Wexford Capital LP Makes New Investment in The AES Co. (NYSE:AES)

Wexford Capital LP acquired a new position in shares of The AES Co. (NYSE:AES - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 40,000 shares of the utilities provider's stock, valued at approximately $515,000.

Other hedge funds also recently made changes to their positions in the company. Stephens Inc. AR grew its holdings in shares of AES by 67.1% during the fourth quarter. Stephens Inc. AR now owns 332,012 shares of the utilities provider's stock worth $4,273,000 after purchasing an additional 133,308 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of AES by 5,143.7% during the fourth quarter. UMB Bank n.a. now owns 76,977 shares of the utilities provider's stock worth $991,000 after buying an additional 75,509 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of AES during the fourth quarter worth about $489,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of AES by 47.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,174 shares of the utilities provider's stock worth $946,000 after buying an additional 23,764 shares during the last quarter. Finally, RWC Asset Management LLP purchased a new position in shares of AES during the fourth quarter worth about $4,762,000. Hedge funds and other institutional investors own 93.13% of the company's stock.

AES Price Performance

Shares of AES traded up $0.38 on Friday, reaching $10.01. The stock had a trading volume of 22,736,547 shares, compared to its average volume of 12,385,159. The firm has a market capitalization of $7.13 billion, a PE ratio of 6.95, a PEG 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 firm has a 50-day moving average of $11.10 and a 200 day moving average of $11.80. The AES Co. has a twelve month low of $9.46 and a twelve month high of $22.21.

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

Analysts Set New Price Targets

AES has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on AES from $108.00 to $112.00 in a report on Friday, May 2nd. Jefferies Financial Group lowered AES from a "hold" rating to an "underperform" rating and lowered their price objective for the company from $10.00 to $9.00 in a report on Tuesday. Seaport Res Ptn lowered AES from a "hold" rating to a "strong sell" rating in a report on Monday, March 3rd. HSBC lowered their price objective on AES from $15.00 to $14.00 in a report on Monday, May 5th. Finally, Wall Street Zen lowered AES from a "hold" rating to a "sell" rating in a report on Saturday. Three analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $24.22.

AES Profile

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.