SVB Wealth LLC Has $511,000 Holdings in The AES Co. (NYSE:AES)

SVB Wealth LLC cut its stake in shares of The AES Co. (NYSE:AES – Get Rating) by 80.7% in the 4th quarter, HoldingsChannel reports. The fund owned 17,778 shares of the utilities provider’s stock after selling 74,468 shares during the quarter. SVB Wealth LLC’s holdings in AES were worth $511,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of AES by 1.6% in the first quarter. Vanguard Group Inc. now owns 83,790,219 shares of the utilities provider’s stock valued at $2,155,923,000 after buying an additional 1,285,423 shares in the last quarter. State Street Corp raised its position in AES by 2.7% during the third quarter. State Street Corp now owns 35,292,933 shares of the utilities provider’s stock valued at $797,620,000 after purchasing an additional 914,656 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in AES by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,135,355 shares of the utilities provider’s stock valued at $251,659,000 after purchasing an additional 53,261 shares in the last quarter. Northern Trust Corp raised its position in AES by 5.6% during the first quarter. Northern Trust Corp now owns 7,126,418 shares of the utilities provider’s stock valued at $183,363,000 after purchasing an additional 381,037 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in AES by 4.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,250,652 shares of the utilities provider’s stock valued at $135,100,000 after purchasing an additional 225,397 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

AES Stock Down 1.5 %

AES stock opened at $19.95 on Friday. The AES Co. has a 1-year low of $18.62 and a 1-year high of $29.89. The firm has a market capitalization of $13.35 billion, a price-to-earnings ratio of -24.33, a P/E/G ratio of 1.44 and a beta of 0.94. The company has a current ratio of 1.13, a quick ratio of 1.00 and a debt-to-equity ratio of 6.23. The firm has a 50 day simple moving average of $22.97 and a 200 day simple moving average of $25.60.

AES (NYSE:AES – Get Rating) last released its quarterly earnings data on Friday, May 5th. The utilities provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). AES had a negative net margin of 3.59% and a positive return on equity of 38.46%. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. On average, analysts predict that The AES Co. will post 1.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on AES. Royal Bank of Canada reaffirmed an “outperform” rating and set a $32.00 target price on shares of AES in a research note on Monday, March 6th. UBS Group decreased their target price on shares of AES from $30.00 to $27.00 in a research note on Tuesday, May 9th. TheStreet cut shares of AES from a “b-” rating to a “c” rating in a research note on Monday, February 27th. Wolfe Research cut shares of AES from an “outperform” rating to a “peer perform” rating in a research note on Monday, April 17th. Finally, Morgan Stanley reduced their price objective on shares of AES from $32.00 to $31.00 and set an “overweight” rating on the stock in a research note on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.30.

About AES

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The AES Corp. engages in the provision of power generation and utility services through its renewable and thermal generation facilities and distribution businesses. It operates through the following segments: U.S. and Utilities Strategic Business Unit (SBU), South America SBU, MCAC SBU, Eurasia SBU. The U.S.