GTS Securities LLC Decreases Stock Position in The AES Co. (NYSE:AES)

GTS Securities LLC lowered its stake in shares of The AES Co. (NYSE:AES - Free Report) by 71.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,826 shares of the utilities provider's stock after selling 34,273 shares during the period. GTS Securities LLC's holdings in AES were worth $178,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in AES. Stephens Inc. AR raised its stake in AES by 67.1% during the 4th quarter. Stephens Inc. AR now owns 332,012 shares of the utilities provider's stock worth $4,273,000 after buying an additional 133,308 shares during the period. Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of AES during the fourth quarter worth approximately $489,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of AES by 47.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,174 shares of the utilities provider's stock worth $946,000 after purchasing an additional 23,764 shares in the last quarter. RWC Asset Management LLP acquired a new stake in AES in the 4th quarter valued at $4,762,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in AES by 27.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,030,356 shares of the utilities provider's stock valued at $26,131,000 after purchasing an additional 434,356 shares in the last quarter. Institutional investors own 93.13% of the company's stock.

AES Stock Performance

AES stock traded up $0.09 during mid-day trading on Monday, reaching $10.18. 12,768,686 shares of the company's stock were exchanged, compared to its average volume of 12,501,908. The firm has a market capitalization of $7.24 billion, a PE ratio of 7.07, a P/E/G 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 business's fifty day simple moving average is $10.80 and its 200 day simple moving average is $11.64. The AES Co. has a one year low of $9.46 and a one year high of $21.82.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AES shares. HSBC dropped their price objective on shares of AES from $15.00 to $14.00 in a research note on Monday, May 5th. Citigroup dropped their price target on shares of AES from $23.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Bank of America raised AES from an "underperform" rating to a "neutral" rating and boosted their price objective for the stock from $11.00 to $13.00 in a report on Tuesday, March 4th. JPMorgan Chase & Co. dropped their target price on AES from $16.00 to $14.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, Wall Street Zen downgraded AES from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.