The AES Corporation (NYSE:AES) Stock Holdings Lifted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its position in The AES Corporation (NYSE:AES - Free Report) by 23.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 689,534 shares of the utilities provider's stock after purchasing an additional 129,782 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.10% of AES worth $8,564,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AES. Yousif Capital Management LLC lifted its position in AES by 1.1% during the first quarter. Yousif Capital Management LLC now owns 94,686 shares of the utilities provider's stock valued at $1,176,000 after buying an additional 1,012 shares in the last quarter. Optiver Holding B.V. lifted its holdings in shares of AES by 79.5% during the 4th quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 1,201 shares in the last quarter. WR Wealth Planners LLC boosted its position 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 purchasing an additional 1,369 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in AES by 1.6% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 85,866 shares of the utilities provider's stock valued at $1,095,000 after purchasing an additional 1,382 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC raised its position in AES by 11.4% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 14,082 shares of the utilities provider's stock valued at $181,000 after purchasing an additional 1,436 shares during the period. 93.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Citigroup decreased their target price on AES from $23.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, May 9th. HSBC decreased their price target on AES from $15.00 to $14.00 in a report on Monday, May 5th. Susquehanna dropped their price objective 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. Wall Street Zen downgraded shares of AES from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Finally, Argus reaffirmed a "hold" rating on shares of AES in a report on Tuesday, May 27th. 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 issued a strong buy rating to the company. According to MarketBeat, AES currently has an average rating of "Moderate Buy" and an average price target of $24.22.

AES Stock Down 0.9%

Shares of NYSE:AES traded down $0.10 during midday trading on Friday, reaching $10.72. The company had a trading volume of 12,936,927 shares, compared to its average volume of 13,080,853. The stock has a market capitalization of $7.63 billion, a P/E ratio of 5.82, a PEG ratio of 1.40 and a beta of 0.96. The stock's fifty day moving average price is $10.64 and its 200-day moving average price is $11.34. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.84 and a quick ratio of 0.78. The AES Corporation has a one year low of $9.46 and a one year high of $20.30.

AES (NYSE:AES - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.10). The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.13 billion. AES had a return on equity of 18.06% and a net margin of 10.67%. AES's revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 EPS. Equities research analysts expect that The AES Corporation will post 1.93 earnings per share for the current fiscal year.

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.