The AES Co. (NYSE:AESC – Get Rating) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 88,800 shares, a growth of 315.0% from the November 30th total of 21,400 shares. Based on an average daily trading volume, of 47,000 shares, the short-interest ratio is presently 1.9 days.
Analyst Upgrades and Downgrades
Separately, TheStreet raised shares of AES from a "d+" rating to a "c" rating in a report on Friday, November 4th.
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Insider Buying and Selling at AES
In other AES news, CEO Andres Gluski sold 748,625 shares of the stock in a transaction on Wednesday, December 28th. The shares were sold at an average price of $28.43, for a total transaction of $21,283,408.75. Following the completion of the sale, the chief executive officer now owns 1,285,504 shares of the company's stock, valued at approximately $36,546,878.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Institutional Investors Weigh In On AES
Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp increased its position in AES by 4.9% in the third quarter. State Street Corp now owns 191,973 shares of the company's stock worth $16,861,000 after purchasing an additional 8,973 shares during the last quarter. Palisade Capital Management LLC NJ bought a new stake in AES in the third quarter worth $3,519,000. Prelude Capital Management LLC bought a new stake in AES in the third quarter worth $580,000. Eventide Asset Management LLC increased its position in AES by 13.3% in the third quarter. Eventide Asset Management LLC now owns 171,200 shares of the company's stock worth $15,129,000 after purchasing an additional 20,100 shares during the last quarter. Finally, BlackRock Inc. increased its position in AES by 1.5% in the third quarter. BlackRock Inc. now owns 833,459 shares of the company's stock worth $73,653,000 after purchasing an additional 12,694 shares during the last quarter.
AES Trading Down 0.4 %
Shares of AES stock traded down $0.39 on Friday, hitting $102.01. 29,067 shares of the company traded hands, compared to its average volume of 51,330. AES has a 52 week low of $79.83 and a 52 week high of $104.45.
AES Dividend Announcement
The business also recently disclosed a dividend, which was paid on Tuesday, November 15th. Stockholders of record on Friday, November 11th were given a dividend of $1.7188 per share. This represents a dividend yield of 6.95%. The ex-dividend date was Thursday, November 10th.
AES Company Profile
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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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