Clearbridge Investments LLC trimmed its holdings in AES Corp (NYSE:AES) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,494,199 shares of the utilities provider’s stock after selling 181,236 shares during the period. Clearbridge Investments LLC owned 0.83% of AES worth $59,502,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in AES. Alps Advisors Inc. acquired a new stake in shares of AES in the fourth quarter valued at approximately $48,230,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of AES in the fourth quarter valued at approximately $19,477,000. W. E. Donoghue & Co. LLC acquired a new stake in shares of AES in the fourth quarter valued at approximately $17,602,000. Aristotle Capital Management LLC raised its position in shares of 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 buying an additional 1,182,054 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of AES by 10.7% in the third quarter. Prudential Financial Inc. now owns 11,399,720 shares of the utilities provider’s stock valued at $125,625,000 after buying an additional 1,103,750 shares in the last quarter. Institutional investors own 93.45% of the company’s stock.
A number of equities research analysts have recently weighed in on AES shares. ValuEngine upgraded shares of AES from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Morgan Stanley dropped their price target 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 target for the company. Finally, SunTrust Banks set a $14.00 price target on shares of AES and gave the company a “buy” rating in a research report on Monday, February 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.42.
AES (NYSE:AES) last announced its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.32 by $0.11. AES had a negative net margin of 8.77% and a positive return on equity of 16.52%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the business earned $0.30 earnings per share. The company’s revenue was down .6% on a year-over-year basis. equities research analysts anticipate that AES Corp will post 1.18 EPS for the current year.
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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