SG Americas Securities LLC Raises Position in The AES Corporation $AES

SG Americas Securities LLC increased its stake in The AES Corporation (NYSE:AES) by 99.8% during the first quarter, HoldingsChannel reports. The firm owned 14,280,668 shares of the utilities provider’s stock after acquiring an additional 7,133,230 shares during the period. SG Americas Securities LLC’s holdings in AES were worth $201,215,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cbre Investment Management Listed Real Assets LLC raised its stake in shares of AES by 0.9% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,882,251 shares of the utilities provider’s stock valued at $103,730,000 after buying an additional 69,622 shares during the period. Sound Shore Management Inc. CT increased its holdings in AES by 17.0% in the 4th quarter. Sound Shore Management Inc. CT now owns 6,898,342 shares of the utilities provider’s stock worth $98,922,000 after acquiring an additional 1,002,530 shares during the last quarter. Lazard Asset Management LLC increased its holdings in AES by 247.6% in the 2nd quarter. Lazard Asset Management LLC now owns 968,333 shares of the utilities provider’s stock worth $10,185,000 after acquiring an additional 689,741 shares during the last quarter. Horizon Investments LLC lifted its holdings in AES by 4,710.9% during the fourth quarter. Horizon Investments LLC now owns 542,528 shares of the utilities provider’s stock valued at $7,780,000 after purchasing an additional 531,251 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in AES by 21.5% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 423,236 shares of the utilities provider’s stock valued at $6,069,000 after purchasing an additional 74,866 shares during the last quarter. 93.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AES shares. Susquehanna downgraded shares of AES from a “positive” rating to a “neutral” rating and reduced their target price for the stock from $16.00 to $15.00 in a research note on Thursday, April 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AES in a report on Monday, June 1st. Mizuho lowered shares of AES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Argus downgraded AES from a “buy” rating to a “hold” rating in a research report on Thursday, March 26th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $15.00 price target (down from $23.00) on shares of AES in a report on Friday, March 6th. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.62.

AES Price Performance

AES stock opened at $14.62 on Monday. The firm has a 50 day moving average of $14.54 and a 200-day moving average of $14.59. The firm has a market capitalization of $10.42 billion, a P/E ratio of 7.82 and a beta of 0.97. The AES Corporation has a 12 month low of $10.02 and a 12 month high of $17.65. The company has a current ratio of 0.73, a quick ratio of 0.65 and a debt-to-equity ratio of 2.97.

AES (NYSE:AES) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.18. AES had a net margin of 10.78% and a return on equity of 22.66%. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.11 billion. As a group, sell-side analysts predict that The AES Corporation will post 2.27 earnings per share for the current fiscal year.

AES Company Profile

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company’s portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.