Quadrature Capital Ltd Sells 177,085 Shares of The AES Co. (NYSE:AES)

Quadrature Capital Ltd reduced its stake in The AES Co. (NYSE:AES) by 64.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 96,280 shares of the utilities provider’s stock after selling 177,085 shares during the quarter. Quadrature Capital Ltd’s holdings in AES were worth $1,854,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Capital World Investors raised its stake in shares of AES by 76.9% in the fourth quarter. Capital World Investors now owns 71,348,566 shares of the utilities provider’s stock worth $1,373,460,000 after buying an additional 31,009,718 shares during the period. Capital International Investors raised its stake in AES by 3.8% during the 4th quarter. Capital International Investors now owns 69,671,801 shares of the utilities provider’s stock worth $1,341,277,000 after acquiring an additional 2,537,128 shares during the period. FMR LLC lifted its holdings in AES by 38.6% during the third quarter. FMR LLC now owns 36,821,650 shares of the utilities provider’s stock valued at $559,689,000 after purchasing an additional 10,256,781 shares in the last quarter. Electron Capital Partners LLC boosted its position in shares of AES by 9.3% in the third quarter. Electron Capital Partners LLC now owns 8,060,064 shares of the utilities provider’s stock worth $122,513,000 after purchasing an additional 686,719 shares during the period. Finally, Invesco Ltd. increased its stake in shares of AES by 24.2% in the third quarter. Invesco Ltd. now owns 7,611,339 shares of the utilities provider’s stock worth $115,692,000 after purchasing an additional 1,484,052 shares in the last quarter. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AES has been the topic of a number of recent analyst reports. Mizuho raised their price target on AES from $21.00 to $24.00 and gave the company a “buy” rating in a report on Friday, May 17th. Argus restated a “buy” rating and issued a $25.00 price target on shares of AES in a research note on Tuesday, March 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 price objective on shares of AES in a research report on Tuesday, April 9th. Morgan Stanley restated an “overweight” rating and set a $25.00 target price on shares of AES in a research report on Monday, March 25th. Finally, UBS Group reduced their price target on shares of AES from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.50.

AES Stock Performance

Shares of NYSE:AES opened at $18.83 on Tuesday. The firm has a fifty day simple moving average of $19.21 and a two-hundred day simple moving average of $17.99. The AES Co. has a 52 week low of $11.43 and a 52 week high of $22.60. 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 stock has a market capitalization of $13.38 billion, a P/E ratio of 26.17 and a beta of 1.11.

AES (NYSE:AES) last released its quarterly earnings results on Friday, May 3rd. The utilities provider reported $0.50 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $3.20 billion. During the same quarter last year, the business posted $0.22 earnings per share. The firm’s revenue was down 4.8% on a year-over-year basis. On average, analysts expect that The AES Co. will post 1.91 earnings per share for the current fiscal year.

AES Company 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.