California State Teachers Retirement System Has $10.89 Million Stock Position in The AES Co. (NYSE:AES)

California State Teachers Retirement System lowered its holdings in The AES Co. (NYSE:AES - Free Report) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 845,966 shares of the utilities provider's stock after selling 40,472 shares during the period. California State Teachers Retirement System owned about 0.12% of AES worth $10,888,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AES. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in AES during the 4th quarter worth approximately $3,334,000. Gould Capital LLC raised its position in shares of AES by 32.8% during the 4th quarter. Gould Capital LLC now owns 225,196 shares of the utilities provider's stock worth $2,898,000 after purchasing an additional 55,619 shares during the period. Mackenzie Financial Corp raised its position in shares of AES by 13.5% during the 4th quarter. Mackenzie Financial Corp now owns 25,510 shares of the utilities provider's stock worth $328,000 after purchasing an additional 3,041 shares during the period. North Star Asset Management Inc. raised its position in shares of AES by 7.2% during the 4th quarter. North Star Asset Management Inc. now owns 1,515,444 shares of the utilities provider's stock worth $19,504,000 after purchasing an additional 101,514 shares during the period. Finally, McIlrath & Eck LLC raised its position in shares of AES by 760.4% during the 4th quarter. McIlrath & Eck LLC now owns 3,347 shares of the utilities provider's stock worth $43,000 after purchasing an additional 2,958 shares during the period. Hedge funds and other institutional investors own 93.13% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wells Fargo & Company raised their target price on AES from $108.00 to $112.00 in a research report on Friday, May 2nd. JPMorgan Chase & Co. lowered their target price on AES from $16.00 to $14.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Mizuho lowered their target price on AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 4th. HSBC lowered their target price on AES from $15.00 to $14.00 in a research report on Monday, May 5th. Finally, Argus reiterated a "hold" rating on shares of AES in a research report on Tuesday, May 27th. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $24.22.

AES Stock Down 0.5%

Shares of AES stock traded down $0.05 during midday trading on Wednesday, hitting $10.22. The company's stock had a trading volume of 4,613,932 shares, compared to its average volume of 12,485,682. The firm has a market capitalization of $7.28 billion, a P/E ratio of 7.10, a PEG ratio of 0.82 and a beta of 0.94. The stock has a 50-day simple moving average of $10.72 and a 200-day simple moving average of $11.61. 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 1-year low of $9.46 and a 1-year high of $21.12.

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

AES Company 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.