Capital International Investors Grows Stake in The AES Co. (NYSE:AES)

Capital International Investors grew its stake in shares of The AES Co. (NYSE:AESFree Report) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,671,801 shares of the utilities provider’s stock after buying an additional 2,537,128 shares during the period. Capital International Investors owned 10.40% of AES worth $1,341,277,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its holdings in shares of AES by 15.5% during the third quarter. Envestnet Asset Management Inc. now owns 679,615 shares of the utilities provider’s stock worth $10,330,000 after purchasing an additional 91,247 shares during the last quarter. Lazard Asset Management LLC raised its position in AES by 370.1% in the third quarter. Lazard Asset Management LLC now owns 116,537 shares of the utilities provider’s stock valued at $1,770,000 after purchasing an additional 91,749 shares during the period. Federated Hermes Inc. purchased a new position in AES in the fourth quarter valued at about $863,000. Quadrature Capital Ltd raised its position in AES by 54.8% in the third quarter. Quadrature Capital Ltd now owns 273,365 shares of the utilities provider’s stock valued at $4,157,000 after purchasing an additional 96,808 shares during the period. Finally, Channing Capital Management LLC increased its position in shares of AES by 16.7% during the third quarter. Channing Capital Management LLC now owns 352,276 shares of the utilities provider’s stock worth $5,355,000 after acquiring an additional 50,341 shares during the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Stock Performance

Shares of AES stock opened at $20.25 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 4.04. The business has a 50 day moving average of $18.87 and a two-hundred day moving average of $17.81. The AES Co. has a 52 week low of $11.43 and a 52 week high of $22.60. The company has a market cap of $14.39 billion, a P/E ratio of 28.98 and a beta of 1.11.

AES (NYSE:AESGet Free Report) last issued its earnings results on Friday, May 3rd. The utilities provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.16. AES had a return on equity of 36.23% and a net margin of 4.40%. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the firm posted $0.22 earnings per share. AES’s quarterly revenue was down 4.8% compared to the same quarter last year. As a group, analysts anticipate that The AES Co. will post 1.91 EPS for the current year.

Analyst Upgrades and Downgrades

AES has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $25.00 target price on shares of AES in a research report on Monday, March 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 target price on shares of AES in a research report on Tuesday, April 9th. Seaport Res Ptn lowered AES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Mizuho boosted their price objective on AES from $21.00 to $24.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Barclays lowered their price objective on AES from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, AES has a consensus rating of “Hold” and an average price target of $22.50.

Check Out Our Latest Research Report on AES

AES Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for AES (NYSE:AES)

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