According to Zacks, “In the past 12 months, shares of AES Corp have outperformed its industry. The company continues to streamline its portfolio by divesting assets and exiting markets, wherein it does not have or cannot develop a competitive edge. AES Corp is focused on preserving its financial flexibility by reducing costs. Also, the company is rapidly expanding its renewable footprint overseas. Besides asset divestment, the company is teaming up with other companies to expand its footprint in potential markets. However, focus on long-term supply contracts exposes the company to commodity price risks. The political landscape in Brazil is unstable and has caused a delay in AES Corp’s reform plans. Moreover,”
NYSE AES traded down $0.30 during trading hours on Monday, reaching $15.95. The company had a trading volume of 2,128,506 shares, compared to its average volume of 6,341,423. AES has a 1-year low of $11.80 and a 1-year high of $18.52. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.34 and a quick ratio of 1.01. The stock has a market capitalization of $10.70 billion, a P/E ratio of 12.86, a PEG ratio of 1.54 and a beta of 1.04.
Several institutional investors and hedge funds have recently modified their holdings of AES. Vanguard Group Inc raised its holdings in AES by 6.1% in the third quarter. Vanguard Group Inc now owns 81,854,306 shares of the utilities provider’s stock valued at $1,145,960,000 after acquiring an additional 4,727,278 shares in the last quarter. BlackRock Inc. raised its holdings in AES by 0.4% in the fourth quarter. BlackRock Inc. now owns 63,316,409 shares of the utilities provider’s stock valued at $915,555,000 after acquiring an additional 264,771 shares in the last quarter. Bank of Montreal Can raised its holdings in AES by 2.5% in the fourth quarter. Bank of Montreal Can now owns 16,403,408 shares of the utilities provider’s stock valued at $237,194,000 after acquiring an additional 402,901 shares in the last quarter. AJO LP raised its holdings in AES by 13.8% in the first quarter. AJO LP now owns 10,291,239 shares of the utilities provider’s stock valued at $186,066,000 after acquiring an additional 1,245,605 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in AES by 7.9% in the fourth quarter. Geode Capital Management LLC now owns 9,484,866 shares of the utilities provider’s stock valued at $136,934,000 after acquiring an additional 691,153 shares in the last quarter. 93.53% of the stock is currently owned by institutional investors and hedge funds.
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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