Two Sigma Advisers LP Has $21.12 Million Stock Holdings in The AES Co. (NYSE:AES)

Two Sigma Advisers LP cut its holdings in shares of The AES Co. (NYSE:AES - Free Report) by 57.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,641,300 shares of the utilities provider's stock after selling 2,197,200 shares during the quarter. Two Sigma Advisers LP owned approximately 0.23% of AES worth $21,124,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. SRS Capital Advisors Inc. grew its holdings in AES by 190.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock worth $31,000 after acquiring an additional 1,581 shares in the last quarter. Optiver Holding B.V. grew its stake in AES by 79.5% in 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 increased its holdings in AES by 93.3% in the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock valued at $37,000 after buying an additional 1,369 shares during the last quarter. Covestor Ltd raised its stake in AES by 601.5% during the fourth quarter. Covestor Ltd now owns 5,745 shares of the utilities provider's stock valued at $74,000 after buying an additional 4,926 shares in the last quarter. Finally, AlphaQuest LLC grew its position in shares of AES by 18,047.1% in the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider's stock worth $79,000 after acquiring an additional 6,136 shares in the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AES shares. Jefferies Financial Group downgraded shares of AES from a "hold" rating to an "underperform" rating and decreased their price objective for the stock from $10.00 to $9.00 in a report on Tuesday. HSBC lowered their price objective on shares of AES from $15.00 to $14.00 in a research report on Monday, May 5th. Seaport Res Ptn cut shares of AES from a "hold" rating to a "strong sell" rating in a report on Monday, March 3rd. Mizuho lowered their target price on AES from $16.00 to $15.00 and set an "outperform" rating for the company in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. dropped their price target on AES from $16.00 to $14.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $24.22.

AES Stock Performance

AES traded up $0.38 during trading hours on Friday, hitting $10.01. The company's stock had a trading volume of 22,736,547 shares, compared to its average volume of 12,385,158. The AES Co. has a fifty-two week low of $9.46 and a fifty-two week high of $22.21. The firm has a market capitalization of $7.13 billion, a PE ratio of 6.95, a PEG ratio of 0.82 and a beta of 0.94. The company has a 50-day simple moving average of $11.10 and a 200 day simple moving average of $11.80. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21.

AES (NYSE:AES - Get Free Report) last announced its earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 8.34% and a return on equity of 27.30%. The business's quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. As a group, sell-side analysts expect that The AES Co. 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.