Cypress Wealth Advisors LLC held its stake in The AES Corporation (NYSE:AES) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,334 shares of the utilities provider’s stock at the end of the first quarter. Cypress Wealth Advisors LLC’s holdings in The AES Corporation were worth $116,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Cleararc Capital Inc. increased its stake in shares of The AES Corporation by 0.6% in the first quarter. Cleararc Capital Inc. now owns 16,132 shares of the utilities provider’s stock valued at $180,000 after buying an additional 97 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of The AES Corporation by 2.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 12,304 shares of the utilities provider’s stock valued at $143,000 after buying an additional 294 shares during the last quarter. Pinnacle Bank bought a new stake in shares of The AES Corporation during the first quarter valued at $411,000. Pacer Advisors Inc. increased its stake in shares of The AES Corporation by 3.1% in the first quarter. Pacer Advisors Inc. now owns 13,437 shares of the utilities provider’s stock valued at $150,000 after buying an additional 402 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of The AES Corporation by 3.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 17,580 shares of the utilities provider’s stock valued at $184,000 after buying an additional 659 shares during the last quarter. Institutional investors own 94.30% of the company’s stock.

Institutional Ownership by Quarter for The AES Corporation (NYSE:AES)

Shares of The AES Corporation (NYSE AES) traded down 0.17% during mid-day trading on Friday, reaching $11.55. The company’s stock had a trading volume of 3,508,877 shares. The company’s market cap is $7.62 billion. The AES Corporation has a 52-week low of $10.93 and a 52-week high of $13.32. The company has a 50-day moving average price of $11.58 and a 200 day moving average price of $11.50.

The AES Corporation (NYSE:AES) last posted its quarterly earnings data on Monday, May 8th. The utilities provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.03. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.46 billion. The AES Corporation had a negative net margin of 9.27% and a positive return on equity of 14.71%. The AES Corporation’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 earnings per share. Equities analysts expect that The AES Corporation will post $1.05 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “The AES Corporation (AES) Position Maintained by Cypress Wealth Advisors LLC” was originally published by Watch List News and is owned by of Watch List News. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://www.watchlistnews.com/the-aes-corporation-aes-position-maintained-by-cypress-wealth-advisors-llc/1388658.html.

Several brokerages have weighed in on AES. BidaskClub upgraded The AES Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Argus reiterated a “hold” rating on shares of The AES Corporation in a research report on Thursday, March 23rd. Finally, Zacks Investment Research upgraded The AES Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.33.

About The AES Corporation

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.

Want to see what other hedge funds are holding AES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The AES Corporation (NYSE:AES).

Receive News & Ratings for The AES Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The AES Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.