The AES Co. (NYSE:AES) Holdings Trimmed by American International Group Inc.

American International Group Inc. lowered its holdings in The AES Co. (NYSE:AES) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,129 shares of the utilities provider’s stock after selling 4,535 shares during the period. American International Group Inc.’s holdings in AES were worth $3,448,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AES. Neo Ivy Capital Management purchased a new stake in AES in the 4th quarter worth about $184,000. Quarry LP lifted its position in shares of AES by 12.3% in the fourth quarter. Quarry LP now owns 15,323 shares of the utilities provider’s stock worth $295,000 after purchasing an additional 1,678 shares in the last quarter. BlueCrest Capital Management Ltd boosted its holdings in shares of AES by 28.3% during the fourth quarter. BlueCrest Capital Management Ltd now owns 119,627 shares of the utilities provider’s stock worth $2,303,000 after purchasing an additional 26,355 shares during the period. Bridgefront Capital LLC grew its position in AES by 109.3% during the fourth quarter. Bridgefront Capital LLC now owns 31,336 shares of the utilities provider’s stock valued at $603,000 after purchasing an additional 16,365 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its position in AES by 5.7% in the 4th quarter. Point72 Asset Management L.P. now owns 3,783,800 shares of the utilities provider’s stock worth $72,838,000 after buying an additional 204,448 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

Analyst Upgrades and Downgrades

AES has been the topic of a number of research reports. Barclays dropped their price target on shares of AES from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price target on shares of AES in a research note on Tuesday, April 9th. Argus reissued a “buy” rating and issued a $25.00 price target on shares of AES in a research note on Tuesday, March 26th. Morgan Stanley reaffirmed an “overweight” rating and set a $25.00 price objective on shares of AES in a research report on Monday, March 25th. Finally, UBS Group dropped their price target on shares of AES from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.50.

AES Stock Performance

NYSE:AES opened at $18.47 on Monday. The firm has a market capitalization of $13.13 billion, a PE ratio of 25.65 and a beta of 1.11. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 4.04. The AES Co. has a 1 year low of $11.43 and a 1 year high of $22.60. The firm’s fifty day simple moving average is $19.31 and its 200 day simple moving average is $18.01.

AES (NYSE:AES) last posted its quarterly earnings data on Friday, May 3rd. The utilities provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.16. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates 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 previous year, the company posted $0.22 earnings per share. On average, sell-side analysts anticipate that The AES Co. will post 1.91 EPS for the current 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.