First Trust Direct Indexing L.P. Decreases Holdings in The AES Co. (NYSE:AES)

First Trust Direct Indexing L.P. cut its stake in shares of The AES Co. (NYSE:AESFree Report) by 7.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,582 shares of the utilities provider’s stock after selling 902 shares during the period. First Trust Direct Indexing L.P.’s holdings in AES were worth $208,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AES. Capital World Investors raised its stake in AES by 76.9% during the 4th quarter. Capital World Investors now owns 71,348,566 shares of the utilities provider’s stock valued at $1,373,460,000 after buying an additional 31,009,718 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in AES by 70.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,441,980 shares of the utilities provider’s stock valued at $124,008,000 after buying an additional 2,670,001 shares during the last quarter. 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 valued at $1,341,277,000 after buying an additional 2,537,128 shares during the last quarter. Verition Fund Management LLC grew its position in shares of AES by 1,635.8% during the 4th quarter. Verition Fund Management LLC now owns 1,496,930 shares of the utilities provider’s stock valued at $28,816,000 after acquiring an additional 1,410,689 shares during the period. Finally, Hudson Bay Capital Management LP bought a new stake in shares of AES during the 3rd quarter valued at $8,947,000. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

AES Stock Down 1.0 %

AES opened at $17.68 on Wednesday. The firm has a 50-day simple moving average of $19.61 and a two-hundred day simple moving average of $17.96. The AES Co. has a 52 week low of $11.43 and a 52 week high of $22.60. The company has a market capitalization of $12.56 billion, a PE ratio of 24.56 and a beta of 1.08. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 4.04.

AES (NYSE:AESGet Free Report) last released its quarterly earnings data on Friday, May 3rd. The utilities provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.34 by $0.16. AES had a net margin of 4.40% and a return on equity of 36.23%. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the firm earned $0.22 EPS. The business’s revenue was down 4.8% on a year-over-year basis. Analysts forecast that The AES Co. will post 1.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AES shares. UBS Group cut their price objective on shares of AES from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, April 3rd. Seaport Res Ptn downgraded shares of AES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Argus reissued a “buy” rating and set a $25.00 price objective on shares of AES in a research report on Tuesday, March 26th. Royal Bank of Canada reissued an “outperform” rating and set a $22.00 price objective on shares of AES in a research report on Tuesday, April 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $25.00 target price on shares of AES in a report on Monday, March 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.88.

Get Our Latest Research Report on AES

AES Company 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.

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Institutional Ownership by Quarter for AES (NYSE:AES)

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