Nomura Holdings Inc. Invests $260,000 in The AES Co. (NYSE:AES)

Nomura Holdings Inc. acquired a new position in The AES Co. (NYSE:AES) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,498 shares of the utilities provider’s stock, valued at approximately $260,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Glassman Wealth Services boosted its holdings in shares of AES by 186.1% during the 4th quarter. Glassman Wealth Services now owns 1,928 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 1,254 shares during the last quarter. Private Trust Co. NA raised its stake in AES by 68.8% during the 4th quarter. Private Trust Co. NA now owns 2,669 shares of the utilities provider’s stock valued at $51,000 after buying an additional 1,088 shares during the last quarter. Principal Securities Inc. bought a new position in shares of AES during the 4th quarter valued at $57,000. Allworth Financial LP boosted its stake in shares of AES by 133.7% in the 4th quarter. Allworth Financial LP now owns 3,110 shares of the utilities provider’s stock worth $60,000 after buying an additional 1,779 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of AES by 267.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,587 shares of the utilities provider’s stock worth $69,000 after acquiring an additional 2,611 shares during the period. 93.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AES shares. Seaport Res Ptn downgraded AES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Morgan Stanley reiterated an “overweight” rating and set a $25.00 price target on shares of AES in a research note on Monday, March 25th. UBS Group reduced their price objective on AES from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. Argus reiterated a “buy” rating and set a $25.00 target price on shares of AES in a research report on Tuesday, March 26th. Finally, Mizuho upped their price target on AES from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.50.

AES Stock Down 2.1 %

NYSE AES opened at $18.47 on Monday. 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 stock has a market cap of $13.13 billion, a PE ratio of 25.65 and a beta of 1.11. The stock’s 50 day moving average is $19.31 and its 200 day moving average is $18.01.

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

AES Company 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.