Russell Investments Group Ltd. grew its holdings in AES Corp (NYSE:AES) by 4.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 482,803 shares of the utilities provider’s stock after buying an additional 20,114 shares during the period. Russell Investments Group Ltd.’s holdings in AES were worth $5,482,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. Aristotle Capital Management LLC lifted its holdings in AES by 7.3% during the 4th quarter. Aristotle Capital Management LLC now owns 17,420,583 shares of the utilities provider’s stock worth $188,665,000 after purchasing an additional 1,182,054 shares during the last quarter. TCW Group Inc. lifted its holdings in AES by 1.9% during the 1st quarter. TCW Group Inc. now owns 10,606,820 shares of the utilities provider’s stock worth $120,599,000 after purchasing an additional 194,074 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in AES by 8.0% during the 4th quarter. Bank of New York Mellon Corp now owns 10,578,482 shares of the utilities provider’s stock worth $114,566,000 after purchasing an additional 786,421 shares during the last quarter. Northern Trust Corp lifted its holdings in AES by 0.9% during the 1st quarter. Northern Trust Corp now owns 8,125,646 shares of the utilities provider’s stock worth $92,388,000 after purchasing an additional 70,732 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in AES by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 7,839,604 shares of the utilities provider’s stock worth $84,737,000 after purchasing an additional 431,291 shares during the last quarter. 94.69% of the stock is owned by institutional investors and hedge funds.
Several analysts recently weighed in on the company. ValuEngine raised AES from a “hold” rating to a “buy” rating in a report on Friday, April 27th. JPMorgan Chase & Co. lifted their price target on AES from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Monday, March 19th. Bank of America cut AES from a “buy” rating to a “neutral” rating in a report on Wednesday, May 16th. They noted that the move was a valuation call. Morgan Stanley set a $14.00 price target on AES and gave the stock a “hold” rating in a report on Friday, April 27th. Finally, Zacks Investment Research raised AES from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Tuesday, April 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $12.93.
Shares of NYSE AES opened at $13.21 on Wednesday. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 1.30 and a beta of 1.18. The company has a quick ratio of 1.00, a current ratio of 1.12 and a debt-to-equity ratio of 3.20. AES Corp has a fifty-two week low of $9.86 and a fifty-two week high of $13.35.
AES (NYSE:AES) last announced its quarterly earnings data on Tuesday, May 8th. The utilities provider reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.13 billion. AES had a positive return on equity of 18.70% and a negative net margin of 3.63%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 EPS. equities research analysts forecast that AES Corp will post 1.21 EPS for the current fiscal year.
AES Company Profile
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also 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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