Guggenheim Capital LLC reduced its holdings in shares of AES Corp (NYSE:AES) by 4.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,137,525 shares of the utilities provider’s stock after selling 56,066 shares during the period. Guggenheim Capital LLC owned about 0.17% of AES worth $15,470,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Capital Square LLC acquired a new position in AES in the first quarter valued at about $32,000. Parallel Advisors LLC grew its holdings in shares of AES by 74.8% in the 1st quarter. Parallel Advisors LLC now owns 2,654 shares of the utilities provider’s stock valued at $36,000 after buying an additional 1,136 shares during the period. BDO Wealth Advisors LLC bought a new position in AES during the first quarter worth about $41,000. Signaturefd LLC lifted its holdings in AES by 129.9% during the first quarter. Signaturefd LLC now owns 5,055 shares of the utilities provider’s stock worth $69,000 after acquiring an additional 2,856 shares in the last quarter. Finally, Belpointe Asset Management LLC bought a new position in AES during the fourth quarter worth about $120,000. Hedge funds and other institutional investors own 93.05% of the company’s stock.

In related news, Director Jeffrey W. Ubben bought 500,000 shares of AES stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $11.67 per share, for a total transaction of $5,835,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.54% of the company’s stock.

A number of brokerages have recently commented on AES. Royal Bank of Canada upgraded AES from a “sector perform” rating to an “outperform” rating and cut their price target for the company from $22.00 to $18.00 in a report on Thursday, April 2nd. TheStreet raised AES from a “c” rating to a “b-” rating in a research report on Thursday, May 7th. UBS Group raised AES from a “neutral” rating to a “buy” rating and decreased their target price for the company from $21.00 to $16.00 in a research report on Monday, March 16th. Seaport Global Securities began coverage on AES in a research report on Wednesday, May 20th. They set a “buy” rating and a $17.00 price target on the stock. Finally, Morgan Stanley increased their price target on AES from $18.00 to $18.50 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. AES currently has a consensus rating of “Buy” and an average target price of $17.72.

Shares of NYSE:AES traded down $0.28 during midday trading on Friday, hitting $13.60. 373,497 shares of the stock were exchanged, compared to its average volume of 7,448,391. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 31.41, a P/E/G ratio of 1.39 and a beta of 0.98. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.97 and a current ratio of 1.06. The business’s 50-day moving average price is $12.90 and its 200 day moving average price is $16.14. AES Corp has a 12 month low of $8.11 and a 12 month high of $21.23.

AES (NYSE:AES) last released its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.29 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.73 billion. AES had a return on equity of 23.42% and a net margin of 2.97%. The business’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 earnings per share. As a group, sell-side analysts expect that AES Corp will post 1.38 EPS for the current year.

AES Profile

The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.

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Institutional Ownership by Quarter for AES (NYSE:AES)

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