Asset Management One Co. Ltd. Has $1.52 Million Stake in The AES Corporation (NYSE:AES)

Asset Management One Co. Ltd. cut its stake in shares of The AES Corporation (NYSE:AES - Free Report) by 65.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 122,357 shares of the utilities provider's stock after selling 231,689 shares during the quarter. Asset Management One Co. Ltd.'s holdings in AES were worth $1,520,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. boosted its position in AES by 20.7% during the first quarter. Oppenheimer & Co. Inc. now owns 127,854 shares of the utilities provider's stock worth $1,588,000 after purchasing an additional 21,902 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of AES by 23.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 689,534 shares of the utilities provider's stock worth $8,564,000 after purchasing an additional 129,782 shares during the last quarter. Continuum Advisory LLC raised its holdings in AES by 660.6% in the 1st quarter. Continuum Advisory LLC now owns 4,092 shares of the utilities provider's stock valued at $51,000 after acquiring an additional 3,554 shares during the last quarter. TrueMark Investments LLC purchased a new position in AES during the first quarter worth about $143,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of AES by 49.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 92,318 shares of the utilities provider's stock worth $1,147,000 after acquiring an additional 30,363 shares during the period. Institutional investors and hedge funds own 93.13% of the company's stock.

AES Stock Up 3.0%

Shares of NYSE AES traded up $0.34 during trading hours on Thursday, hitting $11.47. The stock had a trading volume of 13,837,883 shares, compared to its average volume of 13,218,971. The company has a market capitalization of $8.17 billion, a P/E ratio of 6.23, a P/E/G ratio of 1.44 and a beta of 0.95. The firm's 50-day moving average price is $10.70 and its two-hundred day moving average price is $11.26. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.78 and a current ratio of 0.84. The AES Corporation has a 52 week low of $9.46 and a 52 week high of $20.30.

AES (NYSE:AES - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.27 earnings per share 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 18.06% and a net margin of 10.67%. AES's quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Analysts anticipate that The AES Corporation will post 1.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AES has been the subject of a number of recent research reports. Jefferies Financial Group lowered AES from a "hold" rating to an "underperform" rating and lowered their target price for the company from $10.00 to $9.00 in a research note on Tuesday, May 20th. Wells Fargo & Company lifted their price target on shares of AES from $108.00 to $112.00 in a report on Friday, May 2nd. Citigroup lowered their price objective on AES from $23.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Susquehanna cut their price target on AES from $16.00 to $15.00 and set a "positive" rating on the stock in a report on Wednesday, March 5th. Finally, Wall Street Zen downgraded AES from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.