Ameriprise Financial Reduces $22M in The AES Corporation ($AES)
Key Points
- Ameriprise Financial changed its The AES Corporation ($AES) stake by 4.3% last quarter, cutting to 33,071,890 shares worth $485.50 million.
- Wall Street's consensus rating on $AES is Hold and an average price target of $15.00.
- $AES last traded around $14.68.
Ameriprise Financial trimmed its position in The AES Corporation ($AES) by 4.3% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,071,890 shares of The AES Corporation after selling 1,497,765 shares during the quarter. Ameriprise Financial's holdings in The AES Corporation were worth $485.50 million as of its most recent filing.
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About The AES Corporation
The AES Corporation, together with its subsidiaries, operates as a power generation and utility company. It operates through four segments: Renewables, Utilities, Energy Infrastructure, and New Energy Technologies. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; 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, as well as investments in technologies to support leading-edge greener energy solutions. It uses various fuels and technologies to generate electricity, such as solar, hydro, wind, coal, and gas, as well as renewables comprising energy storage and landfill gas. The company owns and/or operates a generation portfolio of approximately 34,740 megawatts and distributes power to 2.7 million customers. The company operates in the United States, Chile, Dominican Republic, El Salvador, Mexico, Bulgaria, Panama, Colombia, Argentina, Vietnam, Jordan, Puerto Rico, and internationally. The company was formerly known as Applied Energy Services, Inc. and changed its name to The AES Corporation in April 2000. The AES Corporation was incorporated in 1981 and is based in Arlington, Virginia.
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