Guggenheim Capital LLC raised its position in AES Corp (NYSE:AES) by 21.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,695,202 shares of the utilities provider’s stock after acquiring an additional 1,185,282 shares during the quarter. Guggenheim Capital LLC owned 1.01% of AES worth $72,508,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of AES. Alps Advisors Inc. acquired a new stake in AES in the fourth quarter valued at approximately $48,230,000. Deutsche Bank AG grew its position in AES by 87.3% in the fourth quarter. Deutsche Bank AG now owns 5,524,276 shares of the utilities provider’s stock valued at $59,825,000 after acquiring an additional 2,574,779 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in AES in the fourth quarter valued at approximately $19,477,000. W. E. Donoghue & Co. LLC acquired a new stake in AES in the fourth quarter valued at approximately $17,602,000. Finally, Aristotle Capital Management LLC grew its position in AES by 7.3% in the fourth quarter. Aristotle Capital Management LLC now owns 17,420,583 shares of the utilities provider’s stock valued at $188,665,000 after acquiring an additional 1,182,054 shares in the last quarter. 93.45% of the stock is owned by institutional investors.
Shares of AES Corp (NYSE:AES) opened at $10.85 on Monday. AES Corp has a 1 year low of $9.86 and a 1 year high of $12.05. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.97 and a current ratio of 1.06. The firm has a market cap of $7,166.34, a P/E ratio of 9.95, a PEG ratio of 1.14 and a beta of 1.26.
Several analysts have issued reports on AES shares. Bank of America raised shares of AES from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Monday, November 13th. ValuEngine raised shares of AES from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Morgan Stanley lowered their price objective on shares of AES from $14.00 to $12.50 and set an “equal weight” rating for the company in a research report on Wednesday, December 13th. UBS Group started coverage on shares of AES in a research report on Friday, February 2nd. They issued a “neutral” rating and a $12.00 price objective for the company. Finally, SunTrust Banks set a $14.00 price objective on shares of AES and gave the company a “buy” rating in a research report on Monday, February 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $12.42.
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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