Edmond De Rothschild Asset Management (france) Lowers stake in AES Corp (AES)

AES Corp (AES) : Edmond De Rothschild Asset Management (france) reduced its stake in AES Corp by 1.34% during the most recent quarter end. The investment management company now holds a total of 2,935,000 shares of AES Corp which is valued at $35,865,700 after selling 40,000 shares in AES Corp , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.AES Corp makes up approximately 1.62% of Edmond De Rothschild Asset Management (france)’s portfolio.

Other Hedge Funds, Including , Advantus Capital Management Inc boosted its stake in AES in the latest quarter, The investment management firm added 84,340 additional shares and now holds a total of 147,926 shares of AES Corp which is valued at $1,807,656. AES Corp makes up approx 0.05% of Advantus Capital Management Inc’s portfolio.Janney Capital Management reduced its stake in AES by selling 9,738 shares or 1.17% in the most recent quarter. The Hedge Fund company now holds 820,737 shares of AES which is valued at $10,037,614. AES Corp makes up approx 0.52% of Janney Capital Management’s portfolio.Ngam Advisors reduced its stake in AES by selling 2,713 shares or 4.41% in the most recent quarter. The Hedge Fund company now holds 58,741 shares of AES which is valued at $728,388. AES Corp makes up approx 0.01% of Ngam Advisors’s portfolio.Msi Financial Services Inc boosted its stake in AES in the latest quarter, The investment management firm added 1,495 additional shares and now holds a total of 3,110 shares of AES Corp which is valued at $38,471.Ibm Retirement Fund reduced its stake in AES by selling 2,265 shares or 2.82% in the most recent quarter. The Hedge Fund company now holds 78,192 shares of AES which is valued at $989,129. AES Corp makes up approx 0.04% of Ibm Retirement Fund’s portfolio.

AES Corp closed down -0.28 points or -2.24% at $12.22 with 41,15,603 shares getting traded on Friday. Post opening the session at $12.4, the shares hit an intraday low of $12.16 and an intraday high of $12.41 and the price fluctuated in this range throughout the day.Shares ended Friday 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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