The AES Co. (NYSE:AES) Shares Sold by CIBC Private Wealth Group LLC

Posted by on Jun 7th, 2023

CIBC Private Wealth Group LLC lowered its holdings in shares of The AES Co. (NYSE:AES – Get Rating) by 6.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,626 shares of the utilities provider’s stock after selling 1,082 shares during the period. CIBC Private Wealth Group LLC’s holdings in AES were worth $478,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of AES by 12.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 51,262 shares of the utilities provider’s stock worth $1,319,000 after acquiring an additional 5,594 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of AES by 9.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 91,659 shares of the utilities provider’s stock valued at $2,358,000 after purchasing an additional 7,975 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of AES by 1.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 309,233 shares of the utilities provider’s stock valued at $8,291,000 after purchasing an additional 3,755 shares in the last quarter. Yousif Capital Management LLC increased its holdings in shares of AES by 2.1% in the 1st quarter. Yousif Capital Management LLC now owns 110,543 shares of the utilities provider’s stock valued at $2,844,000 after purchasing an additional 2,285 shares in the last quarter. Finally, Cibc World Market Inc. increased its holdings in AES by 24.2% during the 1st quarter. Cibc World Market Inc. now owns 22,300 shares of the utilities provider’s stock valued at $574,000 after acquiring an additional 4,351 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

AES Trading Up 0.2 %

AES opened at $20.13 on Wednesday. The stock has a market capitalization of $13.47 billion, a PE ratio of -24.55, a P/E/G ratio of 1.33 and a beta of 0.95. The firm’s fifty day moving average price is $22.57 and its 200 day moving average price is $25.15. The company has a debt-to-equity ratio of 6.23, a current ratio of 1.13 and a quick ratio of 1.00. The AES Co. has a 12-month low of $18.62 and a 12-month high of $29.89.

AES (NYSE:AES – Get Rating) last posted its quarterly earnings results on Friday, May 5th. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.02). The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $2.84 billion. AES had a negative net margin of 3.59% and a positive return on equity of 38.46%. The company’s revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 earnings per share. As a group, research analysts expect that The AES Co. will post 1.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AES shares. TheStreet downgraded shares of AES from a “b-” rating to a “c” rating in a report on Monday, February 27th. Wolfe Research cut shares of AES from an “outperform” rating to a “peer perform” rating in a research report on Monday, April 17th. StockNews.com cut shares of AES from a “hold” rating to a “sell” rating in a research report on Saturday, May 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $32.00 target price on shares of AES in a research report on Monday, March 6th. Finally, Morgan Stanley decreased their target price on shares of AES from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Thursday, April 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, AES currently has an average rating of “Moderate Buy” and a consensus price target of $30.30.

AES Company Profile

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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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