The AES Co. (NYSE:AES) Shares Sold by MidWestOne Financial Group Inc.

MidWestOne Financial Group Inc. reduced its stake in The AES Co. (NYSE:AES - Free Report) by 47.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 51,155 shares of the utilities provider's stock after selling 46,196 shares during the quarter. MidWestOne Financial Group Inc.'s holdings in AES were worth $658,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. lifted its position in shares of 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 purchasing an additional 1,581 shares in the last quarter. Optiver Holding B.V. increased its stake in AES by 79.5% during the 4th 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 period. WR Wealth Planners LLC lifted 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 buying an additional 1,369 shares in the last quarter. Covestor Ltd boosted its position in AES by 601.5% in the 4th quarter. Covestor Ltd now owns 5,745 shares of the utilities provider's stock valued at $74,000 after buying an additional 4,926 shares during the period. Finally, AlphaQuest LLC grew its stake in shares of AES by 18,047.1% in the fourth quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider's stock worth $79,000 after acquiring an additional 6,136 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company's stock.

AES Stock Up 0.6%

NYSE:AES traded up $0.06 during mid-day trading on Tuesday, hitting $10.05. The company had a trading volume of 4,608,663 shares, compared to its average volume of 12,377,126. The business has a fifty day simple moving average of $11.04 and a 200-day simple moving average of $11.75. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 0.82 and a beta of 0.94. The AES Co. has a 1 year low of $9.46 and a 1 year high of $22.21. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21.

AES (NYSE:AES - Get Free Report) last released its quarterly 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 company had revenue of $2.93 billion for 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 revenue was down 5.2% on a year-over-year basis. During the same period last year, the firm posted $0.60 earnings per share. Equities analysts forecast that The AES Co. will post 1.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AES shares. Mizuho decreased their target price on AES from $16.00 to $15.00 and set an "outperform" rating for the company in a report on Tuesday, March 4th. Barclays cut their price target on AES from $17.00 to $12.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Susquehanna cut their price objective on shares of AES from $16.00 to $15.00 and set a "positive" rating for the company in a research report on Wednesday, March 5th. Bank of America upgraded shares of AES from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $11.00 to $13.00 in a research note on Tuesday, March 4th. Finally, Citigroup decreased their target price on AES from $23.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock 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.