Chevy Chase Trust Holdings lowered its stake in AES Corp (NYSE:AES) by 1.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The hedge fund owned 556,944 shares of the company’s stock after selling 5,459 shares during the period. Chevy Chase Trust Holdings owned about 0.08% of AES Corp worth $5,330,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Quantitative Systematic Strategies purchased a new position in shares of AES Corp during the fourth quarter valued at $307,000. ICON Advisers purchased a new position in shares of AES Corp during the third quarter valued at $562,000. Capstone Asset Management Company boosted its position in shares of 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. CIBC World Markets purchased a new position in shares of AES Corp during the fourth quarter valued at $1,126,000. Finally, Janus Capital Management boosted its position in shares of AES Corp by 412.2% in the third quarter. Janus Capital Management now owns 201,434 shares of the company’s stock valued at $1,972,000 after buying an additional 162,108 shares during the last quarter.

Shares of AES Corp (NYSE:AES) opened at 8.74 on Tuesday. The company has a 50-day moving average of $9.15 and a 200 day moving average of $10.73. The stock has a market capitalization of $5.88 billion and a price-to-earnings ratio of 10.38. AES Corp has a one year low of $8.22 and a one year high of $14.02.

AES Corp (NYSE:AES) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.03. The business earned $3.72 billion during the quarter, compared to analysts’ expectations of $5.08 billion. The company’s revenue was down 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS. Equities research analysts forecast that AES Corp will post $1.21 earnings per share 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 given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend is Friday, January 29th. This is a boost from AES Corp’s previous quarterly dividend of $0.04.

Several research analysts have recently weighed in on the stock. Barclays lowered their price target on shares of AES Corp from $14.00 to $12.00 and set an “overweight” rating on the stock 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 lowered their price target on shares of AES Corp from $14.50 to $13.00 and set an “outperform” rating on the stock in a research report on Monday, November 23rd. Evercore ISI lowered their price target on shares of AES Corp from $15.00 to $13.25 and set a “buy” rating on the stock 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 on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. AES Corp currently has a consensus rating of “Buy” and a consensus target price of $13.38.

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