares in the company, valued at approximately $5,884,676.20. The disclosure for this purchase can be found here.

The AES Corporation (NYSE:AES) is a holding company that operates a portfolio of electricity generation and distribution businesses. The Company is organized into six market-oriented Strategic Business Units (SBUs): the United States, Andes (Chile, Colombia and Argentina), Brazil, MCAC (Mexico, Central America and Caribbean), Europe (formerly EMEA) and Asia. Within these six SBUs, the Company has two lines of business: generation and utilities. Under the generation business line, the Company owns and operates power plants to generate and sell power to customers, such as utilities, industrial users and other intermediaries. Under the utilities business line, the Company owns and operates utilities to generate or purchase, distribute, transmit and sell electricity to end-user customers in the residential, commercial, industrial and governmental sectors within a defined service area. Its utilities also generate and sell electricity on the wholesale market.

12 Month Chart for NYSE:AES

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