Nuveen Asset Management LLC Sells 147,565 Shares of The AES Co. (NYSE:AES)

Nuveen Asset Management LLC cut its holdings in shares of The AES Co. (NYSE:AES - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,945,548 shares of the utilities provider's stock after selling 147,565 shares during the period. Nuveen Asset Management LLC owned approximately 0.27% of AES worth $25,039,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. raised its position in AES by 190.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock worth $31,000 after acquiring an additional 1,581 shares in the last quarter. Optiver Holding B.V. lifted its stake in AES by 79.5% during the fourth quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 1,201 shares during the last quarter. WR Wealth Planners LLC grew its position in AES by 93.3% in the fourth 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 during the last quarter. Covestor Ltd increased its holdings in shares of AES by 601.5% in the fourth 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 in the last quarter. Finally, AlphaQuest LLC lifted its position in shares of AES by 18,047.1% during the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider's stock valued at $79,000 after acquiring an additional 6,136 shares during the last quarter. 93.13% of the stock is owned by institutional investors.

AES Stock Down 3.6%

NYSE AES traded down $0.37 on Wednesday, reaching $9.71. The stock had a trading volume of 4,273,623 shares, compared to its average volume of 15,977,045. The company has a current ratio of 0.85, a quick ratio of 0.80 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 $22.21. The business has a 50 day moving average price of $10.98 and a 200 day moving average price of $11.74. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 6.74, a P/E/G ratio of 0.82 and a beta of 0.94.

AES (NYSE:AES - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.10). The firm 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 company's quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 EPS. On average, analysts forecast that The AES Co. will post 1.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AES. Bank of America raised AES from an "underperform" rating to a "neutral" rating and upped their target price for the company from $11.00 to $13.00 in a report on Tuesday, March 4th. Wall Street Zen lowered shares of AES from a "hold" rating to a "sell" rating in a research note on Saturday. Wells Fargo & Company lifted their target price on shares of AES from $108.00 to $112.00 in a research report on Friday, May 2nd. HSBC reduced their price target on shares of AES from $15.00 to $14.00 in a research report on Monday, May 5th. Finally, Mizuho lowered their price objective on shares of AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 4th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.22.

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.