Profund Advisors LLC cut its position in AES Corp (NYSE:AES) by 10.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,398 shares of the utilities provider’s stock after selling 6,719 shares during the quarter. Profund Advisors LLC’s holdings in AES were worth $632,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Nationwide Fund Advisors raised its stake in shares of AES by 4.2% during the 3rd quarter. Nationwide Fund Advisors now owns 1,200,530 shares of the utilities provider’s stock valued at $13,230,000 after purchasing an additional 48,256 shares during the period. Toronto Dominion Bank raised its stake in shares of AES by 12.0% during the 3rd quarter. Toronto Dominion Bank now owns 250,446 shares of the utilities provider’s stock valued at $2,759,000 after purchasing an additional 26,827 shares during the period. Rhumbline Advisers raised its stake in shares of AES by 0.7% during the 3rd quarter. Rhumbline Advisers now owns 1,116,591 shares of the utilities provider’s stock valued at $12,305,000 after purchasing an additional 8,305 shares during the period. SG Americas Securities LLC raised its stake in shares of AES by 4.2% during the 3rd quarter. SG Americas Securities LLC now owns 273,972 shares of the utilities provider’s stock valued at $3,019,000 after purchasing an additional 11,127 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of AES by 7.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 10,753,174 shares of the utilities provider’s stock valued at $118,500,000 after purchasing an additional 776,527 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.
AES stock opened at $10.84 on Monday. AES Corp has a fifty-two week low of $9.86 and a fifty-two week high of $12.05. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.67. The stock has a market capitalization of $7,159.74, a PE ratio of -6.16, a PEG ratio of 1.13 and a beta of 1.26.
AES (NYSE:AES) last posted its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.11. AES had a positive return on equity of 16.52% and a negative net margin of 8.77%. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the prior year, the business earned $0.30 EPS. The company’s revenue for the quarter was down .6% compared to the same quarter last year. research analysts anticipate that AES Corp will post 1.18 earnings per share for the current fiscal year.
A number of analysts recently issued reports on AES shares. ValuEngine upgraded AES from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. SunTrust Banks set a $14.00 price objective on AES and gave the company a “buy” rating in a research note on Monday, February 12th. Morgan Stanley decreased their price objective on AES from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research note on Wednesday, December 13th. Finally, UBS assumed coverage on AES in a research report on Friday, February 2nd. They set a “neutral” rating and a $12.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $12.42.
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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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