Is The AES Corporation (AES) Going to Burn These Hedge Funds?

Page 1 of 2

In today’s marketplace, there are a multitude of gauges investors can use to analyze Mr. Market. A couple of the most useful are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top hedge fund managers can outperform the S&P 500 by a solid amount (see just how much).

Equally as necessary, bullish insider trading activity is a second way to look at the stock market universe. Obviously, there are a variety of motivations for an insider to drop shares of his or her company, but only one, very simple reason why they would buy. Various academic studies have demonstrated the useful potential of this strategy if “monkeys” understand what to do (learn more here).

The AES Corporation (NYSE:AES)

Keeping this in mind, let’s examine the latest info about The AES Corporation (NYSE:AES).

How are hedge funds trading The AES Corporation (NYSE:AES)?

At Q2′s end, a total of 21 of the hedge funds we track held long positions in this stock, a change of 5% from the first quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists an “upper tier” of key hedge fund managers who were upping their stakes substantially.

According to our 13F database, Israel Englander’s Millennium Management had the biggest position in The AES Corporation (NYSE:AES), worth close to $45.7 million, accounting for 0.1% of its total 13F portfolio. On Millennium Management’s heels is Glenn Russell Dubin of Highbridge Capital Management, with a $39.1 million position; 0.4% of its 13F portfolio is allocated to the company. Remaining peers that hold long positions include Phill Gross and Robert Atchinson’s Adage Capital Management, D. E. Shaw’s D E Shaw and Ken Griffin’s Citadel Investment Group.

As one would understandably expect, specific money managers were leading the bulls’ herd. Millennium Management, managed by Israel Englander, established the largest position in The AES Corporation (NYSE:AES). Millennium Management had 45.7 million invested in the company at the end of the quarter. Glenn Russell Dubin’s Highbridge Capital Management also initiated a $39.1 million position during the quarter. The following funds were also among the new AES investors: Phill Gross and Robert Atchinson’s Adage Capital Management, D. E. Shaw’s D E Shaw, and Ken Griffin’s Citadel Investment Group.

How have insiders been trading The AES Corporation (NYSE:AES)?

Insider buying is particularly usable when the company we’re looking at has experienced transactions within the past six months. Over the latest half-year time frame, The AES Corporation (NYSE:AES) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

We’ll go over the relationship between both of these indicators in other stocks similar to The AES Corporation (NYSE:AES). These stocks are CMS Energy Corporation (NYSE:CMS), Entergy Corporation (NYSE:ETR), Companhia Energetica Minas Gerais (ADR) (NYSE:CIG), Wisconsin Energy Corporation (NYSE:WEC), and Calpine Corporation (NYSE:CPN). This group of stocks belong to the electric utilities industry and their market caps resemble AES’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!