The AES Co. (NYSE:AES) Position Lifted by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its holdings in The AES Co. (NYSE:AES - Free Report) by 87.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 136,599 shares of the utilities provider's stock after buying an additional 63,533 shares during the period. Quantinno Capital Management LP's holdings in AES were worth $1,758,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of AES by 19.5% during the 4th quarter. FMR LLC now owns 49,173,626 shares of the utilities provider's stock worth $632,865,000 after buying an additional 8,027,426 shares during the last quarter. Ameriprise Financial Inc. grew its position in AES by 35.7% during the fourth quarter. Ameriprise Financial Inc. now owns 28,571,119 shares of the utilities provider's stock valued at $367,499,000 after acquiring an additional 7,519,129 shares during the period. Invesco Ltd. increased its stake in AES by 64.2% during the fourth quarter. Invesco Ltd. now owns 15,948,807 shares of the utilities provider's stock worth $205,261,000 after acquiring an additional 6,238,087 shares during the last quarter. Sound Shore Management Inc. CT purchased a new position in shares of AES in the 4th quarter worth about $69,083,000. Finally, Empyrean Capital Partners LP acquired a new position in shares of AES in the 4th quarter valued at about $48,327,000. Hedge funds and other institutional investors own 93.13% of the company's stock.

AES Stock Down 0.4%

AES stock traded down $0.04 during midday trading on Tuesday, hitting $9.96. 2,665,874 shares of the stock were exchanged, compared to its average volume of 12,368,991. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The company has a 50 day moving average price of $11.04 and a two-hundred day moving average price of $11.75. The firm has a market cap of $7.09 billion, a P/E ratio of 6.91, a P/E/G 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.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AES. HSBC dropped their target price on shares of AES from $15.00 to $14.00 in a research report on Monday, May 5th. Argus reissued a "hold" rating on shares of AES in a research report on Tuesday. Jefferies Financial Group lowered shares of AES from a "hold" rating to an "underperform" rating and reduced their target price for the company from $10.00 to $9.00 in a report on Tuesday, May 20th. Seaport Res Ptn cut shares of AES from a "hold" rating to a "strong sell" rating in a research report on Monday, March 3rd. Finally, Barclays cut their price objective on AES from $17.00 to $12.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.