The AES Corporation (AES) Position Increased by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. raised its stake in shares of The AES Corporation (NYSE:AES) by 8.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,367,148 shares of the utilities provider’s stock after buying an additional 174,914 shares during the period. UBS Asset Management Americas Inc. owned 0.36% of The AES Corporation worth $26,465,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in AES. Russell Investments Group Ltd. acquired a new stake in shares of The AES Corporation during the fourth quarter valued at $9,299,000. Elkfork Partners LLC acquired a new stake in shares of The AES Corporation during the fourth quarter valued at $713,000. Tyers Asset Management LLC acquired a new stake in shares of The AES Corporation during the fourth quarter valued at $518,000. Silvercrest Asset Management Group LLC increased its stake in shares of The AES Corporation by 2.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 12,304 shares of the utilities provider’s stock valued at $143,000 after buying an additional 294 shares in the last quarter. Finally, Bogle Investment Management L P DE acquired a new stake in shares of The AES Corporation during the fourth quarter valued at $2,063,000. Institutional investors own 94.20% of the company’s stock.
The AES Corporation (NYSE AES) opened at 11.92 on Friday. The AES Corporation has a 1-year low of $10.93 and a 1-year high of $13.32. The firm’s market capitalization is $7.87 billion. The company has a 50-day moving average price of $11.55 and a 200-day moving average price of $11.49.
The AES Corporation (NYSE:AES) last posted its quarterly earnings data on Monday, May 8th. The utilities provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.03. The AES Corporation had a positive return on equity of 14.71% and a negative net margin of 9.27%. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the previous year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities research analysts predict that The AES Corporation will post $1.05 earnings per share for the current fiscal year.
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Several analysts have recently weighed in on AES shares. Zacks Investment Research downgraded The AES Corporation from a “buy” rating to a “hold” rating in a research note on Friday, February 17th. Argus restated a “hold” rating on shares of The AES Corporation in a research note on Thursday, March 23rd. Finally, BidaskClub upgraded The AES Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.33.
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.
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