The AES Co. (NYSE:AESC – Get Rating) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 69,400 shares, a growth of 473.6% from the January 15th total of 12,100 shares. Based on an average daily volume of 56,000 shares, the days-to-cover ratio is currently 1.2 days.
AES Stock Performance
AESC stock traded up $1.35 during mid-day trading on Friday, reaching $96.44. The company's stock had a trading volume of 3,576 shares, compared to its average volume of 56,542. The business's 50 day moving average price is $99.49. AES has a 12 month low of $79.83 and a 12 month high of $104.45.
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AES Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Tuesday, February 14th will be issued a $1.7188 dividend. The ex-dividend date of this dividend is Monday, February 13th. This represents a $6.88 dividend on an annualized basis and a yield of 7.13%.
Analysts Set New Price Targets
Separately, TheStreet upgraded AES from a "d+" rating to a "c" rating in a research report on Friday, November 4th.
Insider Activity
In other news, CEO Andres Gluski sold 748,625 shares of AES stock in a transaction dated Wednesday, December 28th. The stock was sold at an average price of $28.43, for a total transaction of $21,283,408.75. Following the sale, the chief executive officer now directly owns 1,285,504 shares of the company's stock, valued at $36,546,878.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Institutional Investors Weigh In On AES
Hedge funds have recently added to or reduced their stakes in the business. State Street Corp increased its holdings 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 in the last quarter. Bank of America Corp DE grew its stake in AES by 246.0% in the fourth quarter. Bank of America Corp DE now owns 82,439 shares of the company's stock valued at $8,410,000 after acquiring an additional 58,614 shares during the period. UBS Group AG grew its stake in AES by 41.5% in the fourth quarter. UBS Group AG now owns 3,504 shares of the company's stock valued at $357,000 after acquiring an additional 1,027 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in AES by 24.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 202,303 shares of the company's stock valued at $20,637,000 after acquiring an additional 39,760 shares during the period. Finally, Mizuho Securities USA LLC acquired a new stake in AES in the fourth quarter valued at approximately $2,009,000.
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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