Avity Investment Management Inc. Takes $1.24 Million Position in The AES Co. (NYSE:AES)

Avity Investment Management Inc. purchased a new stake in The AES Co. (NYSE:AES - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 100,000 shares of the utilities provider's stock, valued at approximately $1,242,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. SRS Capital Advisors Inc. increased its holdings in shares of AES by 190.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 1,581 shares in the last quarter. Optiver Holding B.V. increased its holdings in shares of AES by 79.5% in the fourth quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 1,201 shares in the last quarter. WR Wealth Planners LLC increased its holdings in shares of AES by 93.3% in the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 1,369 shares in the last quarter. McIlrath & Eck LLC increased its holdings in shares of AES by 760.4% in the fourth quarter. McIlrath & Eck LLC now owns 3,347 shares of the utilities provider's stock valued at $43,000 after purchasing an additional 2,958 shares in the last quarter. Finally, Rothschild Investment LLC grew its holdings in AES by 235.4% during the 1st quarter. Rothschild Investment LLC now owns 3,595 shares of the utilities provider's stock worth $45,000 after acquiring an additional 2,523 shares during the period. Institutional investors and hedge funds own 93.13% of the company's stock.

AES Stock Up 3.7%

AES traded up $0.39 during trading on Friday, hitting $10.90. The company had a trading volume of 17,196,632 shares, compared to its average volume of 12,612,808. The company has a market capitalization of $7.76 billion, a PE ratio of 7.57, a PEG ratio of 0.82 and a beta of 0.96. The AES Co. has a one year low of $9.46 and a one year high of $20.63. The firm's 50-day moving average price is $10.60 and its 200 day moving average price is $11.56. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21.

AES (NYSE:AES - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.10). AES had a return on equity of 27.30% and a net margin of 8.34%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the firm earned $0.60 earnings per share. The company's quarterly revenue was down 5.2% compared to the same quarter last year. As a group, equities analysts expect that The AES Co. will post 1.93 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on AES. Bank of America raised shares of AES from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $11.00 to $13.00 in a report on Tuesday, March 4th. Argus reaffirmed a "hold" rating on shares of AES in a report on Tuesday, May 27th. JPMorgan Chase & Co. lowered their target price on shares of AES from $16.00 to $14.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Mizuho lowered their target price on shares of AES from $16.00 to $15.00 and set an "outperform" rating for the company in a report on Tuesday, March 4th. Finally, Wall Street Zen lowered shares of AES from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.22.

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.