Two Sigma Investments LP boosted its holdings in shares of AES Corp (NYSE:AES) by 166.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,621,643 shares of the utilities provider’s stock after acquiring an additional 1,637,712 shares during the period. Two Sigma Investments LP owned 0.40% of AES worth $28,392,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brandywine Global Investment Management LLC raised its holdings in AES by 2.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 195,772 shares of the utilities provider’s stock worth $2,121,000 after buying an additional 5,350 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of AES by 1.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 348,490 shares of the utilities provider’s stock worth $3,773,000 after acquiring an additional 5,700 shares during the period. Corient Capital Partners LLC grew its stake in shares of AES by 2.4% in the fourth quarter. Corient Capital Partners LLC now owns 277,605 shares of the utilities provider’s stock worth $3,006,000 after acquiring an additional 6,543 shares during the period. Jefferies Group LLC grew its stake in shares of AES by 2.3% in the fourth quarter. Jefferies Group LLC now owns 300,000 shares of the utilities provider’s stock worth $3,249,000 after acquiring an additional 6,766 shares during the period. Finally, Commerzbank Aktiengesellschaft FI grew its stake in shares of AES by 19.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 41,834 shares of the utilities provider’s stock worth $453,000 after acquiring an additional 6,921 shares during the period. 93.44% of the stock is owned by institutional investors.
AES has been the subject of several recent research reports. Morgan Stanley cut their target price on shares of AES from $14.00 to $12.50 and set an “equal weight” rating for the company in a research report on Wednesday, December 13th. Zacks Investment Research upgraded shares of AES from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Tuesday. JPMorgan Chase upped their price target on shares of AES from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Monday, March 19th. ValuEngine upgraded shares of AES from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Finally, SunTrust Banks set a $14.00 target price on shares of AES and gave the stock a “buy” rating in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. AES currently has an average rating of “Hold” and a consensus price target of $12.64.
NYSE AES opened at $11.42 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.67. The stock has a market capitalization of $7,523.01, a PE ratio of 10.57, a P/E/G ratio of 1.22 and a beta of 1.17. AES Corp has a 12 month low of $9.86 and a 12 month high of $12.05.
AES (NYSE:AES) last issued its earnings results on Tuesday, February 27th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.11. AES had a negative net margin of 8.77% and a positive return on equity of 16.52%. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the prior year, the business earned $0.30 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. equities research analysts anticipate that AES Corp will post 1.2 earnings per share for the current year.
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The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.
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