Nationwide Fund Advisors lifted its stake in The AES Corporation (NYSE:AES) by 9.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,152,274 shares of the utilities provider’s stock after purchasing an additional 102,083 shares during the period. Nationwide Fund Advisors owned approximately 0.17% of The AES Corporation worth $12,802,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ffcm LLC lifted its stake in shares of The AES Corporation by 171.8% in the second 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 period. Jane Street Group LLC acquired a new stake in shares of The AES Corporation in the first quarter valued at about $117,000. HRT Financial LLC acquired a new stake in shares of The AES Corporation in the first quarter valued at about $132,000. Community Bank & Trust Waco Texas acquired a new stake in shares of The AES Corporation in the second quarter valued at about $134,000. Finally, Pacer Advisors Inc. lifted its stake in shares of The AES Corporation by 3.1% in the first 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 period. Hedge funds and other institutional investors own 93.18% of the company’s stock.

Several analysts recently commented on the stock. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $15.00 price objective on shares of The AES Corporation in a research note on Wednesday, September 13th. Zacks Investment Research cut shares of The AES Corporation from a “buy” rating to a “sell” rating in a research note on Monday, September 11th. Royal Bank Of Canada reiterated a “hold” rating and issued a $12.00 price objective on shares of The AES Corporation in a research note on Monday, September 11th. Morgan Stanley reiterated an “equal weight” rating on shares of The AES Corporation in a research note on Friday, September 8th. Finally, ValuEngine cut shares of The AES Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $12.40.

Shares of The AES Corporation (AES) opened at 11.11 on Friday. The AES Corporation has a 52 week low of $10.60 and a 52 week high of $13.32. The firm’s market cap is $7.34 billion. The company has a 50 day moving average of $11.20 and a 200 day moving average of $11.32.

The AES Corporation (NYSE:AES) last announced its earnings results on Tuesday, August 8th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. The firm had revenue of $3.47 billion during the quarter, compared to analyst estimates 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 AES Corporation’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 EPS. On average, equities research analysts anticipate that The AES Corporation will post $1.05 EPS for the current fiscal year.

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The AES Corporation Company 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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