AES Corp (NYSE:AES) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 18,150,258 shares, a drop of 17.1% from the January 31st total of 21,895,682 shares. Based on an average daily volume of 9,535,712 shares, the short-interest ratio is currently 1.9 days. Currently, 2.8% of the company’s shares are short sold.
Several institutional investors have recently added to or reduced their stakes in AES. Nationwide Fund Advisors increased its position in shares of AES by 4.2% in the third quarter. Nationwide Fund Advisors now owns 1,200,530 shares of the utilities provider’s stock worth $13,230,000 after acquiring an additional 48,256 shares in the last quarter. Aperio Group LLC grew its holdings in AES by 3.9% during the 3rd quarter. Aperio Group LLC now owns 344,245 shares of the utilities provider’s stock valued at $3,794,000 after purchasing an additional 12,951 shares in the last quarter. Advantus Capital Management Inc grew its holdings in AES by 21.6% during the 3rd quarter. Advantus Capital Management Inc now owns 416,354 shares of the utilities provider’s stock valued at $4,588,000 after purchasing an additional 74,012 shares in the last quarter. Toronto Dominion Bank grew its holdings in AES by 12.0% during the 3rd quarter. Toronto Dominion Bank now owns 250,446 shares of the utilities provider’s stock valued at $2,759,000 after purchasing an additional 26,827 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in AES by 0.7% during the 3rd quarter. Rhumbline Advisers now owns 1,116,591 shares of the utilities provider’s stock valued at $12,305,000 after purchasing an additional 8,305 shares in the last quarter. 93.45% of the stock is owned by institutional investors.
AES has been the subject of several recent analyst reports. ValuEngine cut shares of AES from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Morgan Stanley reduced 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. 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. Finally, UBS Group assumed coverage on shares of AES in a research note on Friday, February 2nd. They issued a “neutral” rating and a $12.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $12.42.
AES (NYSE:AES) last announced its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.11. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $3.47 billion. AES had a negative net margin of 8.77% and a positive return on equity of 16.52%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 earnings per share. equities research analysts expect that AES will post 1.18 EPS for the current fiscal year.
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AES Company Profile
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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