Nuveen Asset Management LLC Cuts Stock Holdings in The AES Co. (NYSE:AES)

Nuveen Asset Management LLC cut its stake in The AES Co. (NYSE:AES - Free Report) by 7.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,945,548 shares of the utilities provider's stock after selling 147,565 shares during the quarter. 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 have also bought and sold shares of the company. SRS Capital Advisors Inc. raised its position in shares of AES by 190.3% during 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 period. Optiver Holding B.V. grew 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 purchasing an additional 1,201 shares in the last quarter. WR Wealth Planners LLC grew its stake in shares of AES by 93.3% during the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock worth $37,000 after purchasing an additional 1,369 shares in the last quarter. Covestor Ltd grew its stake in shares of AES by 601.5% during the fourth quarter. Covestor Ltd now owns 5,745 shares of the utilities provider's stock worth $74,000 after purchasing an additional 4,926 shares in the last quarter. Finally, AlphaQuest LLC grew its stake in shares of AES by 18,047.1% during the fourth quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider's stock worth $79,000 after purchasing an additional 6,136 shares in the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.

AES Price Performance

AES traded up $0.06 on Tuesday, hitting $10.05. 8,044,027 shares of the company were exchanged, compared to its average volume of 12,390,721. The business's fifty day moving average is $11.04 and its 200 day moving average is $11.75. The firm has a market capitalization of $7.15 billion, a P/E ratio of 6.98, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94. The AES Co. has a fifty-two week low of $9.46 and a fifty-two week high of $22.21. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85.

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 business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.13 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. The firm's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 earnings per share. As a group, sell-side analysts anticipate that The AES Co. will post 1.93 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. HSBC lowered their target price on shares of AES from $15.00 to $14.00 in a research note on Monday, May 5th. Wall Street Zen cut shares of AES from a "hold" rating to a "sell" rating in a report on Saturday. Mizuho reduced their target price on shares of AES from $16.00 to $15.00 and set an "outperform" rating for the company in a report on Tuesday, March 4th. Bank of America raised shares of 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. Finally, Susquehanna dropped their price target on shares of AES from $16.00 to $15.00 and set a "positive" rating on the stock in a research note on Wednesday, March 5th. Three investment 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.