AES Corp (AES) Short Interest Update
AES Corp (NYSE:AES) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 21,895,682 shares, a growth of 50.8% from the January 12th total of 14,517,838 shares. Based on an average daily volume of 14,858,273 shares, the days-to-cover ratio is currently 1.5 days. Approximately 3.3% of the shares of the stock are sold short.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AES. Trilogy Capital Inc. purchased a new position in AES during the 4th quarter valued at approximately $135,000. Cypress Capital Group purchased a new position in AES during the 3rd quarter valued at approximately $138,000. Beacon Investment Advisory Services Inc. purchased a new position in AES during the 4th quarter valued at approximately $142,000. Buckley Wealth Management LLC purchased a new position in AES during the 4th quarter valued at approximately $163,000. Finally, CAPROCK Group Inc. grew its holdings in AES by 69.5% during the 4th quarter. CAPROCK Group Inc. now owns 19,692 shares of the utilities provider’s stock valued at $217,000 after buying an additional 8,073 shares in the last quarter. Institutional investors and hedge funds own 92.58% of the company’s stock.
Several analysts recently issued reports on the company. ValuEngine cut AES from a “buy” rating to a “hold” rating in a research report on Thursday. UBS Group assumed coverage on AES in a research report on Friday, February 2nd. They set a “neutral” rating and a $12.00 target price for the company. Morgan Stanley cut their target price on AES from $14.00 to $12.50 and set an “equal weight” rating for the company in a research report on Wednesday, December 13th. Finally, Bank of America upgraded AES from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $12.58.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 5.10%. The ex-dividend date of this dividend is Wednesday, January 31st. This is a boost from AES’s previous quarterly dividend of $0.12. AES’s dividend payout ratio (DPR) is currently -1,733.33%.
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The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.
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