Electron Capital Partners LLC decreased its stake in AES Corp (NYSE:AES) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 626,740 shares of the utilities provider’s stock after selling 15,677 shares during the period. AES accounts for 1.1% of Electron Capital Partners LLC’s portfolio, making the stock its 20th largest position. Electron Capital Partners LLC owned approximately 0.09% of AES worth $6,788,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in shares of AES by 7.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 312,162 shares of the utilities provider’s stock worth $3,440,000 after purchasing an additional 22,799 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of AES by 39.3% in the 3rd quarter. Schroder Investment Management Group now owns 1,091,840 shares of the utilities provider’s stock worth $12,098,000 after purchasing an additional 307,915 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of AES in the 3rd quarter worth approximately $668,000. Convergence Investment Partners LLC bought a new stake in shares of AES in the 4th quarter worth approximately $3,449,000. Finally, Wellington Shields Capital Management LLC bought a new stake in shares of AES in the 4th quarter worth approximately $1,692,000. 93.45% of the stock is currently owned by institutional investors and hedge funds.
Shares of AES Corp (AES) opened at $10.85 on Monday. AES Corp has a 1 year low of $9.86 and a 1 year high of $12.05. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.06 and a quick ratio of 0.97. The company has a market capitalization of $7,166.34, a P/E ratio of 9.95, a P/E/G ratio of 1.14 and a beta of 1.26.
Several analysts recently issued reports on the company. UBS Group assumed coverage on AES in a report on Friday, February 2nd. They issued a “neutral” rating and a $12.00 price target on the stock. ValuEngine raised AES from a “hold” rating to a “buy” rating in a report on Friday, December 1st. SunTrust Banks set a $14.00 target price on AES and gave the company a “buy” rating in a research report on Monday, February 12th. Bank of America upgraded AES from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Monday, November 13th. Finally, Morgan Stanley lowered their target price on AES from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research report on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $12.42.
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.
Receive News & Ratings for AES Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AES and related companies with MarketBeat.com's FREE daily email newsletter.