4,137 Shares in The AES Co. (NYSE:AES) Purchased by Mather Group LLC.

Mather Group LLC. acquired a new position in shares of The AES Co. (NYSE:AES) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,137 shares of the utilities provider’s stock, valued at approximately $80,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC increased its position in shares of AES by 18.0% in the fourth quarter. Global Retirement Partners LLC now owns 4,378 shares of the utilities provider’s stock worth $78,000 after purchasing an additional 668 shares during the last quarter. Concourse Financial Group Securities Inc. raised its position in AES by 13.0% during the fourth quarter. Concourse Financial Group Securities Inc. now owns 7,008 shares of the utilities provider’s stock valued at $135,000 after purchasing an additional 806 shares in the last quarter. Private Trust Co. NA boosted its holdings in shares of AES by 68.8% in the 4th quarter. Private Trust Co. NA now owns 2,669 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 1,088 shares in the last quarter. Glassman Wealth Services lifted its position in AES by 186.1% in the 4th quarter. Glassman Wealth Services now owns 1,928 shares of the utilities provider’s stock worth $37,000 after buying an additional 1,254 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of AES by 0.8% during the fourth quarter. Arizona State Retirement System now owns 184,041 shares of the utilities provider’s stock worth $3,543,000 after acquiring an additional 1,433 shares in the last quarter. 93.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on AES shares. Morgan Stanley reiterated an “overweight” rating and issued a $25.00 target price on shares of AES in a research report on Monday, March 25th. UBS Group reduced their price target on AES from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 3rd. Seaport Res Ptn lowered AES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Barclays lowered their price target on shares of AES from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, March 14th. Finally, Mizuho boosted their price objective on shares of AES from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, May 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.50.

AES Stock Performance

AES stock opened at $18.47 on Friday. The AES Co. has a fifty-two week low of $11.43 and a fifty-two week high of $22.60. The stock has a market cap of $13.13 billion, a price-to-earnings ratio of 25.65 and a beta of 1.11. The stock’s 50 day simple moving average is $19.31 and its two-hundred day simple moving average is $18.01. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.71 and a current ratio of 0.78.

AES (NYSE:AES) last issued its quarterly earnings results on Friday, May 3rd. The utilities provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.16. The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.20 billion. AES had a return on equity of 36.23% and a net margin of 4.40%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 earnings per share. As a group, analysts expect that The AES Co. will post 1.91 earnings per share for the current fiscal year.

About AES

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. 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.