TD Asset Management Inc Sells 5,303 Shares of The AES Co. (NYSE:AES)

TD Asset Management Inc lessened its position in The AES Co. (NYSE:AES) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 284,930 shares of the utilities provider’s stock after selling 5,303 shares during the period. TD Asset Management Inc’s holdings in AES were worth $5,907,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AES. Coppell Advisory Solutions Corp. bought a new position in shares of AES in the fourth quarter worth approximately $27,000. Gyon Technologies Capital Management LP bought a new position in shares of AES in the fourth quarter worth approximately $32,000. Resurgent Financial Advisors LLC bought a new position in shares of AES in the fourth quarter worth approximately $34,000. Exchange Traded Concepts LLC bought a new position in shares of AES in the second quarter worth approximately $35,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in shares of AES by 5,681.8% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,272 shares of the utilities provider’s stock worth $37,000 after buying an additional 1,250 shares in the last quarter. Institutional investors own 94.49% of the company’s stock.

Wall Street Analyst Weigh In

AES has been the topic of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of AES from $29.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 25th. TheStreet downgraded shares of AES from a “c-” rating to a “d+” rating in a research report on Friday, October 20th. Barclays lowered their price objective on shares of AES from $25.00 to $17.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 17th. Royal Bank of Canada lowered their price objective on shares of AES from $26.00 to $23.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 6th. Finally, UBS Group downgraded shares of AES from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $22.00 to $13.00 in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $23.13.

Insider Transactions at AES

In other news, CFO Stephen Coughlin acquired 1,529 shares of AES stock in a transaction dated Tuesday, November 7th. The stock was purchased at an average cost of $16.40 per share, with a total value of $25,075.60. Following the completion of the purchase, the chief financial officer now directly owns 78,037 shares in the company, valued at approximately $1,279,806.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Stephen Coughlin acquired 1,529 shares of AES stock in a transaction dated Tuesday, November 7th. The stock was purchased at an average cost of $16.40 per share, with a total value of $25,075.60. Following the completion of the purchase, the chief financial officer now directly owns 78,037 shares in the company, valued at approximately $1,279,806.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Ricardo Manuel Falu bought 2,450 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average cost of $16.30 per share, with a total value of $39,935.00. Following the completion of the purchase, the chief operating officer now directly owns 61,981 shares of the company’s stock, valued at approximately $1,010,290.30. The disclosure for this purchase can be found here. Insiders bought a total of 57,039 shares of company stock valued at $934,195 over the last three months. Corporate insiders own 0.01% of the company’s stock.

AES Stock Up 1.2 %

Shares of AES stock opened at $17.21 on Tuesday. The AES Co. has a 12 month low of $11.43 and a 12 month high of $29.89. The stock has a market cap of $11.52 billion, a P/E ratio of -19.56, a P/E/G ratio of 0.98 and a beta of 1.07. The company has a current ratio of 0.83, a quick ratio of 0.74 and a debt-to-equity ratio of 5.35. The company has a 50 day simple moving average of $15.21 and a two-hundred day simple moving average of $18.48.

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were paid a $0.1659 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.86%. AES’s dividend payout ratio (DPR) is presently -75.00%.

AES Company Profile

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.