Ahl Partners Llp buys $12,813,379 stake in AES Corp (AES)

AES Corp (AES) : Ahl Partners Llp scooped up 850,337 additional shares in AES Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,048,558 shares of AES Corp which is valued at $12,813,379.AES Corp makes up approximately 0.77% of Ahl Partners Llp’s portfolio.

Other Hedge Funds, Including , Amp Capital Investors Ltd boosted its stake in AES in the latest quarter, The investment management firm added 62,276 additional shares and now holds a total of 487,805 shares of AES Corp which is valued at $5,960,977. AES Corp makes up approx 0.04% of Amp Capital Investors Ltd’s portfolio.Edmond De Rothschild Asset Management (france) reduced its stake in AES by selling 40,000 shares or 1.34% in the most recent quarter. The Hedge Fund company now holds 2,935,000 shares of AES which is valued at $35,865,700. AES Corp makes up approx 1.62% of Edmond De Rothschild Asset Management (france)’s portfolio.Bb&t Securities boosted its stake in AES in the latest quarter, The investment management firm added 3,353 additional shares and now holds a total of 26,700 shares of AES Corp which is valued at $326,541. Quantitative Systematic Strategies sold out all of its stake in AES during the most recent quarter. The investment firm sold 13,246 shares of AES which is valued $163,588.

AES Corp opened for trading at $12.85 and hit $13.08 on the upside on Wednesday, eventually ending the session at $13.03, with a gain of 1.48% or 0.19 points. The heightened volatility saw the trading volume jump to 8,097,152 shares. Company has a market cap of $8,588 M.

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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