State of New Jersey Common Pension Fund D Cuts Position in The AES Co. (NYSE:AES)

State of New Jersey Common Pension Fund D decreased its holdings in The AES Co. (NYSE:AESFree Report) by 5.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 362,408 shares of the utilities provider’s stock after selling 21,386 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.05% of AES worth $5,509,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Coppell Advisory Solutions Corp. purchased a new stake in AES during the 4th quarter worth approximately $27,000. Gyon Technologies Capital Management LP acquired a new stake in shares of AES in the fourth quarter valued at approximately $32,000. Resurgent Financial Advisors LLC acquired a new stake in shares of AES in the fourth quarter valued at approximately $34,000. West Tower Group LLC acquired a new stake in shares of AES in the second quarter valued at approximately $35,000. Finally, Quent Capital LLC increased its holdings in shares of AES by 55.0% in the third quarter. Quent Capital LLC now owns 2,417 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 858 shares during the last quarter. Institutional investors and hedge funds own 94.49% of the company’s stock.

AES Stock Performance

NYSE AES opened at $16.88 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.74 and a debt-to-equity ratio of 5.35. The business’s 50 day moving average is $18.05 and its two-hundred day moving average is $17.15. The AES Co. has a 12-month low of $11.43 and a 12-month high of $26.77. The stock has a market capitalization of $11.30 billion, a price-to-earnings ratio of -19.18, a PEG ratio of 0.99 and a beta of 1.10.

AES Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be paid a dividend of $0.1725 per share. This is a positive change from AES’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $0.69 annualized dividend and a dividend yield of 4.09%. AES’s payout ratio is -78.41%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AES shares. TheStreet cut AES from a “c-” rating to a “d+” rating in a research note on Friday, October 20th. Morgan Stanley lowered their price target on AES from $29.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, October 25th. StockNews.com upgraded AES to a “sell” rating in a report on Friday, November 3rd. Finally, Barclays lifted their target price on AES from $18.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, AES has an average rating of “Hold” and a consensus price target of $21.33.

Check Out Our Latest Report on AES

Insider Transactions at AES

In related news, EVP Tish Mendoza sold 21,594 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $18.95, for a total value of $409,206.30. Following the sale, the executive vice president now owns 167,261 shares of the company’s stock, valued at approximately $3,169,595.95. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.01% of the company’s stock.

AES Company Profile

(Free Report)

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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Institutional Ownership by Quarter for AES (NYSE:AES)

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