Douglas Lane & Associates LLC boosted its stake in shares of The AES Co. (NYSE:AES – Free Report) by 2.7% through the first quarter, in keeping with its most up-to-date Type 13F submitting with the SEC. The fund owned 3,559,999 shares of the utilities supplier’s inventory after shopping for an extra 91,990 shares through the interval. Douglas Lane & Associates LLC owned 0.50% of AES value $63,831,000 on the finish of the latest quarter.
Different institutional traders and hedge funds additionally just lately added to or decreased their stakes within the firm. Glassman Wealth Companies boosted its stake in AES by 186.1% through the fourth quarter. Glassman Wealth Companies now owns 1,928 shares of the utilities supplier’s inventory value $37,000 after shopping for an extra 1,254 shares over the past quarter. Non-public Belief Co. NA boosted its stake in AES by 68.8% through the fourth quarter. Non-public Belief Co. NA now owns 2,669 shares of the utilities supplier’s inventory value $51,000 after shopping for an extra 1,088 shares over the past quarter. Principal Securities Inc. acquired a brand new place in AES through the fourth quarter value $57,000. Allworth Monetary LP raised its place in AES by 133.7% within the fourth quarter. Allworth Monetary LP now owns 3,110 shares of the utilities supplier’s inventory valued at $60,000 after buying an extra 1,779 shares through the interval. Lastly, Parkside Monetary Financial institution & Belief raised its place in AES by 267.5% within the fourth quarter. Parkside Monetary Financial institution & Belief now owns 3,587 shares of the utilities supplier’s inventory valued at $69,000 after buying an extra 2,611 shares through the interval. Institutional traders and hedge funds personal 93.13% of the corporate’s inventory.
AES Inventory Down 2.1 %
AES traded down $0.39 on Friday, hitting $18.47. 17,911,853 shares of the corporate had been exchanged, in comparison with its common quantity of 5,896,388. The AES Co. has a twelve month low of $11.43 and a twelve month excessive of $22.60. The firm has a market cap of $13.13 billion, a price-to-earnings ratio of 25.65 and a beta of 1.11. The firm has a present ratio of 0.78, a fast ratio of 0.71 and a debt-to-equity ratio of 4.04. The agency has a 50-day transferring common value of $19.31 and a two-hundred day transferring common value of $18.01.
AES (NYSE:AES – Get Free Report) final launched its quarterly earnings information on Friday, Might third. The utilities supplier reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.16. The enterprise had income of $3.09 billion through the quarter, in comparison with analysts’ expectations of $3.20 billion. AES had a return on fairness of 36.23% and a web margin of 4.40%. The enterprise’s quarterly income was down 4.8% in comparison with the identical quarter final yr. Throughout the identical interval within the prior yr, the agency posted $0.22 EPS. On common, equities analysts predict that The AES Co. will put up 1.91 earnings per share for the present yr.
Wall Road Analysts Forecast Progress
AES has been the subject of a quantity of analysis analyst experiences. Barclays decreased their goal value on AES from $21.00 to $20.00 and set an “obese” ranking on the inventory in a analysis report on Thursday, March 14th. Seaport Res Ptn downgraded AES from a “strong-buy” ranking to a “maintain” ranking in a report on Tuesday, Might twenty first. Morgan Stanley reiterated an “obese” ranking and issued a $25.00 value goal on shares of AES in a report on Monday, March twenty fifth. Royal Financial institution of Canada reiterated an “outperform” ranking and issued a $22.00 value goal on shares of AES in a report on Tuesday, April ninth. Lastly, Argus reiterated a “purchase” ranking and issued a $25.00 value goal on shares of AES in a report on Tuesday, March twenty sixth. One analysis analyst has rated the inventory with a promote ranking, two have issued a maintain ranking and 5 have given a purchase ranking to the corporate’s inventory. Primarily based on information from MarketBeat, AES presently has a consensus ranking of “Average Purchase” and a mean value goal of $22.50.
About AES
The AES Company, along with its subsidiaries, operates as a diversified energy era and utility firm in america and internationally. The firm owns and/or operates energy crops to generate and promote energy to prospects, equivalent to utilities, industrial customers, and different intermediaries; owns and/or operates utilities to generate or buy, distribute, transmit, and promote electrical energy to end-user prospects within the residential, business, industrial, and governmental sectors; and generates and sells electrical energy on the wholesale market.
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Douglas Lane & Associates LLC Purchases 91,990 Shares of The AES Co. (NYSE:AES) www.marketbeat.com 2024-06-23 16:29:55
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