Hsbc Holdings PLC Cuts Stake in AES Corp (AES)

Hsbc Holdings PLC trimmed its position in AES Corp (NYSE:AES) by 42.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 399,282 shares of the utilities provider’s stock after selling 298,511 shares during the period. Hsbc Holdings PLC owned approximately 0.06% of AES worth $5,773,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Huntington National Bank lifted its holdings in shares of AES by 14.0% in the fourth quarter. Huntington National Bank now owns 5,133 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 632 shares in the last quarter. North Star Investment Management Corp. lifted its holdings in shares of AES by 22.8% in the fourth quarter. North Star Investment Management Corp. now owns 4,476 shares of the utilities provider’s stock valued at $65,000 after purchasing an additional 831 shares in the last quarter. M&T Bank Corp increased its position in shares of AES by 2.2% in the fourth quarter. M&T Bank Corp now owns 45,658 shares of the utilities provider’s stock valued at $660,000 after acquiring an additional 995 shares during the last quarter. Investors Research Corp increased its position in shares of AES by 1.7% in the fourth quarter. Investors Research Corp now owns 60,964 shares of the utilities provider’s stock valued at $882,000 after acquiring an additional 1,000 shares during the last quarter. Finally, AI Financial Services LLC increased its position in shares of AES by 0.7% in the fourth quarter. AI Financial Services LLC now owns 166,115 shares of the utilities provider’s stock valued at $2,402,000 after acquiring an additional 1,185 shares during the last quarter. Institutional investors own 93.56% of the company’s stock.

Separately, Zacks Investment Research raised AES from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Monday, January 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $14.00.



NYSE:AES opened at $18.18 on Friday. The company has a debt-to-equity ratio of 3.15, a quick ratio of 1.01 and a current ratio of 1.14. The stock has a market capitalization of $11.99 billion, a P/E ratio of 14.66, a P/E/G ratio of 1.76 and a beta of 1.08. AES Corp has a 52-week low of $10.49 and a 52-week high of $18.26.

AES (NYSE:AES) last announced its quarterly earnings results on Wednesday, February 27th. The utilities provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $4.06 billion. AES had a return on equity of 19.43% and a net margin of 11.20%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. On average, analysts anticipate that AES Corp will post 1.32 earnings per share for the current year.

In other AES news, insider Jeffrey W. Ubben purchased 35,000 shares of the stock in a transaction on Wednesday, December 26th. The shares were purchased at an average price of $13.75 per share, with a total value of $481,250.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.06% of the stock is owned by insiders.

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AES 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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Institutional Ownership by Quarter for AES (NYSE:AES)

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