Infrastructure Capital Advisors LLC Purchases New Position in The AES Co. (NYSE:AESC)

Infrastructure Capital Advisors LLC acquired a new position in The AES Co. (NYSE:AESC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,018 shares of the company’s stock, valued at approximately $628,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC acquired a new stake in shares of AES during the 1st quarter valued at about $126,000. Citigroup Inc. acquired a new stake in AES in the first quarter valued at approximately $131,000. UBS Group AG purchased a new stake in shares of AES in the third quarter valued at approximately $219,000. Stifel Financial Corp acquired a new position in shares of AES during the 1st quarter worth approximately $228,000. Finally, Atria Wealth Solutions Inc. lifted its position in shares of AES by 7.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 6,423 shares of the company’s stock valued at $655,000 after buying an additional 461 shares in the last quarter.

AES Price Performance

Shares of NYSE AESC opened at $69.01 on Friday. The AES Co. has a one year low of $67.86 and a one year high of $104.45. The firm has a fifty day moving average of $78.42 and a 200 day moving average of $83.41.

AES Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, August 14th were given a dividend of $1.7188 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $6.88 annualized dividend and a dividend yield of 9.96%.

Insider Activity at AES

In other AES news, Director Maura Shaughnessy purchased 12,500 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average cost of $19.49 per share, for a total transaction of $243,625.00. Following the completion of the transaction, the director now owns 60,653 shares of the company’s stock, valued at approximately $1,182,126.97. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Alain Monie purchased 27,400 shares of AES stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average price of $18.27 per share, with a total value of $500,598.00. Following the transaction, the director now owns 28,725 shares in the company, valued at $524,805.75. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Maura Shaughnessy bought 12,500 shares of AES stock in a transaction on Tuesday, August 8th. The stock was acquired at an average price of $19.49 per share, for a total transaction of $243,625.00. Following the transaction, the director now directly owns 60,653 shares of the company’s stock, valued at $1,182,126.97. The disclosure for this purchase can be found here.

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.