US Bancorp DE Has $623,000 Stock Holdings in The AES Co. (NYSE:AES)

US Bancorp DE increased its position in shares of The AES Co. (NYSE:AESFree Report) by 28.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 32,373 shares of the utilities provider’s stock after purchasing an additional 7,163 shares during the period. US Bancorp DE’s holdings in AES were worth $623,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in AES by 38.6% during the third quarter. FMR LLC now owns 36,821,650 shares of the utilities provider’s stock worth $559,689,000 after purchasing an additional 10,256,781 shares during the last quarter. CI Investments Inc. grew its stake in AES by 18,505.6% in the 3rd quarter. CI Investments Inc. now owns 2,030,429 shares of the utilities provider’s stock valued at $30,862,000 after purchasing an additional 2,019,516 shares during the period. Invesco Ltd. increased its position in shares of AES by 24.2% during the 3rd quarter. Invesco Ltd. now owns 7,611,339 shares of the utilities provider’s stock valued at $115,692,000 after purchasing an additional 1,484,052 shares during the last quarter. Electron Capital Partners LLC raised its stake in shares of AES by 9.3% during the 3rd quarter. Electron Capital Partners LLC now owns 8,060,064 shares of the utilities provider’s stock worth $122,513,000 after purchasing an additional 686,719 shares during the period. Finally, Hudson Bay Capital Management LP purchased a new position in shares of AES in the 3rd quarter worth about $8,947,000. Institutional investors own 93.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AES. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 target price on shares of AES in a research note on Tuesday, April 9th. Morgan Stanley restated an “overweight” rating and set a $25.00 target price on shares of AES in a research report on Monday, March 25th. Argus reiterated a “buy” rating and set a $25.00 price objective on shares of AES in a research note on Tuesday, March 26th. Seaport Res Ptn cut AES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. Finally, UBS Group decreased their price target on AES from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $22.50.

Read Our Latest Analysis on AES

AES Stock Performance

Shares of AES opened at $20.37 on Friday. The AES Co. has a 12-month low of $11.43 and a 12-month high of $22.60. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 4.04. The company has a market cap of $14.48 billion, a PE ratio of 28.28 and a beta of 1.11. The stock has a 50-day moving average price of $18.94 and a 200-day moving average price of $17.83.

AES (NYSE:AESGet Free Report) last announced its earnings results on Friday, May 3rd. The utilities provider reported $0.50 earnings per share (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 analyst estimates of $3.20 billion. During the same period in the previous year, the business posted $0.22 earnings per share. AES’s revenue for the quarter was down 4.8% on a year-over-year basis. As a group, equities analysts forecast that The AES Co. will post 1.91 earnings per share for the current fiscal year.

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.

Further Reading

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Institutional Ownership by Quarter for AES (NYSE:AES)

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