The AES Co. (NYSE:AESC – Get Rating) shares were up 1% during mid-day trading on Friday . The company traded as high as $101.92 and last traded at $101.92. Approximately 5,353 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 51,860 shares. The stock had previously closed at $100.96.
Analyst Upgrades and Downgrades
Separately, TheStreet raised AES from a "d+" rating to a "c" rating in a report on Friday, November 4th.
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AES Price Performance
AES Dividend Announcement
The firm also recently announced a dividend, which was paid on Tuesday, November 15th. Shareholders of record on Friday, November 11th were issued a $1.7188 dividend. This represents a yield of 6.95%. The ex-dividend date was Thursday, November 10th.
Institutional Trading of AES
Institutional investors have recently modified their holdings of the company. UBS Group AG acquired a new stake in shares of AES during the 3rd quarter worth approximately $219,000. Prelude Capital Management LLC acquired a new stake in shares of AES during the 3rd quarter worth approximately $580,000. Chicago Capital Management LLC acquired a new stake in shares of AES during the 3rd quarter worth approximately $2,576,000. Palisade Capital Management LLC NJ acquired a new stake in shares of AES during the 3rd quarter worth approximately $3,519,000. Finally, Edgemoor Investment Advisors Inc. grew its holdings in shares of AES by 1.1% during the 3rd quarter. Edgemoor Investment Advisors Inc. now owns 87,149 shares of the company's stock worth $7,701,000 after purchasing an additional 907 shares in the last quarter.
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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