The AES Co. (NYSE:AES) Shares Sold by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC lessened its position in shares of The AES Co. (NYSE:AES) by 71.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 271,294 shares of the utilities provider’s stock after selling 693,665 shares during the period. Worldquant Millennium Advisors LLC’s holdings in AES were worth $3,492,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. SRS Capital Advisors Inc. increased its stake in AES by 190.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 1,581 shares during the last quarter. Optiver Holding B.V. grew its position 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 buying an additional 1,201 shares during the last quarter. WR Wealth Planners LLC raised its stake in AES by 93.3% during the 4th quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 1,369 shares in the last quarter. Covestor Ltd lifted its position in AES by 601.5% in the fourth quarter. Covestor Ltd now owns 5,745 shares of the utilities provider’s stock valued at $74,000 after acquiring an additional 4,926 shares during the last quarter. Finally, AlphaQuest LLC grew its holdings in shares of AES by 18,047.1% during the fourth quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider’s stock worth $79,000 after purchasing an additional 6,136 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Mizuho dropped their price target on AES from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. JPMorgan Chase & Co. lowered their target price on shares of AES from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Bank of America upgraded shares of AES from an “underperform” rating to a “neutral” rating and upped their price target for the company from $11.00 to $13.00 in a research report on Tuesday, March 4th. Susquehanna lowered their price objective on shares of AES from $16.00 to $15.00 and set a “positive” rating on the stock in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group cut shares of AES from a “hold” rating to an “underperform” rating and reduced their target price for the company from $10.00 to $9.00 in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $24.22.

AES Price Performance

Shares of AES opened at $9.66 on Friday. 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 stock’s 50 day moving average is $11.16 and its two-hundred day moving average is $11.84. The AES Co. has a twelve month low of $9.46 and a twelve month high of $22.21. The firm has a market capitalization of $6.88 billion, a PE ratio of 6.71, a P/E/G ratio of 0.82 and a beta of 0.94.

AES (NYSE:AES) last released 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). AES had a return on equity of 27.30% and a net margin of 8.34%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the company posted $0.60 EPS. The company’s revenue was down 5.2% compared to the same quarter last year. Research analysts anticipate that The AES Co. will post 1.93 earnings per share for the current 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.