Balyasny Asset Management LLC Increases Holdings in The AES Corporation (AES)

Balyasny Asset Management LLC raised its position in shares of The AES Corporation (NYSE:AES) by 20.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 288,539 shares of the utilities provider’s stock after buying an additional 48,995 shares during the quarter. Balyasny Asset Management LLC’s holdings in The AES Corporation were worth $3,206,000 at the end of the most recent quarter.

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

COPYRIGHT VIOLATION WARNING: “Balyasny Asset Management LLC Increases Holdings in The AES Corporation (AES)” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://ledgergazette.com/2017/10/11/balyasny-asset-management-llc-increases-holdings-in-the-aes-corporation-aes.html.

Several brokerages have issued reports on AES. BidaskClub upgraded The AES Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Zacks Investment Research upgraded The AES Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Thursday, August 24th. ValuEngine upgraded The AES Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. SunTrust Banks, Inc. restated a “buy” rating and set a $15.00 price objective on shares of The AES Corporation in a research note on Wednesday, September 13th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $12.00 price objective on shares of The AES Corporation in a research note on Monday, September 11th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $13.00.

The AES Corporation (NYSE AES) opened at 11.25 on Wednesday. The AES Corporation has a 12-month low of $10.60 and a 12-month high of $12.48. The company’s market capitalization is $7.43 billion. The stock’s 50 day moving average price is $11.21 and its 200 day moving average price is $11.31.

The AES Corporation (NYSE:AES) last released its earnings results on Tuesday, August 8th. The utilities provider reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The business had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $2.97 billion. The AES Corporation had a negative net margin of 5.30% and a positive return on equity of 15.86%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $0.17 earnings per share. On average, equities research analysts anticipate that The AES Corporation

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

COPYRIGHT VIOLATION WARNING: “Balyasny Asset Management LLC Increases Holdings in The AES Corporation (AES)” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://ledgergazette.com/2017/10/11/balyasny-asset-management-llc-increases-holdings-in-the-aes-corporation-aes.html.

Several brokerages have issued reports on AES. BidaskClub upgraded The AES Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Zacks Investment Research upgraded The AES Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Thursday, August 24th. ValuEngine upgraded The AES Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. SunTrust Banks, Inc. restated a “buy” rating and set a $15.00 price objective on shares of The AES Corporation in a research note on Wednesday, September 13th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $12.00 price objective on shares of The AES Corporation in a research note on Monday, September 11th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $13.00.

The AES Corporation (NYSE AES) opened at 11.25 on Wednesday. The AES Corporation has a 12-month low of $10.60 and a 12-month high of $12.48. The company’s market capitalization is $7.43 billion. The stock’s 50 day moving average price is $11.21 and its 200 day moving average price is $11.31.

The AES Corporation (NYSE:AES) last released its earnings results on Tuesday, August 8th. The utilities provider reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The business had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $2.97 billion. The AES Corporation had a negative net margin of 5.30% and a positive return on equity of 15.86%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $0.17 earnings per share. On average, equities research analysts anticipate that The AES Corporation will post $1.05 earnings per share for the current fiscal year.

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

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