Mackay Shields LLC decreased its holdings in The AES Co. (NYSE:AESC – Get Rating) by 1.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 389,379 shares of the company's stock after selling 4,076 shares during the period. Mackay Shields LLC's holdings in AES were worth $39,839,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. State Street Corp grew its holdings in AES by 4.9% during the 3rd quarter. State Street Corp now owns 191,973 shares of the company's stock worth $16,861,000 after acquiring an additional 8,973 shares during the last quarter. Palisade Capital Management LLC NJ bought a new position in shares of AES in the 3rd quarter valued at about $3,519,000. Prelude Capital Management LLC bought a new position in shares of AES in the 3rd quarter valued at about $580,000. Eventide Asset Management LLC boosted its stake in shares of AES by 13.3% in the 3rd quarter. Eventide Asset Management LLC now owns 171,200 shares of the company's stock valued at $15,129,000 after purchasing an additional 20,100 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in AES by 1.5% during the 3rd quarter. BlackRock Inc. now owns 833,459 shares of the company's stock worth $73,653,000 after acquiring an additional 12,694 shares during the last quarter.

AES Stock Performance

AESC stock traded up $0.71 during mid-day trading on Tuesday, hitting $93.04. 853 shares of the company were exchanged, compared to its average volume of 65,268. The business has a 50 day simple moving average of $91.47. The AES Co. has a 1-year low of $79.83 and a 1-year high of $104.45.

AES Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Tuesday, February 14th were issued a dividend of $1.7188 per share. The ex-dividend date of this dividend was Monday, February 13th. This represents a $6.88 annualized dividend and a yield of 7.39%.

Analysts Set New Price Targets

Separately, TheStreet lowered shares of AES from a "c" rating to a "d" rating in a research note on Monday, February 27th.

About AES

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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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