Edmond De Rothschild Holding S.a. Lowers stake in AES Corp (AES)

AES Corp (AES) : Edmond De Rothschild Holding S.a. reduced its stake in AES Corp by 1.4% during the most recent quarter end. The investment management company now holds a total of 2,951,200 shares of AES Corp which is valued at $36,063,664 after selling 41,945 shares in AES Corp , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.AES Corp makes up approximately 1.15% of Edmond De Rothschild Holding S.a.’s portfolio.

Other Hedge Funds, Including , New York State Common Retirement Fund reduced its stake in AES by selling 226,870 shares or 8.37% in the most recent quarter. The Hedge Fund company now holds 2,483,634 shares of AES which is valued at $30,350,007. AES Corp makes up approx 0.04% of New York State Common Retirement Fund’s portfolio.Sg Americas Securities boosted its stake in AES in the latest quarter, The investment management firm added 102,868 additional shares and now holds a total of 167,083 shares of AES Corp which is valued at $2,071,829. AES Corp makes up approx 0.02% of Sg Americas Securities’s portfolio.Aberdeen Asset Management Plcuk boosted its stake in AES in the latest quarter, The investment management firm added 318,002 additional shares and now holds a total of 645,950 shares of AES Corp which is valued at $8,009,780. AES Corp makes up approx 0.03% of Aberdeen Asset Management Plcuk’s portfolio.Miller Howard Investments Inc Ny boosted its stake in AES in the latest quarter, The investment management firm added 210,105 additional shares and now holds a total of 602,863 shares of AES Corp which is valued at $7,626,217. AES Corp makes up approx 0.13% of Miller Howard Investments Inc Ny’s portfolio.

AES Corp closed down -0.28 points or -2.24% at $12.22 with 41,15,603 shares getting traded on Friday. Post opening the session at $12.4, the shares hit an intraday low of $12.16 and an intraday high of $12.41 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, AES Corp reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 5, 2016. Analyst had a consensus of $0.15. The company had revenue of $3229.00 million for the quarter, compared to analysts expectations of $4069.91 million. The company’s revenue was down -11.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.25 EPS.

The AES Corporation (AES) is a holding company that operates a portfolio of electricity generation and distribution businesses. The Company is organized into six market-oriented Strategic Business Units (SBUs): the United States Andes (Chile Colombia and Argentina) Brazil MCAC (Mexico Central America and Caribbean) Europe (formerly EMEA) and Asia. Within these six SBUs the Company has two lines of business: generation and utilities. Under the generation business line the Company owns and operates power plants to generate and sell power to customers such as utilities industrial users and other intermediaries. Under the utilities business line the Company owns and operates utilities to generate or purchase distribute transmit and sell electricity to end-user customers in the residential commercial industrial and governmental sectors within a defined service area. Its utilities also generate and sell electricity on the wholesale market.

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