Jefferies Group LLC grew its holdings in shares of AES Corp (NYSE:AES) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 300,000 shares of the utilities provider’s stock after acquiring an additional 6,766 shares during the quarter. Jefferies Group LLC’s holdings in AES were worth $3,249,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Trilogy Capital Inc. purchased a new position in shares of AES during the 4th quarter valued at about $135,000. Cypress Capital Group purchased a new position in shares of AES during the 3rd quarter valued at about $138,000. Beacon Investment Advisory Services Inc. purchased a new position in shares of AES during the 4th quarter valued at about $142,000. Buckley Wealth Management LLC purchased a new position in shares of AES during the 4th quarter valued at about $163,000. Finally, Koch Industries Inc. purchased a new position in shares of AES during the 4th quarter valued at about $186,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.
AES stock remained flat at $$11.37 during trading hours on Monday. The company’s stock had a trading volume of 13,767,457 shares, compared to its average volume of 9,445,187. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.67. The stock has a market cap of $7,509.80, a PE ratio of 10.53, a P/E/G ratio of 1.22 and a beta of 1.17. AES Corp has a 1-year low of $9.86 and a 1-year high of $12.05.
AES (NYSE:AES) last announced its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.11. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $3.47 billion. AES had a positive return on equity of 16.52% and a negative net margin of 8.77%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. sell-side analysts forecast that AES Corp will post 1.2 earnings per share for the current year.
AES has been the topic of a number of research reports. Morgan Stanley decreased their price objective on AES from $14.00 to $12.50 and set an “equal weight” rating on the stock in a report on Wednesday, December 13th. UBS initiated coverage on AES in a report on Friday, February 2nd. They set a “neutral” rating and a $12.00 price objective on the stock. ValuEngine cut AES from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. SunTrust Banks set a $14.00 price objective on AES and gave the company a “buy” rating in a report on Monday, February 12th. Finally, JPMorgan Chase lifted their price target on AES from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Monday, March 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. AES presently has an average rating of “Hold” and a consensus target price of $12.50.
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AES Company Profile
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.
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