The AES Corp. (AES) Stake Increased by Capital Fund Management S.A.
Capital Fund Management S.A. raised its stake in The AES Corp. (NYSE:AES) by 222.9% during the second quarter, Holdings Channel reports. The fund owned 239,315 shares of the company’s stock after buying an additional 165,204 shares during the period. Capital Fund Management S.A.’s holdings in The AES Corp. were worth $2,987,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of AES. Invictus RG boosted its stake in The AES Corp. by 21.9% in the first quarter. Invictus RG now owns 11,906 shares of the company’s stock worth $140,000 after buying an additional 2,140 shares in the last quarter. Silvercrest Asset Management Group LLC purchased a new stake in The AES Corp. during the first quarter worth $142,000. Rehmann Capital Advisory Group purchased a new stake in The AES Corp. during the first quarter worth $206,000. Massmutual Trust Co. FSB ADV boosted its stake in The AES Corp. by 9.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 18,272 shares of the company’s stock worth $216,000 after buying an additional 1,563 shares in the last quarter. Finally, FDO Partners LLC purchased a new stake in The AES Corp. during the first quarter worth $452,000. Institutional investors own 94.55% of the company’s stock.
The AES Corp. (NYSE:AES) traded down 4.17% during mid-day trading on Tuesday, reaching $11.95. 9,760,238 shares of the company were exchanged. The stock has a 50-day moving average of $12.52 and a 200 day moving average of $11.85. The firm’s market capitalization is $7.88 billion. The AES Corp. has a 1-year low of $8.22 and a 1-year high of $13.32.
The AES Corp. (NYSE:AES) last issued its quarterly earnings results on Friday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. The company had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.71 billion. The AES Corp. had a negative net margin of 1.89% and a positive return on equity of 13.56%. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 earnings per share. Equities research analysts forecast that The AES Corp. will post $0.99 earnings per share for the current year.
A number of research firms have recently weighed in on AES. Barclays PLC cut shares of The AES Corp. from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $14.00 to $12.00 in a report on Tuesday. TheStreet cut shares of The AES Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Zacks Investment Research upgraded shares of The AES Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 21st. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of The AES Corp. in a report on Thursday, June 16th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.75.
About The AES Corp.
The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. The Company is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and Caribbean (MCAC); Europe, and Asia.
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