A. D. Beadell Investment Counsel Inc. Trims Stake in The AES Co. (NYSE:AES)

A. D. Beadell Investment Counsel Inc. trimmed its holdings in shares of The AES Co. (NYSE:AES - Free Report) by 56.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,875 shares of the utilities provider's stock after selling 111,025 shares during the quarter. A. D. Beadell Investment Counsel Inc.'s holdings in AES were worth $1,054,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new stake in shares of AES in the 4th quarter valued at approximately $121,627,000. FMR LLC raised its position in AES by 19.5% in the fourth quarter. FMR LLC now owns 49,173,626 shares of the utilities provider's stock valued at $632,865,000 after purchasing an additional 8,027,426 shares during the period. Ameriprise Financial Inc. lifted its stake in AES by 35.7% during the fourth quarter. Ameriprise Financial Inc. now owns 28,571,119 shares of the utilities provider's stock worth $367,499,000 after purchasing an additional 7,519,129 shares in the last quarter. Invesco Ltd. grew its stake in shares of AES by 64.2% in the fourth quarter. Invesco Ltd. now owns 15,948,807 shares of the utilities provider's stock valued at $205,261,000 after buying an additional 6,238,087 shares in the last quarter. Finally, Sound Shore Management Inc. CT purchased a new stake in shares of AES in the 4th quarter valued at $69,083,000. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

AES Stock Performance

NYSE:AES opened at $10.49 on Friday. The firm has a market capitalization of $7.46 billion, a PE ratio of 7.28, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The business's fifty day moving average price is $10.63 and its 200 day moving average price is $11.58. The AES Co. has a 12 month low of $9.46 and a 12 month high of $20.90.

AES (NYSE:AES - Get Free Report) last issued its earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.10). The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.13 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. AES's revenue was down 5.2% on a year-over-year basis. During the same period last year, the business posted $0.60 EPS. On average, sell-side analysts anticipate that The AES Co. will post 1.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Bank of America raised AES from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $11.00 to $13.00 in a research report on Tuesday, March 4th. Citigroup cut their target price on shares of AES from $23.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Jefferies Financial Group cut shares of AES from a "hold" rating to an "underperform" rating and decreased their price target for the company from $10.00 to $9.00 in a research report on Tuesday, May 20th. Wells Fargo & Company upped their price objective on AES from $108.00 to $112.00 in a research report on Friday, May 2nd. Finally, Mizuho decreased their target price on AES from $16.00 to $15.00 and set an "outperform" rating for the company in a report on Tuesday, March 4th. Three equities 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, AES currently has an average rating of "Moderate Buy" and an average price target of $24.22.

AES 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.

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