Arcadia Investment Management Corp MI Purchases New Shares in The AES Co. (NYSE:AES)

Arcadia Investment Management Corp MI purchased a new stake in The AES Co. (NYSE:AES) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 12,800 shares of the utilities provider’s stock, valued at approximately $165,000.

Other large investors have also added to or reduced their stakes in the company. Millburn Ridgefield Corp bought a new stake in AES in the third quarter valued at $28,000. Cromwell Holdings LLC boosted its holdings in AES by 59.1% in the third quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 640 shares in the last quarter. Brooklyn Investment Group bought a new stake in AES in the third quarter valued at $63,000. Blue Trust Inc. boosted its holdings in AES by 69.3% in the third quarter. Blue Trust Inc. now owns 3,688 shares of the utilities provider’s stock valued at $74,000 after acquiring an additional 1,509 shares in the last quarter. Finally, Toth Financial Advisory Corp purchased a new position in AES during the fourth quarter valued at $95,000. Institutional investors own 93.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on AES shares. Bank of America started coverage on AES in a research report on Monday, November 25th. They set an “underperform” rating and a $11.00 price objective for the company. Hsbc Global Res raised AES to a “strong-buy” rating in a research report on Friday, December 13th. Susquehanna lowered their price objective on AES from $24.00 to $21.00 and set a “positive” rating for the company in a research report on Tuesday, November 5th. Barclays lowered their price objective on AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Finally, Mizuho lowered their price objective on AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.80.

AES Price Performance

Shares of NYSE:AES opened at $10.68 on Friday. The business has a 50-day simple moving average of $11.76 and a two-hundred day simple moving average of $14.79. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 7.41, a price-to-earnings-growth ratio of 0.80 and a beta of 0.99. The AES Co. has a fifty-two week low of $9.88 and a fifty-two week high of $22.21. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85.

AES Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.176 per share. The ex-dividend date was Friday, January 31st. This is an increase from AES’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.59%. AES’s payout ratio is 48.61%.

About AES

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; 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.