Pacer Advisors Inc. raised its position in shares of The AES Corporation (NYSE:AES) by 3.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,437 shares of the utilities provider’s stock after buying an additional 402 shares during the period. Pacer Advisors Inc.’s holdings in The AES Corporation were worth $150,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. IFP Advisors Inc boosted its position in shares of The AES Corporation by 94.0% in the first quarter. IFP Advisors Inc now owns 11,329 shares of the utilities provider’s stock worth $127,000 after buying an additional 5,489 shares during the period. Silvercrest Asset Management Group LLC boosted its position in shares of The AES Corporation by 2.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 12,304 shares of the utilities provider’s stock worth $143,000 after buying an additional 294 shares during the period. Fulton Bank N.A. boosted its position in shares of The AES Corporation by 5.3% in the first quarter. Fulton Bank N.A. now owns 15,391 shares of the utilities provider’s stock worth $172,000 after buying an additional 780 shares during the period. Eqis Capital Management Inc. acquired a new position in shares of The AES Corporation during the first quarter worth about $176,000. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of The AES Corporation by 3.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 17,580 shares of the utilities provider’s stock worth $184,000 after buying an additional 659 shares during the period. 94.20% of the stock is owned by institutional investors.
The AES Corporation (AES) opened at 11.92 on Friday. The company’s 50-day moving average is $11.55 and its 200-day moving average is $11.49. The stock’s market capitalization is $7.87 billion. The AES Corporation has a 12 month low of $10.93 and a 12 month high of $13.32.
The AES Corporation (NYSE:AES) last issued its earnings results on Monday, May 8th. The utilities provider reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.46 billion. The AES Corporation had a positive return on equity of 14.71% and a negative net margin of 9.27%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 earnings per share. Equities research analysts forecast that The AES Corporation will post $1.05 EPS for the current year.
AES has been the subject of a number of recent research reports. BidaskClub raised shares of The AES Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research raised shares of The AES Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. Finally, Argus reissued a “hold” rating on shares of The AES Corporation in a research report on Thursday, March 23rd. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.33.
About The AES Corporation
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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