Avenir Corp Lowers stake in AES Corp (AES)

AES Corp (AES) : Avenir Corp reduced its stake in AES Corp by 1.62% during the most recent quarter end. The investment management company now holds a total of 3,912,178 shares of AES Corp which is valued at $47,806,815 after selling 64,599 shares in AES Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.AES Corp makes up approximately 3.74% of Avenir Corp’s portfolio.

Other Hedge Funds, Including , Hsbc Holdings Plc boosted its stake in AES in the latest quarter, The investment management firm added 37,177 additional shares and now holds a total of 1,298,641 shares of AES Corp which is valued at $15,869,393. AES Corp makes up approx 0.05% of Hsbc Holdings Plc’s portfolio.State Of Wisconsin Investment Board boosted its stake in AES in the latest quarter, The investment management firm added 102,400 additional shares and now holds a total of 1,208,894 shares of AES Corp which is valued at $14,772,685. AES Corp makes up approx 0.06% of State Of Wisconsin Investment Board’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in AES in the latest quarter, The investment management firm added 159,052 additional shares and now holds a total of 1,100,470 shares of AES Corp which is valued at $13,458,748. AES Corp makes up approx 0.04% of State Board Of Administration Of Florida Retirement System’s portfolio.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in AES in the latest quarter, The investment management firm added 498 additional shares and now holds a total of 49,773 shares of AES Corp which is valued at $614,697. AES Corp makes up approx 0.02% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio. Achievement Holdings added AES to its portfolio by purchasing 46,500 company shares during the most recent quarter which is valued at $575,205. AES Corp makes up approx 0.07% of Achievement Holdings’s portfolio.

AES Corp opened for trading at $12.07 and hit $12.225 on the upside on Monday, eventually ending the session at $12.15, with a gain of 1.08% or 0.13 points. The heightened volatility saw the trading volume jump to 28,51,358 shares. Company has a market cap of $8,008 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.

Leave a Reply

AES Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on AES Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.