GAMMA Investing LLC Purchases 76,403 Shares of The AES Co. (NYSE:AES)

GAMMA Investing LLC boosted its position in The AES Co. (NYSE:AES) by 540.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 90,542 shares of the utilities provider’s stock after acquiring an additional 76,403 shares during the period. GAMMA Investing LLC’s holdings in AES were worth $1,125,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of AES by 19.5% during the 4th quarter. FMR LLC now owns 49,173,626 shares of the utilities provider’s stock valued at $632,865,000 after purchasing an additional 8,027,426 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of AES by 35.7% during the 4th quarter. Ameriprise Financial Inc. now owns 28,571,119 shares of the utilities provider’s stock valued at $367,499,000 after purchasing an additional 7,519,129 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of AES by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 16,895,678 shares of the utilities provider’s stock valued at $216,862,000 after purchasing an additional 381,761 shares in the last quarter. Invesco Ltd. boosted its stake in shares of AES by 64.2% during the 4th quarter. Invesco Ltd. now owns 15,948,807 shares of the utilities provider’s stock valued at $205,261,000 after purchasing an additional 6,238,087 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of AES during the 4th quarter valued at about $121,627,000. Institutional investors own 93.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AES shares. Wells Fargo & Company lifted their target price on shares of AES from $108.00 to $112.00 in a research note on Friday, May 2nd. Argus restated a “hold” rating on shares of AES in a report on Tuesday, May 27th. Mizuho cut their price objective on shares of AES from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, March 4th. Bank of America upgraded shares of AES from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $11.00 to $13.00 in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. cut their price objective on shares of AES from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Three analysts have rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $24.22.

AES Trading Down 0.7%

Shares of NYSE AES opened at $11.46 on Monday. The firm’s 50 day moving average price is $10.61 and its 200-day moving average price is $11.48. The company has a market cap of $8.16 billion, a PE ratio of 7.95, a P/E/G ratio of 0.82 and a beta of 0.96. The AES Co. has a 52-week low of $9.46 and a 52-week high of $20.30. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85.

AES (NYSE:AES) last issued its earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 EPS. On average, equities research analysts expect that The AES Co. will post 1.93 EPS for the current fiscal year.

About AES

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.