Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $2.70 Million Stock Position in AES Corp (NYSE:AES)

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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in AES Corp (NYSE:AES) by 18.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,492 shares of the utilities provider’s stock after buying an additional 21,650 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in AES were worth $2,703,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Citizens Financial Group Inc RI grew its stake in AES by 1,375.4% in the 3rd quarter. Citizens Financial Group Inc RI now owns 1,741 shares of the utilities provider’s stock valued at $28,000 after buying an additional 1,623 shares during the last quarter. CWM LLC grew its stake in AES by 116.4% in the 3rd quarter. CWM LLC now owns 1,913 shares of the utilities provider’s stock valued at $31,000 after buying an additional 1,029 shares during the last quarter. Endurance Wealth Management Inc. acquired a new position in AES in the 3rd quarter valued at $35,000. Northwest Investment Counselors LLC acquired a new position in AES in the 3rd quarter valued at $45,000. Finally, Prime Capital Investment Advisors LLC acquired a new position in AES in the 3rd quarter valued at $48,000. Institutional investors and hedge funds own 91.75% of the company’s stock.

NYSE:AES opened at $20.93 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 3.32. The firm has a market capitalization of $13.83 billion, a PE ratio of 15.09, a PEG ratio of 1.64 and a beta of 1.05. The firm’s fifty day simple moving average is $20.29 and its 200 day simple moving average is $17.77. AES Corp has a 1 year low of $14.60 and a 1 year high of $21.01.

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.1433 dividend. This represents a $0.57 annualized dividend and a yield of 2.74%. This is a positive change from AES’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, January 30th. AES’s dividend payout ratio (DPR) is currently 45.97%.

A number of research analysts recently issued reports on the stock. TheStreet upgraded shares of AES from a “c+” rating to a “b” rating in a research note on Wednesday, November 6th. SunTrust Banks raised their target price on shares of AES from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, February 10th. UBS Group raised their target price on shares of AES from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Finally, Morgan Stanley raised their target price on shares of AES from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $19.26.

AES Company Profile

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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