The AES Co. (NYSE:AES) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of The AES Co. (NYSE:AES) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,809 shares of the utilities provider’s stock after acquiring an additional 2,908 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in AES were worth $834,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. lifted its stake in shares of AES by 190.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 1,581 shares in the last quarter. Optiver Holding B.V. lifted its position in AES by 79.5% during the 4th quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 1,201 shares in the last quarter. WR Wealth Planners LLC boosted its holdings in AES by 93.3% in the 4th quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 1,369 shares during the period. Covestor Ltd grew its position in AES by 601.5% in the fourth quarter. Covestor Ltd now owns 5,745 shares of the utilities provider’s stock valued at $74,000 after acquiring an additional 4,926 shares in the last quarter. Finally, AlphaQuest LLC raised its stake in shares of AES by 18,047.1% during the fourth quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider’s stock valued at $79,000 after purchasing an additional 6,136 shares during the period. 93.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AES shares. Jefferies Financial Group lowered shares of AES from a “hold” rating to an “underperform” rating and lowered their price target for the company from $10.00 to $9.00 in a report on Tuesday, May 20th. Mizuho cut their price target on AES from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. Wells Fargo & Company raised their price objective on AES from $108.00 to $112.00 in a research note on Friday, May 2nd. Seaport Res Ptn lowered shares of AES from a “hold” rating to a “strong sell” rating in a research note on Monday, March 3rd. Finally, Citigroup decreased their price target on AES from $23.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Three analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.22.

AES Price Performance

Shares of NYSE:AES opened at $10.01 on Tuesday. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of 6.95, a PEG ratio of 0.82 and a beta of 0.94. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The AES Co. has a 12 month low of $9.46 and a 12 month high of $22.21. The stock’s 50 day moving average price is $11.04 and its 200 day moving average price is $11.75.

AES (NYSE:AES) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.10). The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.13 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS. Equities research analysts anticipate that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES 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.