Ltd. Sells 139153 Shares of AES Corp (AES)

Xavier Trudeau
Juin 2, 2017

Gamco Investors INC. ET AL maintained its position in AES Corp (NYSE:AES) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company.

Herndon Capital Management Llc, which manages about $8.70B and $756.92 million US Long portfolio, upped its stake in Verizon Communications (NYSE:VZ) by 299,001 shares to 299,376 shares, valued at $15.98M in 2016Q4, according to the filing. The firm owned 586,400 shares of the utilities provider's stock after buying an additional 213,100 shares during the period. Silvercrest Asset Management Group LLC raised its position in shares of AES Corp by 2.4% in the fourth quarter. Capital Guardian Trust Co. now owns 6,765,666 shares of the utilities provider's stock valued at $78,617,000 after buying an additional 2,248,982 shares during the period. Fulton Bank N.A. raised its position in shares of AES Corp by 5.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,379,327 shares of the utilities provider's stock worth $17,724,000 after buying an additional 21,736 shares in the last quarter. Pinnacle Bank acquired a new stake in shares of AES Corp during the first quarter worth approximately $411,000. IFP Advisors Inc now owns 11,329 shares of the utilities provider's stock worth $127,000 after buying an additional 5,489 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of AES Corp by 3.9% in the first quarter. United Services Automobile Association now owns 219,273 shares of the utilities provider's stock worth $2,818,000 after buying an additional 7,012 shares in the last quarter. About shares traded. AES Corp (NYSE:AES) has risen 4.28% since May 31, 2016 and is uptrending. The stock touched 52-week High of $13.32 on 09/23/16 and 52-week Low of $10.79 on 06/02/16. The firm's 50 day moving average is $11.41 and its 200-day moving average is $11.46. The firm's market capitalization is $7.72 billion.

AES Corp (NYSE:AES) last issued its quarterly earnings data on Monday, May 8th. The analysts estimated EPS for the higher end at 0.32 and lower end at 0.12 while the year ago reported earnings per share was 0.21. AES Corp had a negative net margin of 1.95% and a positive return on equity of 14.01%. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the previous year, the business posted $0.15 EPS.

The company reported an impressive total revenue of 13.59 Billion in the last fiscal year.

Now the shares of The AES Corporation (AES) has the trading volume of 6.78 Million shares with the average trading volume of 4780 shares.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, April 27th. This represents a $0.48 annualized dividend and a yield of 4.11%.

The AES Corporation (AES) now has P/E (Price to Earnings) ratio of 0 while the company's industry has 9.63 P/E and the sector P/E is 13.99. If you are reading this article on another domain, it was copied illegally and reposted in violation of USA & global trademark and copyright laws. The legal version of this story can be read at https://www.thestockobserver.com/2017/06/01/asset-management-one-co-ltd-sells-139153-shares-of-aes-corp-aes.html.

More notable recent AES Corp (NYSE:AES) news were published by: Nasdaq.com which released: "AES Corp". Argus reiterated a "hold" rating on shares of AES Corp in a report on Thursday, March 23rd.

AES Corp (NYSE:AES) was upgraded by Zacks Investment Research from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Tuesday, May 2nd. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal.

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