Assenagon Asset Management S.A. Has $4.06 Million Position in The AES Co. (NYSE:AES)

Assenagon Asset Management S.A. lessened its position in The AES Co. (NYSE:AES - Free Report) by 73.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 327,063 shares of the utilities provider's stock after selling 914,630 shares during the period. Assenagon Asset Management S.A.'s holdings in AES were worth $4,062,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AES. SRS Capital Advisors Inc. boosted its position in AES by 190.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock valued at $31,000 after buying an additional 1,581 shares during the last quarter. Optiver Holding B.V. raised its stake in shares of AES by 79.5% during the fourth quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock worth $35,000 after buying an additional 1,201 shares during the last quarter. WR Wealth Planners LLC grew its holdings in AES by 93.3% during the 4th quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock worth $37,000 after acquiring an additional 1,369 shares during the period. McIlrath & Eck LLC lifted its stake in AES by 760.4% in the fourth quarter. McIlrath & Eck LLC now owns 3,347 shares of the utilities provider's stock valued at $43,000 after buying an additional 2,958 shares during the period. Finally, Rothschild Investment LLC raised its position in shares of AES by 235.4% in the 1st quarter. Rothschild Investment LLC now owns 3,595 shares of the utilities provider's stock valued at $45,000 after acquiring an additional 2,523 shares during the period. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Stock Performance

NYSE:AES traded up $0.02 during mid-day trading on Monday, hitting $11.46. The stock had a trading volume of 11,824,589 shares, compared to its average volume of 12,834,691. The AES Co. has a twelve month low of $9.46 and a twelve month high of $20.30. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The stock has a market cap of $8.16 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 0.82 and a beta of 0.96. The company's 50 day simple moving average is $10.61 and its 200 day simple moving average is $11.48.

AES (NYSE:AES - Get Free Report) last released its quarterly earnings data 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 business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the business earned $0.60 earnings per share. The business's quarterly revenue was down 5.2% on a year-over-year basis. On average, equities research analysts forecast that The AES Co. will post 1.93 earnings per share for the current year.

Analysts Set New Price Targets

AES has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of AES from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Jefferies Financial Group lowered AES from a "hold" rating to an "underperform" rating and dropped their price target for the stock from $10.00 to $9.00 in a research report on Tuesday, May 20th. Bank of America raised shares of AES from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $11.00 to $13.00 in a research note on Tuesday, March 4th. JPMorgan Chase & Co. reduced their target price on shares of AES from $16.00 to $14.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Mizuho cut their price target on AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a report on Tuesday, March 4th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.