Glenmede Trust Co. NA boosted its holdings in AES Corp (NYSE:AES) by 1,298.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,615,242 shares of the utilities provider’s stock after acquiring an additional 3,356,756 shares during the period. Glenmede Trust Co. NA owned 0.55% of AES worth $48,481,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of AES. WBI Investments Inc. bought a new stake in AES in the 2nd quarter valued at $40,420,000. Bank of America Corp DE raised its stake in AES by 56.6% in the 2nd quarter. Bank of America Corp DE now owns 7,987,170 shares of the utilities provider’s stock valued at $107,107,000 after acquiring an additional 2,887,388 shares during the period. Hexavest Inc. bought a new position in AES during the 2nd quarter worth $36,387,000. Bank of Montreal Can increased its position in AES by 69.7% during the 2nd quarter. Bank of Montreal Can now owns 4,072,594 shares of the utilities provider’s stock worth $54,614,000 after buying an additional 1,672,483 shares during the period. Finally, ValueAct Holdings L.P. bought a new position in AES during the 2nd quarter worth $20,511,000. Institutional investors and hedge funds own 96.61% of the company’s stock.

AES stock opened at $13.75 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.18 and a debt-to-equity ratio of 3.24. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 1.40 and a beta of 1.22. AES Corp has a fifty-two week low of $9.86 and a fifty-two week high of $14.11.

AES (NYSE:AES) last posted its quarterly earnings data on Tuesday, August 7th. The utilities provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $3.41 billion. AES had a positive return on equity of 19.26% and a negative net margin of 1.87%. equities analysts expect that AES Corp will post 1.21 EPS for the current fiscal year.

Several research analysts have weighed in on the company. Zacks Investment Research cut AES from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Bank of America cut AES from a “neutral” rating to an “underperform” rating and set a $12.50 price objective on the stock. in a research report on Monday, July 2nd. Finally, UBS Group increased their price objective on AES from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 20th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $13.17.

AES Profile

The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.

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Institutional Ownership by Quarter for AES (NYSE:AES)

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