Candriam Luxembourg S.C.A. reduced its position in AES Corp (NYSE:AES) by 96.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,520 shares of the company’s stock after selling 821,301 shares during the period. Candriam Luxembourg S.C.A.’s holdings in AES Corp were worth $292,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Sentry Investment Management raised its stake in AES Corp by 16.2% in the fourth quarter. Sentry Investment Management now owns 35,268 shares of the company’s stock valued at $338,000 after buying an additional 4,912 shares during the last quarter. Dearborn Partners LLC raised its stake in AES Corp by 11.7% in the fourth quarter. Dearborn Partners LLC now owns 149,938 shares of the company’s stock valued at $1,435,000 after buying an additional 15,750 shares during the last quarter. Quantitative Systematic Strategies acquired a new stake in AES Corp during the fourth quarter valued at approximately $307,000. ICON Advisers acquired a new stake in AES Corp during the third quarter valued at approximately $562,000. Finally, Capstone Asset Management Company raised its stake in AES Corp by 117.3% in the fourth quarter. Capstone Asset Management Company now owns 177,299 shares of the company’s stock valued at $1,697,000 after buying an additional 95,697 shares during the last quarter.

AES Corp (NYSE:AES) traded down 0.5274% during midday trading on Monday, reaching $9.4499. 3,030,050 shares of the company traded hands. The stock has a market capitalization of $6.36 billion and a P/E ratio of 11.2232. AES Corp has a 1-year low of $8.22 and a 1-year high of $14.02. The firm has a 50-day moving average of $9.14 and a 200-day moving average of $10.65.

AES Corp (NYSE:AES) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The business earned $3.72 billion during the quarter, compared to analyst estimates of $5.08 billion. During the same period in the prior year, the business posted $0.37 EPS. AES Corp’s revenue was down 16.2% compared to the same quarter last year. On average, analysts predict that AES Corp will post $1.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 16th. Shareholders of record on Tuesday, February 2nd will be issued a $0.11 dividend. This is an increase from AES Corp’s previous quarterly dividend of $0.04. This represents a $0.44 annualized dividend and a yield of 4.63%. The ex-dividend date is Friday, January 29th.

Several equities research analysts have recently commented on the stock. Barclays reduced their price target 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. Zacks Investment Research raised shares of AES Corp from a “sell” rating to a “hold” rating in a research report on Tuesday, December 29th. Macquarie reduced their price target 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. Evercore ISI reduced their price target 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. Finally, Wolfe Research assumed coverage on shares of AES Corp in a research report on Wednesday, November 4th. They set a “peer perform” rating for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. AES Corp currently has an average rating of “Buy” and an average price target of $13.38.

In other AES Corp news, CEO Andres Gluski purchased 20,250 shares of the stock in a transaction on Monday, November 9th. The stock was acquired at an average price of $9.88 per share, with a total value of $200,070.00. Following the completion of the acquisition, the chief executive officer now owns 595,615 shares in the company, valued at $5,884,676.20. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO Thomas M. O’flynn purchased 20,000 shares of the stock in a transaction on Tuesday, November 10th. The stock was acquired at an average cost of $10.08 per share, with a total value of $201,600.00. Following the acquisition, the chief financial officer now owns 211,757 shares of the company’s stock, valued at approximately $2,134,510.56. 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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