Chicago Capital Management LLC purchased a new stake in The AES Co. (NYSE:AESC – Get Rating) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 29,147 shares of the company's stock, valued at approximately $2,576,000. AES comprises 1.4% of Chicago Capital Management LLC's holdings, making the stock its 18th largest holding.

Separately, Edgemoor Investment Advisors Inc. boosted its holdings in AES by 1.1% in the 3rd quarter. Edgemoor Investment Advisors Inc. now owns 87,149 shares of the company's stock valued at $7,701,000 after purchasing an additional 907 shares during the period.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded shares of AES from a "d+" rating to a "c" rating in a research report on Friday, November 4th.

AES Stock Performance

AES Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Tuesday, February 14th will be issued a dividend of $1.7188 per share. The ex-dividend date of this dividend is Monday, February 13th. This represents a $6.88 annualized dividend and a yield of 7.16%.

Insiders Place Their Bets

In other news, CEO Andres Gluski sold 748,625 shares of the stock in a transaction dated Wednesday, December 28th. The shares were sold at an average price of $28.43, for a total value of $21,283,408.75. Following the completion of the sale, the chief executive officer now owns 1,285,504 shares in the company, valued at $36,546,878.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

AES Profile

(Get Rating)

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.

Recommended Stories

• Get a free copy of the StockNews.com research report on AES (AESC)
• Take-Two Interactive Or Activision Blizzard: An Obvious Choice?
• What is a Penny Stock? What You Need to Know About Penny Stocks
• ServiceNow CEO Sells Shares, Is It Time To Worry?
• Patient Clorox Shareholders Are Cleaning Up
• Why Is Wall Street Loving Amazon So Much?

Want to see what other hedge funds are holding AESC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The AES Co. (NYSE:AESC – Get Rating).

Receive News & Ratings for AES Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AES and related companies with MarketBeat.com's FREE daily email newsletter.