Clearbridge Lowers stake in AES Corp (AES)

AES Corp (AES) : Clearbridge reduced its stake in AES Corp by 1.59% during the most recent quarter end. The investment management company now holds a total of 12,485,819 shares of AES Corp which is valued at $152,576,708 after selling 201,790 shares in AES Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.AES Corp makes up approximately 2.87% of Clearbridge’s portfolio.

Other Hedge Funds, Including , 361 Capital sold out all of its stake in AES during the most recent quarter. The investment firm sold 7,663 shares of AES which is valued $93,642.Quantum Capital Management reduced its stake in AES by selling 5,330 shares or 3.82% in the most recent quarter. The Hedge Fund company now holds 134,168 shares of AES which is valued at $1,639,533. AES Corp makes up approx 0.22% of Quantum Capital Management’s portfolio.Teachers Advisors Inc boosted its stake in AES in the latest quarter, The investment management firm added 52,472 additional shares and now holds a total of 878,147 shares of AES Corp which is valued at $10,730,956. AES Corp makes up approx 0.02% of Teachers Advisors Inc’s portfolio.Sentinel Trust Co Lba reduced its stake in AES by selling 207,895 shares or 61.77% in the most recent quarter. The Hedge Fund company now holds 128,656 shares of AES which is valued at $1,615,919. AES Corp makes up approx 0.23% of Sentinel Trust Co Lba’s portfolio.

AES Corp closed down -0.06 points or -0.50% at $12.01 with 56,00,329 shares getting traded on Thursday. Post opening the session at $12.07, the shares hit an intraday low of $11.845 and an intraday high of $12.09 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, AES Corp reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 5, 2016. Analyst had a consensus of $0.15. The company had revenue of $3229.00 million for the quarter, compared to analysts expectations of $4069.91 million. The company’s revenue was down -11.7 % 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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