Btc Capital Management adds AES Corp (AES) to its portfolio

AES Corp (AES) : Btc Capital Management added new position in AES Corp during the most recent quarter end. The investment management firm now holds 233,991 shares of AES Corp which is valued at $2,901,488 , the company said in a statement filed on Aug 1, 2016 with the SEC.AES Corp makes up approximately 0.61% of Btc Capital Management’s portfolio.

Other Hedge Funds, Including , Evercore Wealth Management boosted its stake in AES in the latest quarter, The investment management firm added 374 additional shares and now holds a total of 14,874 shares of AES Corp which is valued at $184,438. AES Corp makes up approx 0.01% of Evercore Wealth Management’s portfolio.Cibc World Markets boosted its stake in AES in the latest quarter, The investment management firm added 52,674 additional shares and now holds a total of 158,904 shares of AES Corp which is valued at $2,010,136. AES Corp makes up approx 0.01% of Cibc World Markets’s portfolio.Wealthtrust-arizona boosted its stake in AES in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 104 shares of AES Corp which is valued at $1,316.

AES Corp opened for trading at $12.38 and hit $12.44 on the upside on Thursday, eventually ending the session at $12.41, with a gain of 0.08% or 0.01 points. The heightened volatility saw the trading volume jump to 38,50,873 shares. Company has a market cap of $8,178 M.

On the company’s financial health, AES Corp reported $0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $0.20. The company had revenue of $3471.00 million for the quarter, compared to analysts expectations of $3786.28 million. The company’s revenue was down -12.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.25 EPS.

The AES Corporation (AES) is a holding company that operates a portfolio of electricity generation and distribution businesses. The Company is organized into six market-oriented Strategic Business Units (SBUs): the United States Andes (Chile Colombia and Argentina) Brazil MCAC (Mexico Central America and Caribbean) Europe (formerly EMEA) and Asia. Within these six SBUs the Company has two lines of business: generation and utilities. Under the generation business line the Company owns and operates power plants to generate and sell power to customers such as utilities industrial users and other intermediaries. Under the utilities business line the Company owns and operates utilities to generate or purchase distribute transmit and sell electricity to end-user customers in the residential commercial industrial and governmental sectors within a defined service area. Its utilities also generate and sell electricity on the wholesale market.

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