AEGON ASSET MANAGEMENT UK Plc Makes New Investment in The AES Corporation $AES

AEGON ASSET MANAGEMENT UK Plc bought a new stake in The AES Corporation (NYSE:AES) during the 1st quarter, Holdings Channel reports. The firm bought 130,807 shares of the utilities provider’s stock, valued at approximately $1,842,000.

A number of other large investors also recently made changes to their positions in the company. SG Americas Securities LLC grew its stake in shares of AES by 128.6% in the 4th quarter. SG Americas Securities LLC now owns 7,147,438 shares of the utilities provider’s stock valued at $102,494,000 after buying an additional 4,021,385 shares during the period. Sound Shore Management Inc. CT boosted its holdings in AES by 17.0% in the fourth 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 in the last quarter. Lazard Asset Management LLC boosted its holdings in AES by 247.6% in the second 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 in the last quarter. Horizon Investments LLC grew its stake in AES by 4,710.9% in the fourth quarter. Horizon Investments LLC now owns 542,528 shares of the utilities provider’s stock valued at $7,780,000 after acquiring an additional 531,251 shares during the period. Finally, Empowered Funds LLC increased its holdings in shares of AES by 763.3% during the first quarter. Empowered Funds LLC now owns 146,851 shares of the utilities provider’s stock valued at $1,824,000 after acquiring an additional 129,841 shares in the last quarter. Institutional investors own 93.13% of the company’s stock.

AES Price Performance

AES opened at $14.62 on Friday. The AES Corporation has a 1 year low of $10.02 and a 1 year high of $17.65. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.73 and a quick ratio of 0.65. The company has a market capitalization of $10.42 billion, a price-to-earnings ratio of 7.82 and a beta of 0.96. The firm’s fifty day moving average price is $14.54 and its two-hundred day moving average price is $14.58.

AES (NYSE:AES) last issued its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.18. AES had a return on equity of 22.66% and a net margin of 10.78%.The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.11 billion. As a group, analysts anticipate that The AES Corporation will post 2.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

AES has been the topic of a number of recent research reports. Argus cut AES from a “buy” rating to a “hold” rating in a report on Thursday, March 26th. Morgan Stanley restated an “equal weight” rating and set a $15.00 price objective (down from $23.00) on shares of AES in a report on Friday, March 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AES in a research note on Monday, June 1st. Mizuho downgraded shares of AES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Wall Street Zen upgraded shares of AES from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $15.62.

About AES

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.