Vontobel Holding Ltd. Grows Stake in The AES Corporation (NYSE:AES)

Vontobel Holding Ltd. raised its stake in shares of The AES Corporation (NYSE:AES - Free Report) by 45.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 389,842 shares of the utilities provider's stock after acquiring an additional 122,166 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.05% of AES worth $4,842,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Yousif Capital Management LLC increased its holdings 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 acquiring an additional 1,012 shares during the period. Optiver Holding B.V. increased its holdings in shares of AES by 79.5% in the 4th quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 1,201 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in shares of AES by 1.6% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 85,866 shares of the utilities provider's stock valued at $1,095,000 after acquiring an additional 1,382 shares during the period. Signature Estate & Investment Advisors LLC increased its holdings in shares of AES by 11.4% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 14,082 shares of the utilities provider's stock valued at $181,000 after acquiring an additional 1,436 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of AES by 0.7% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 222,539 shares of the utilities provider's stock valued at $2,864,000 after acquiring an additional 1,575 shares during the period. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AES has been the topic of a number of analyst reports. Jefferies Financial Group downgraded AES from a "hold" rating to an "underperform" rating and cut their price target for the company from $10.00 to $9.00 in a report on Tuesday, May 20th. Wells Fargo & Company boosted their target price on AES from $108.00 to $112.00 in a research note on Friday, May 2nd. Argus reaffirmed a "hold" rating on shares of AES in a research report on Tuesday, May 27th. Susquehanna lowered their price target on AES from $16.00 to $15.00 and set a "positive" rating for the company in a research report on Wednesday, March 5th. Finally, Citigroup lowered their price target on AES from $23.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Three analysts have rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, AES has a consensus rating of "Moderate Buy" and a consensus target price of $24.22.

AES Stock Performance

Shares of AES stock opened at $11.11 on Thursday. The stock has a market cap of $7.91 billion, a PE ratio of 6.04, a price-to-earnings-growth ratio of 1.44 and a beta of 0.95. The business has a 50-day simple moving average of $10.70 and a 200-day simple moving average of $11.26. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 3.42. 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 (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.10). The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.13 billion. AES had a net margin of 10.67% and a return on equity of 18.06%. The business's quarterly revenue was down 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.60 EPS. On average, equities 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.

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