Union Bancaire Privee UBP SA Decreases Stock Position in The AES Corporation (NYSE:AES)

Union Bancaire Privee UBP SA lowered its position in shares of The AES Corporation (NYSE:AES - Free Report) by 58.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,113 shares of the utilities provider's stock after selling 77,080 shares during the period. Union Bancaire Privee UBP SA's holdings in AES were worth $636,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arvest Investments Inc. purchased a new stake in AES in the first quarter worth approximately $1,773,000. CX Institutional bought a new stake in shares of AES in the 1st quarter worth approximately $130,000. Monarch Capital Management Inc. boosted its stake in shares of AES by 7.9% in the 1st quarter. Monarch Capital Management Inc. now owns 113,315 shares of the utilities provider's stock valued at $1,407,000 after purchasing an additional 8,334 shares in the last quarter. Oak Family Advisors LLC bought a new position in shares of AES during the 1st quarter valued at $3,041,000. Finally, Fiduciary Financial Group LLC raised its position in AES by 7.5% in the 1st quarter. Fiduciary Financial Group LLC now owns 23,939 shares of the utilities provider's stock worth $297,000 after purchasing an additional 1,677 shares during the period. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on AES shares. Citigroup decreased their price objective on AES from $23.00 to $14.00 and set a "buy" rating on the stock in a report on Friday, May 9th. JPMorgan Chase & Co. decreased their price target on AES from $16.00 to $14.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. HSBC dropped their price objective on AES from $15.00 to $14.00 in a research note on Monday, May 5th. Wall Street Zen downgraded shares of AES from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Finally, Mizuho cut their price target on shares of AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a report on Tuesday, March 4th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $24.22.

AES Stock Down 8.2%

Shares of NYSE AES traded down $0.94 during mid-day trading on Tuesday, hitting $10.52. 28,136,344 shares of the stock traded hands, compared to its average volume of 12,913,610. The stock has a fifty day moving average price of $10.63 and a 200-day moving average price of $11.46. 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 company has a market cap of $7.49 billion, a price-to-earnings ratio of 5.72, a PEG ratio of 1.53 and a beta of 0.96. 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 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 business had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $3.13 billion. AES had a net margin of 10.67% and a return on equity of 18.06%. During the same period last year, the business earned $0.60 earnings per share. The company's revenue was down 5.2% on a year-over-year basis. Research analysts anticipate 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.