Nomura Asset Management Co. Ltd. Has $2.34 Million Stock Position in AES Corp (NYSE:AES)

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Nomura Asset Management Co. Ltd. lowered its position in shares of AES Corp (NYSE:AES) by 5.8% in the second quarter, HoldingsChannel reports. The firm owned 139,497 shares of the utilities provider’s stock after selling 8,553 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in AES were worth $2,338,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AES. Renaissance Technologies LLC increased its position in shares of AES by 59.8% during the 2nd quarter. Renaissance Technologies LLC now owns 9,930,500 shares of the utilities provider’s stock worth $166,435,000 after purchasing an additional 3,716,600 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of AES by 116.9% during the 2nd quarter. Panagora Asset Management Inc. now owns 4,171,436 shares of the utilities provider’s stock worth $69,913,000 after purchasing an additional 2,248,176 shares in the last quarter. First Trust Advisors LP increased its position in shares of AES by 645.9% during the 2nd quarter. First Trust Advisors LP now owns 2,360,961 shares of the utilities provider’s stock worth $39,570,000 after purchasing an additional 2,044,426 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of AES by 40.6% during the 1st quarter. JPMorgan Chase & Co. now owns 5,478,822 shares of the utilities provider’s stock worth $99,056,000 after purchasing an additional 1,582,707 shares in the last quarter. Finally, Polaris Greystone Financial Group LLC acquired a new stake in shares of AES during the 2nd quarter worth about $24,205,000. Institutional investors and hedge funds own 93.58% of the company’s stock.

Shares of NYSE:AES traded down $0.04 during trading on Thursday, hitting $16.01. 69,608 shares of the company’s stock were exchanged, compared to its average volume of 4,450,203. AES Corp has a 1-year low of $13.49 and a 1-year high of $18.52. The firm has a 50-day moving average price of $15.55 and a two-hundred day moving average price of $16.77. The company has a current ratio of 1.36, a quick ratio of 1.24 and a debt-to-equity ratio of 3.41. The firm has a market cap of $10.62 billion, a P/E ratio of 12.91, a PEG ratio of 1.41 and a beta of 1.05.

AES (NYSE:AES) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). AES had a return on equity of 18.94% and a net margin of 3.78%. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the prior year, the firm earned $0.25 EPS. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. As a group, research analysts predict that AES Corp will post 1.34 EPS for the current year.

In related news, SVP Julian Nebreda sold 18,864 shares of AES stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $15.24, for a total transaction of $287,487.36. Following the transaction, the senior vice president now owns 35,314 shares of the company’s stock, valued at approximately $538,185.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey W. Ubben acquired 200,000 shares of AES stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average cost of $15.25 per share, for a total transaction of $3,050,000.00. The disclosure for this purchase can be found here. 1.06% of the stock is owned by insiders.

Several research firms have weighed in on AES. Evercore ISI set a $19.00 price objective on shares of AES and gave the company a “buy” rating in a research report on Wednesday, August 7th. Zacks Investment Research upgraded shares of AES from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Tuesday, June 4th. TheStreet cut shares of AES from a “b” rating to a “c+” rating in a research report on Tuesday, August 6th. ValuEngine cut shares of AES from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Argus upgraded shares of AES from a “hold” rating to a “buy” rating in a research report on Wednesday, May 22nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $16.77.

AES Company 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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