Kentucky Retirement Systems Insurance Trust Fund Has $299,000 Holdings in The AES Co. (NYSE:AES)

Kentucky Retirement Systems Insurance Trust Fund raised its position in The AES Co. (NYSE:AES) by 10.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,253 shares of the utilities provider’s stock after purchasing an additional 2,204 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in AES were worth $299,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AES. Creative Planning raised its stake in shares of AES by 7.4% in the 3rd quarter. Creative Planning now owns 113,165 shares of the utilities provider’s stock valued at $2,270,000 after purchasing an additional 7,782 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of AES by 3.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 67,949 shares of the utilities provider’s stock valued at $1,363,000 after purchasing an additional 2,150 shares during the period. Blue Trust Inc. raised its stake in shares of AES by 69.3% in the 3rd quarter. Blue Trust Inc. now owns 3,688 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 1,509 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of AES by 594.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 271,423 shares of the utilities provider’s stock valued at $5,445,000 after purchasing an additional 232,355 shares during the period. Finally, Waldron Private Wealth LLC acquired a new stake in shares of AES in the 3rd quarter valued at about $325,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. HSBC assumed coverage on AES in a report on Friday, December 13th. They issued a “buy” rating and a $17.00 price objective for the company. Hsbc Global Res upgraded AES to a “strong-buy” rating in a report on Friday, December 13th. Barclays decreased their price objective on AES from $17.00 to $12.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Bank of America assumed coverage on AES in a report on Monday, November 25th. They issued an “underperform” rating and a $11.00 price objective for the company. Finally, Mizuho decreased their price objective on AES from $24.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, AES currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.80.

AES Trading Up 1.1 %

AES stock opened at $10.41 on Thursday. The AES Co. has a 52 week low of $9.88 and a 52 week high of $22.21. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The stock has a market capitalization of $7.40 billion, a P/E ratio of 7.23, a PEG ratio of 0.77 and a beta of 0.99. The stock has a 50-day simple moving average of $11.82 and a 200 day simple moving average of $14.82.

AES Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date of this dividend was Friday, January 31st. This is a boost from AES’s previous quarterly dividend of $0.17. AES’s payout ratio is currently 48.61%.

AES Company Profile

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; 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.