SG Americas Securities LLC Sells 114,316 Shares of The AES Corporation (NYSE:AES)

SG Americas Securities LLC lessened its holdings in The AES Corporation (NYSE:AES - Free Report) by 38.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 183,815 shares of the utilities provider's stock after selling 114,316 shares during the period. SG Americas Securities LLC's holdings in AES were worth $2,283,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AES. Fiduciary Financial Group LLC lifted its position in shares of AES by 7.5% during the 1st quarter. Fiduciary Financial Group LLC now owns 23,939 shares of the utilities provider's stock worth $297,000 after buying an additional 1,677 shares during the period. Wealthcare Advisory Partners LLC lifted its holdings in shares of AES by 23.9% during the first quarter. Wealthcare Advisory Partners LLC now owns 30,192 shares of the utilities provider's stock valued at $375,000 after acquiring an additional 5,833 shares during the period. Yousif Capital Management LLC boosted its stake in shares of AES by 1.1% in the 1st quarter. Yousif Capital Management LLC now owns 94,686 shares of the utilities provider's stock valued at $1,176,000 after purchasing an additional 1,012 shares in the last quarter. Portside Wealth Group LLC increased its position in shares of AES by 5.3% during the 1st quarter. Portside Wealth Group LLC now owns 75,089 shares of the utilities provider's stock worth $933,000 after purchasing an additional 3,767 shares in the last quarter. Finally, First Citizens Bank & Trust Co. bought a new position in AES during the 1st quarter valued at about $7,459,000. Institutional investors own 93.13% of the company's stock.

Analyst Ratings Changes

AES has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on shares of AES from $108.00 to $112.00 in a research note on Friday, May 2nd. Argus restated a "hold" rating on shares of AES in a research report on Tuesday, May 27th. Mizuho cut their price objective on AES from $16.00 to $15.00 and set an "outperform" rating for the company in a research report on Tuesday, March 4th. Wall Street Zen cut AES from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Finally, JPMorgan Chase & Co. cut their price target on AES from $16.00 to $14.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $24.22.

AES Trading Down 0.1%

Shares of NYSE AES traded down $0.02 during midday trading on Wednesday, reaching $10.52. 11,041,811 shares of the stock were exchanged, compared to its average volume of 12,908,813. 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 12 month low of $9.46 and a 12 month high of $20.30. The business has a 50-day simple moving average of $10.63 and a two-hundred day simple moving average of $11.46. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of 5.71, a P/E/G ratio of 1.53 and a beta of 0.96.

AES (NYSE:AES - Get Free Report) last announced its 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 18.06% and a net margin of 10.67%. The business's quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.60 earnings per share. As a group, equities research analysts expect that The AES Corporation will post 1.93 EPS for the current year.

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.