UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 142,523 Shares of The AES Co. (NYSE:AES)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of The AES Co. (NYSE:AES - Free Report) by 4.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,089,385 shares of the utilities provider's stock after purchasing an additional 142,523 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.43% of AES worth $39,760,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AES. SG Americas Securities LLC boosted its position in AES by 3,275.2% during the 4th quarter. SG Americas Securities LLC now owns 298,131 shares of the utilities provider's stock worth $3,837,000 after acquiring an additional 289,298 shares during the period. Mutual Advisors LLC boosted its position in AES by 6.8% during the 4th quarter. Mutual Advisors LLC now owns 74,167 shares of the utilities provider's stock worth $890,000 after acquiring an additional 4,723 shares during the period. Exchange Traded Concepts LLC boosted its position in AES by 75.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 34,411 shares of the utilities provider's stock worth $443,000 after acquiring an additional 14,806 shares during the period. Toth Financial Advisory Corp acquired a new position in AES during the 4th quarter worth $95,000. Finally, Avaii Wealth Management LLC acquired a new position in AES during the 4th quarter worth $211,000. Institutional investors and hedge funds own 93.13% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AES. Mizuho cut their price objective on AES from $16.00 to $15.00 and set an "outperform" rating for the company in a report on Tuesday, March 4th. Citigroup cut their price objective on AES from $23.00 to $14.00 and set a "buy" rating for the company in a report on Friday, May 9th. Seaport Res Ptn lowered AES from a "hold" rating to a "strong sell" rating in a report on Monday, March 3rd. Wall Street Zen lowered AES from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Finally, Argus restated a "hold" rating on shares of AES in a report on Tuesday. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, AES presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.22.

AES Stock Up 0.7%

AES stock traded up $0.07 during mid-day trading on Friday, hitting $10.12. The stock had a trading volume of 2,931,501 shares, compared to its average volume of 12,444,099. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The AES Co. has a 1-year low of $9.46 and a 1-year high of $22.21. The company has a fifty day moving average of $10.86 and a 200 day moving average of $11.70. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 0.82 and a beta of 0.94.

AES (NYSE:AES - Get Free Report) last issued 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 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 27.30% and a net margin of 8.34%. The business's revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 earnings per share. On average, equities analysts expect that The AES Co. will post 1.93 EPS for the current fiscal year.

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.