Rampart Investment Management Company LLC increased its stake in AES Corp (NYSE:AES) by 11.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 231,265 shares of the utilities provider’s stock after acquiring an additional 23,311 shares during the period. Rampart Investment Management Company LLC’s holdings in AES were worth $3,876,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC bought a new position in AES during the 2nd quarter valued at approximately $36,000. Focused Wealth Management Inc bought a new position in AES during the 2nd quarter valued at approximately $75,000. Marshall Wace North America L.P. bought a new position in AES during the 1st quarter valued at approximately $137,000. Hanseatic Management Services Inc. bought a new position in AES during the 1st quarter valued at approximately $154,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in AES by 58.3% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,233 shares of the utilities provider’s stock valued at $155,000 after purchasing an additional 3,400 shares during the last quarter. 93.58% of the stock is owned by institutional investors.
In other news, Director Jeffrey W. Ubben bought 200,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was purchased at an average price of $15.25 per share, with a total value of $3,050,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Julian Nebreda sold 18,864 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $15.24, for a total value of $287,487.36. Following the completion of the transaction, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at approximately $538,185.36. The disclosure for this sale can be found here. 1.06% of the stock is currently owned by corporate insiders.
Shares of NYSE:AES traded up $0.20 during trading on Monday, hitting $15.99. The stock had a trading volume of 98,837 shares, compared to its average volume of 4,437,880. AES Corp has a 12 month low of $13.39 and a 12 month high of $18.52. The company has a market capitalization of $10.48 billion, a PE ratio of 12.90, a PEG ratio of 1.38 and a beta of 1.05. The firm’s fifty day moving average is $15.65 and its 200 day moving average is $16.81. The company has a quick ratio of 1.24, a current ratio of 1.36 and a debt-to-equity ratio of 3.41.
AES (NYSE:AES) last announced its earnings results on Tuesday, August 6th. The utilities provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). AES had a return on equity of 18.94% and a net margin of 3.78%. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the prior year, the company posted $0.25 EPS. The firm’s revenue was down 2.1% on a year-over-year basis. Equities research analysts expect that AES Corp will post 1.34 EPS for the current fiscal year.
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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