The AES Corporation (NYSE:AES) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in shares of The AES Corporation (NYSE:AES) by 137.3% during the first quarter, Holdings Channel.com reports. The firm owned 59,068 shares of the utilities provider’s stock after acquiring an additional 34,178 shares during the period. International Assets Investment Management LLC’s holdings in AES were worth $734,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Legacy Advisors LLC bought a new stake in shares of AES during the 1st quarter worth about $162,000. Oppenheimer & Co. Inc. raised its holdings in AES by 20.7% during the first quarter. Oppenheimer & Co. Inc. now owns 127,854 shares of the utilities provider’s stock worth $1,588,000 after purchasing an additional 21,902 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in AES by 23.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 689,534 shares of the utilities provider’s stock worth $8,564,000 after purchasing an additional 129,782 shares during the period. Continuum Advisory LLC boosted its stake in AES by 660.6% during the 1st quarter. Continuum Advisory LLC now owns 4,092 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 3,554 shares in the last quarter. Finally, TrueMark Investments LLC acquired a new position in shares of AES during the 1st quarter valued at $143,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Stock Up 0.4%

Shares of NYSE:AES opened at $10.51 on Thursday. The firm has a 50 day simple moving average of $10.63 and a 200 day simple moving average of $11.36. The AES Corporation 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 3.42, a quick ratio of 0.78 and a current ratio of 0.84. The company has a market cap of $7.48 billion, a PE ratio of 5.71, a price-to-earnings-growth ratio of 1.40 and a beta of 0.96.

AES (NYSE:AES) last released its earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.10). AES had a net margin of 10.67% and a return on equity of 18.06%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the company earned $0.60 EPS. AES’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, research analysts expect that The AES Corporation will post 1.93 earnings per share for the current year.

Analysts Set New Price Targets

AES has been the subject of several research analyst reports. Wells Fargo & Company upped their price objective on AES from $108.00 to $112.00 in a report on Friday, May 2nd. Bank of America upgraded shares of AES from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $11.00 to $13.00 in a research report on Tuesday, March 4th. JPMorgan Chase & Co. dropped their target price 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. HSBC reduced their target price on shares of AES from $15.00 to $14.00 in a report on Monday, May 5th. Finally, Seaport Res Ptn cut AES from a “hold” rating to a “strong sell” rating in a report on Monday, March 3rd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $24.22.

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.