Stephens Inc. AR Invests $238,000 in The AES Corporation (AES)

Stephens Inc. AR acquired a new stake in shares of The AES Corporation (NYSE:AES) during the first quarter, Holdings Channel reports. The fund acquired 21,278 shares of the utilities provider’s stock, valued at approximately $238,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AES. Bank of New York Mellon Corp boosted its position in The AES Corporation by 29.1% in the first quarter. Bank of New York Mellon Corp now owns 11,702,896 shares of the utilities provider’s stock valued at $130,838,000 after buying an additional 2,638,095 shares during the last quarter. Capital Guardian Trust Co. boosted its position in The AES Corporation by 49.8% in the fourth quarter. Capital Guardian Trust Co. now owns 6,765,666 shares of the utilities provider’s stock valued at $78,617,000 after buying an additional 2,248,982 shares during the last quarter. Prudential Financial Inc. boosted its position in The AES Corporation by 28.1% in the first quarter. Prudential Financial Inc. now owns 9,761,070 shares of the utilities provider’s stock valued at $109,129,000 after buying an additional 2,142,100 shares during the last quarter. OppenheimerFunds Inc. boosted its position in The AES Corporation by 253.8% in the first quarter. OppenheimerFunds Inc. now owns 2,138,309 shares of the utilities provider’s stock valued at $23,906,000 after buying an additional 1,534,005 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in The AES Corporation by 70.0% in the first quarter. Canada Pension Plan Investment Board now owns 2,754,019 shares of the utilities provider’s stock valued at $30,790,000 after buying an additional 1,133,600 shares during the last quarter. 94.20% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for The AES Corporation (NYSE:AES)

Shares of The AES Corporation (NYSE AES) remained flat at $11.92 during mid-day trading on Friday. 7,206,402 shares of the company were exchanged. The stock’s market cap is $7.87 billion. The AES Corporation has a one year low of $10.93 and a one year high of $13.32. The firm has a 50 day moving average price of $11.55 and a 200-day moving average price of $11.49.

The AES Corporation (NYSE:AES) last posted its earnings results on Monday, May 8th. The utilities provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.03. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.46 billion. The AES Corporation had a negative net margin of 9.27% and a positive return on equity of 14.71%. The AES Corporation’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $0.15 earnings per share. On average, analysts predict that The AES Corporation will post $1.05 EPS for the current year.

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AES has been the subject of several research reports. Argus reissued a “hold” rating on shares of The AES Corporation in a report on Thursday, March 23rd. Zacks Investment Research raised shares of The AES Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, BidaskClub raised shares of The AES Corporation from a “sell” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The AES Corporation has an average rating of “Hold” and a consensus price target 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.

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

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