Pacer Advisors Inc. Has $502,000 Position in The AES Corporation $AES

Key Points

• Pacer Advisors cut its AES position by 78.9% in the first quarter, selling 133,393 shares and retaining 35,596 shares valued at approximately $502,000. Institutional investors and hedge funds collectively own 93.13% of AES.
• Analysts maintain a cautious outlook: AES has a consensus “Hold” rating from eight analysts, with an average price target of $15.71. Shares opened at $14.72 and remain within their 12-month range of $12.33 to $17.65.
• AES declared a quarterly dividend of $0.176 per share, equivalent to an annualized dividend of $0.70 and a 4.8% yield; the dividend is payable August 14 to shareholders of record July 31.

Pacer Advisors Inc. decreased its position in shares of The AES Corporation (NYSE:AES - Free Report) by 78.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,596 shares of the utilities provider's stock after selling 133,393 shares during the period. Pacer Advisors Inc.'s holdings in AES were worth $502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC lifted its stake in AES by 4.8% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 14,658 shares of the utilities provider's stock worth $210,000 after purchasing an additional 671 shares during the last quarter. New Mexico Educational Retirement Board raised its holdings in shares of AES by 2.5% during the 4th quarter. New Mexico Educational Retirement Board now owns 32,922 shares of the utilities provider's stock worth $472,000 after buying an additional 800 shares in the last quarter. Zions Bancorporation National Association UT raised its holdings in shares of AES by 3.1% during the 4th quarter. Zions Bancorporation National Association UT now owns 28,581 shares of the utilities provider's stock worth $410,000 after buying an additional 852 shares in the last quarter. S&CO Inc. lifted its position in shares of AES by 6.2% during the 4th quarter. S&CO Inc. now owns 17,000 shares of the utilities provider's stock worth $243,000 after buying an additional 1,000 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in AES by 61.0% in the first quarter. EverSource Wealth Advisors LLC now owns 5,296 shares of the utilities provider's stock valued at $75,000 after buying an additional 2,006 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of AES in a research note on Monday, June 1st. Eight analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $15.71.

AES Trading Down 0.0%

Shares of AES stock opened at $14.72 on Wednesday. The firm has a market capitalization of $10.51 billion, a P/E ratio of 7.87 and a beta of 0.97. The AES Corporation has a twelve month low of $12.33 and a twelve month high of $17.65. The company has a quick ratio of 0.67, a current ratio of 0.75 and a debt-to-equity ratio of 2.93. The stock's fifty day simple moving average is $14.71 and its 200 day simple moving average is $14.76.

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid a $0.176 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $0.70 annualized dividend and a dividend yield of 4.8%. AES's dividend payout ratio is currently 37.43%.

AES Profile

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company's portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.

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