Banco de Sabadell S.A Buys New Position in AES Corp (AES)

Banco de Sabadell S.A bought a new stake in shares of AES Corp (NYSE:AES) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 41,445 shares of the utilities provider’s stock, valued at approximately $456,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Stifel Financial Corp increased its stake in AES by 2.2% during the first quarter. Stifel Financial Corp now owns 209,738 shares of the utilities provider’s stock valued at $2,419,000 after purchasing an additional 4,462 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of AES by 4.6% during the first quarter. Nomura Asset Management Co. Ltd. now owns 114,776 shares of the utilities provider’s stock worth $1,305,000 after acquiring an additional 5,006 shares during the last quarter. Brandywine Global Investment Management LLC grew its position in shares of AES by 2.8% during the fourth quarter. Brandywine Global Investment Management LLC now owns 195,772 shares of the utilities provider’s stock worth $2,121,000 after acquiring an additional 5,350 shares during the last quarter. Corient Capital Partners LLC grew its position in shares of AES by 2.4% during the fourth quarter. Corient Capital Partners LLC now owns 277,605 shares of the utilities provider’s stock worth $3,006,000 after acquiring an additional 6,543 shares during the last quarter. Finally, Jefferies Group LLC grew its position in shares of AES by 2.3% during the fourth quarter. Jefferies Group LLC now owns 300,000 shares of the utilities provider’s stock worth $3,249,000 after acquiring an additional 6,766 shares during the last quarter. Hedge funds and other institutional investors own 94.75% of the company’s stock.

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Several equities analysts have recently commented on AES shares. Zacks Investment Research lowered shares of AES from a “buy” rating to a “hold” rating in a research report on Monday, April 30th. Morgan Stanley set a $14.00 price target on shares of AES and gave the stock a “hold” rating in a research report on Friday, April 27th. JPMorgan Chase & Co. upped their price target on shares of AES from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Monday, March 19th. Scotiabank upgraded shares of AES from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, May 9th. Finally, ValuEngine upgraded shares of AES from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $12.79.

Shares of AES opened at $13.07 on Tuesday, according to Marketbeat. The stock has a market capitalization of $8.64 billion, a P/E ratio of 12.10, a P/E/G ratio of 1.32 and a beta of 1.18. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.12 and a quick ratio of 1.00. AES Corp has a 52-week low of $9.86 and a 52-week high of $13.35.

AES (NYSE:AES) last announced its earnings results on Tuesday, May 8th. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.13 billion. AES had a negative net margin of 3.63% and a positive return on equity of 18.70%. AES’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 EPS. equities research analysts expect that AES Corp will post 1.21 EPS for the current fiscal year.

About AES

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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