Capital International Sarl reduced its holdings in AES Corp (NYSE:AES) by 59.1% during the 4th quarter, Holdings Channel reports. The firm owned 197,468 shares of the utilities provider’s stock after selling 284,930 shares during the quarter. Capital International Sarl’s holdings in AES were worth $3,930,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AES. Signaturefd LLC lifted its position in AES by 179.4% during the fourth quarter. Signaturefd LLC now owns 2,199 shares of the utilities provider’s stock worth $44,000 after buying an additional 1,412 shares in the last quarter. Covington Capital Management grew its stake in shares of AES by 51.3% in the third quarter. Covington Capital Management now owns 3,532 shares of the utilities provider’s stock valued at $58,000 after buying an additional 1,197 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of AES by 70.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 3,354 shares of the utilities provider’s stock valued at $67,000 after buying an additional 1,382 shares in the last quarter. Carmichael Hill & Associates Inc. acquired a new stake in shares of AES in the fourth quarter valued at $80,000. Finally, Penserra Capital Management LLC grew its stake in shares of AES by 564.2% in the third quarter. Penserra Capital Management LLC now owns 5,832 shares of the utilities provider’s stock valued at $94,000 after buying an additional 4,954 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently weighed in on the company. TheStreet cut AES from a “b” rating to a “c” rating in a research note on Friday, February 28th. SunTrust Banks boosted their target price on AES from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Morgan Stanley raised AES from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $19.00 to $16.50 in a research note on Monday. Finally, UBS Group raised AES from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $21.00 to $16.00 in a research note on Monday, March 16th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $18.01.

NYSE AES traded up $0.54 during trading on Thursday, reaching $13.36. 2,949,497 shares of the company’s stock were exchanged, compared to its average volume of 8,367,320. AES Corp has a 1 year low of $8.11 and a 1 year high of $21.23. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.93 and a current ratio of 1.03. The stock has a market cap of $8.41 billion, a P/E ratio of 29.68, a price-to-earnings-growth ratio of 1.01 and a beta of 1.14. The company has a 50 day moving average price of $17.07 and a two-hundred day moving average price of $17.88.

AES (NYSE:AES) last posted its earnings results on Friday, February 28th. The utilities provider reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. AES had a return on equity of 22.82% and a net margin of 2.97%. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the previous year, the business earned $0.36 EPS. The business’s quarterly revenue was down 7.3% on a year-over-year basis. Research analysts forecast that AES Corp will post 1.43 EPS for the current fiscal year.

In other news, Director John B. Morse, Jr. purchased 10,000 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of $12.99 per share, for a total transaction of $129,900.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $129,900. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Lisa Krueger purchased 3,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was purchased at an average price of $10.99 per share, for a total transaction of $32,970.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 39,293 shares of company stock worth $442,461 in the last quarter. 1.54% of the stock is currently owned by insiders.

AES Profile

The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also 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.

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Institutional Ownership by Quarter for AES (NYSE:AES)

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