SG Americas Securities LLC Purchases 7,133,230 Shares of The AES Corporation $AES

SG Americas Securities LLC raised its holdings in The AES Corporation (NYSE:AES) by 99.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,280,668 shares of the utilities provider’s stock after buying an additional 7,133,230 shares during the quarter. SG Americas Securities LLC owned 2.00% of AES worth $201,215,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AES. AEGON ASSET MANAGEMENT UK Plc bought a new position in AES in the 1st quarter worth approximately $1,842,000. State of Tennessee Department of Treasury grew its holdings in shares of AES by 10.2% in the 4th quarter. State of Tennessee Department of Treasury now owns 169,520 shares of the utilities provider’s stock valued at $2,483,000 after buying an additional 15,661 shares during the period. Quantitative Investment Management LLC acquired a new stake in shares of AES during the fourth quarter worth about $1,313,000. Captrust Financial Advisors lifted its stake in AES by 43.3% in the fourth quarter. Captrust Financial Advisors now owns 162,905 shares of the utilities provider’s stock valued at $2,336,000 after buying an additional 49,215 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its stake in shares of AES by 10.5% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 171,661 shares of the utilities provider’s stock valued at $2,462,000 after purchasing an additional 16,289 shares during the period. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Stock Down 0.0%

AES opened at $14.62 on Monday. The AES Corporation has a fifty-two week low of $10.02 and a fifty-two week 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’s 50-day moving average is $14.54 and its 200 day moving average is $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.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Morgan Stanley reaffirmed an “equal weight” rating and set a $15.00 price target (down from $23.00) on shares of AES in a research report on Friday, March 6th. Wall Street Zen raised AES from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Mizuho lowered AES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Weiss Ratings restated a “hold (c)” rating on shares of AES in a report on Monday, June 1st. Finally, Susquehanna downgraded shares of AES from a “positive” rating to a “neutral” rating and reduced their price target for the company from $16.00 to $15.00 in a research report on Thursday, April 9th. One research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, AES currently has a consensus rating of “Hold” and an average price target of $15.62.

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.