Is The AES Corporation (AES) A Good Stock To Buy?

Now, some big names have been driving this bullishness. Clinton Group assembled the largest position in The AES Corporation (NYSE:AES). Clinton Group had $9.6 million invested in the company at the end of the quarter. Brad Dunkley and Blair Levinsky’s Waratah Capital Advisors also initiated a $4.5 million position during the quarter. The other funds with brand new AES positions are David Costen Haley’s HBK Investments, Ray Dalio’s Bridgewater Associates, and Matthew Hulsizer’s PEAK6 Capital Management.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as The AES Corporation (NYSE:AES) but similarly valued. These stocks are Airgas, Inc. (NYSE:ARG), PulteGroup, Inc. (NYSE:PHM), Partnerre Ltd (NYSE:PRE), and NetSuite Inc (NYSE:N). This group of stocks’ market values resemble AES’s market value.

As you can see these stocks had an average of 24 hedge funds with bullish positions and the average amount invested in these stocks was $533 million. That figure was $211 million in AES’s case. Airgas, Inc. (NYSE:ARG) is the most popular stock in this table with a total of 30 funds reporting long positions, which is the same number as in AES’s case. On the other hand NetSuite Inc (NYSE:N) is the least popular one with only 14 bullish hedge fund positions. In this way, since AES enjoys a strong level of interest it may be a good idea to take a closer look at the stock and maybe include it in your portfolio.