Chicago Capital Management LLC purchased a new stake in The AES Co. (NYSE:AESC – Get Rating) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 29,147 shares of the company's stock, valued at approximately $2,576,000. AES comprises 1.4% of Chicago Capital Management LLC's holdings, making the stock its 18th largest holding.
Separately, Edgemoor Investment Advisors Inc. boosted its holdings in AES by 1.1% in the 3rd quarter. Edgemoor Investment Advisors Inc. now owns 87,149 shares of the company's stock valued at $7,701,000 after purchasing an additional 907 shares during the period.
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Wall Street Analysts Forecast Growth
Separately, TheStreet upgraded shares of AES from a "d+" rating to a "c" rating in a research report on Friday, November 4th.
AES Stock Performance
Shares of NYSE:AESC traded down $0.91 during trading on Tuesday, reaching $96.00. The stock had a trading volume of 442 shares, compared to its average volume of 46,150. The business's fifty day moving average is $99.91. The AES Co. has a 52 week low of $79.83 and a 52 week high of $104.45.
AES Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Tuesday, February 14th will be issued a dividend of $1.7188 per share. The ex-dividend date of this dividend is Monday, February 13th. This represents a $6.88 annualized dividend and a yield of 7.16%.
Insiders Place Their Bets
In other news, CEO Andres Gluski sold 748,625 shares of the stock in a transaction dated Wednesday, December 28th. The shares were sold at an average price of $28.43, for a total value of $21,283,408.75. Following the completion of the sale, the chief executive officer now owns 1,285,504 shares in the company, valued at $36,546,878.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
AES 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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