Assetmark Inc. Has $3.45 Million Holdings in The AES Corporation (AES)

Assetmark Inc. reduced its stake in The AES Corporation (NYSE:AES) by 31.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 310,788 shares of the utilities provider’s stock after selling 142,128 shares during the quarter. Assetmark Inc.’s holdings in The AES Corporation were worth $3,453,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ffcm LLC grew its stake in shares of The AES Corporation by 171.8% in the 2nd quarter. Ffcm LLC now owns 10,495 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 6,634 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of The AES Corporation in the 1st quarter valued at approximately $117,000. Community Bank & Trust Waco Texas purchased a new position in shares of The AES Corporation in the 2nd quarter valued at approximately $134,000. Pacer Advisors Inc. grew its stake in shares of The AES Corporation by 3.1% in the 1st quarter. Pacer Advisors Inc. now owns 13,437 shares of the utilities provider’s stock valued at $150,000 after purchasing an additional 402 shares during the last quarter. Finally, Huntington National Bank grew its stake in shares of The AES Corporation by 62.7% in the 2nd quarter. Huntington National Bank now owns 14,257 shares of the utilities provider’s stock valued at $158,000 after purchasing an additional 5,492 shares during the last quarter. Institutional investors own 93.18% of the company’s stock.

The AES Corporation (AES) traded down 0.133% during mid-day trading on Wednesday, hitting $11.235. The company had a trading volume of 361,045 shares. The AES Corporation has a 52-week low of $10.60 and a 52-week high of $12.48. The stock’s 50 day moving average price is $11.21 and its 200 day moving average price is $11.31. The firm’s market cap is $7.42 billion.

The AES Corporation (NYSE:AES) last issued its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The AES Corporation had a positive return on equity of 15.86% and a negative net margin of 5.30%. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same period in the prior year, the company posted $0.17 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities research analysts predict that The AES Corporation will post $1.05 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Assetmark Inc. Has $3.45 Million Holdings in The AES Corporation (AES)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://ledgergazette.com/2017/10/11/assetmark-inc-has-3-45-million-holdings-in-the-aes-corporation-aes.html.

Several research analysts have weighed in on AES shares. ValuEngine downgraded The AES Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub upgraded The AES Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd. Finally, Zacks Investment Research upgraded The AES Corporation from a “hold” rating to a “buy” rating and set a $12.00 price target on the sto

Other hedge funds also recently made changes to their positions in the company. Ffcm LLC grew its stake in shares of The AES Corporation by 171.8% in the 2nd quarter. Ffcm LLC now owns 10,495 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 6,634 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of The AES Corporation in the 1st quarter valued at approximately $117,000. Community Bank & Trust Waco Texas purchased a new position in shares of The AES Corporation in the 2nd quarter valued at approximately $134,000. Pacer Advisors Inc. grew its stake in shares of The AES Corporation by 3.1% in the 1st quarter. Pacer Advisors Inc. now owns 13,437 shares of the utilities provider’s stock valued at $150,000 after purchasing an additional 402 shares during the last quarter. Finally, Huntington National Bank grew its stake in shares of The AES Corporation by 62.7% in the 2nd quarter. Huntington National Bank now owns 14,257 shares of the utilities provider’s stock valued at $158,000 after purchasing an additional 5,492 shares during the last quarter. Institutional investors own 93.18% of the company’s stock.

The AES Corporation (AES) traded down 0.133% during mid-day trading on Wednesday, hitting $11.235. The company had a trading volume of 361,045 shares. The AES Corporation has a 52-week low of $10.60 and a 52-week high of $12.48. The stock’s 50 day moving average price is $11.21 and its 200 day moving average price is $11.31. The firm’s market cap is $7.42 billion.

The AES Corporation (NYSE:AES) last issued its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The AES Corporation had a positive return on equity of 15.86% and a negative net margin of 5.30%. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same period in the prior year, the company posted $0.17 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities research analysts predict that The AES Corporation will post $1.05 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Assetmark Inc. Has $3.45 Million Holdings in The AES Corporation (AES)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://ledgergazette.com/2017/10/11/assetmark-inc-has-3-45-million-holdings-in-the-aes-corporation-aes.html.

Several research analysts have weighed in on AES shares. ValuEngine downgraded The AES Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub upgraded The AES Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd. Finally, Zacks Investment Research upgraded The AES Corporation from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $13.00.

The AES Corporation Profile

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.

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

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