Twinbeech Capital LP Invests $2.86 Million in The AES Co. (NYSE:AES)

Twinbeech Capital LP purchased a new stake in The AES Co. (NYSE:AES - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 221,904 shares of the utilities provider's stock, valued at approximately $2,856,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. SRS Capital Advisors Inc. raised its position in AES by 190.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock worth $31,000 after acquiring an additional 1,581 shares in the last quarter. Optiver Holding B.V. lifted its stake in AES by 79.5% in the 4th quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 1,201 shares during the last quarter. WR Wealth Planners LLC raised its stake in shares of AES by 93.3% during the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 1,369 shares during the last quarter. Covestor Ltd lifted its position in shares of AES by 601.5% in the 4th quarter. Covestor Ltd now owns 5,745 shares of the utilities provider's stock worth $74,000 after purchasing an additional 4,926 shares during the period. Finally, AlphaQuest LLC increased its stake in shares of AES by 18,047.1% in the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider's stock valued at $79,000 after acquiring an additional 6,136 shares in the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Stock Performance

AES traded up $0.38 during trading on Friday, hitting $10.01. 22,736,547 shares of the company traded hands, compared to its average volume of 12,385,158. The firm has a market cap of $7.13 billion, a P/E ratio of 6.95, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The AES Co. has a one year low of $9.46 and a one year high of $22.21. The stock's fifty day moving average is $11.10 and its 200 day moving average is $11.80.

AES (NYSE:AES - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.10). AES had a return on equity of 27.30% and a net margin of 8.34%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the firm posted $0.60 EPS. The company's revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, equities analysts predict that The AES Co. will post 1.93 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on AES. Susquehanna reduced their target price on AES from $16.00 to $15.00 and set a "positive" rating for the company in a research note on Wednesday, March 5th. Citigroup decreased their price target on shares of AES from $23.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, May 9th. JPMorgan Chase & Co. reduced their price objective on shares of AES from $16.00 to $14.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Jefferies Financial Group cut shares of AES from a "hold" rating to an "underperform" rating and dropped their price target for the company from $10.00 to $9.00 in a research report on Tuesday. Finally, HSBC decreased their price objective on AES from $15.00 to $14.00 in a report on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, AES presently has an average rating of "Moderate Buy" and an average price target of $24.22.

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.